1601 Faro DR # 702, Austin TX 78741

Reviewing the most recent comparable transactions, this home's market value falls around $235,073. For a well positioned listing in CHAMBORD CONDO REV, I'd target the $177,000 to $187,000 range. Against 4 similar active listings in CHAMBORD CONDO REV, this price point lands at the most expensive of 4 comparable homes on the market. This home's smaller footprint (106 sqft vs the comp average) plays a role in how the market prices it. The 1983 construction puts this home 5 years newer than the comp average, a factor in the pricing. 4 similar homes are currently available in CHAMBORD CONDO REV, creating a buyer's market for this price range. Recent trends in 78741 show home values have fallen 1.1% since 6 months ago. The most comparable recent sale is 6208 Carnation TER, Austin TX 78741, with an adjusted value of $183,225; a strong comparable. The 4 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