1601 Faro DR # 1703, Austin TX 78741

The estimated value of this property is $160,946, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $117,000 and $127,000. In the current CHAMBORD CONDO REV market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 257 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.00 acre lot (smaller than the 0.12 acre average) is reflected in the estimate. With 7 similar homes currently listed in CHAMBORD CONDO REV (a buyer's market), competition is a factor to consider. Recent trends in 78741 show home values have fallen 9.6% since 6 months ago. The most comparable recent sale is 2450 Wickersham LN # 101, Austin TX 78741, with an adjusted value of $96,636; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group