1601 Faro DR # 2001, Austin TX 78741

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $169,271. I'd recommend coming to market at $111,000 to $121,000 to strike the right balance between value and market velocity. 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. Being 234 sqft smaller than the average comparable sale in this area impacts the per square foot value. The active market in CHAMBORD CONDO REV includes 7 comparable homes priced from $125,000 to $260,000. The trend in 78741 shows prices have fallen 1.1% in the past 6 months. 2450 Wickersham LN # 101, Austin TX 78741 nearby adjusts to $115,161; 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