1601 Faro DR # 1701, Austin TX 78741

The market data from 7 similar recent sales in CHAMBORD CONDO REV points to a value of approximately $169,271. To sell within a reasonable timeframe at fair market value, the $111,000 to $121,000 range is where I'd position this. With 7 comparable homes on the market in CHAMBORD CONDO REV, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (234 sqft compared to the average comp) is a meaningful differentiator in this price range. With 7 similar homes currently listed in CHAMBORD CONDO REV (a buyer's market), competition is a factor to consider. In 78741, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 2450 Wickersham LN # 101, Austin TX 78741, adjusting to $115,161; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group