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Keenan Group#1 Austin Board of Realtors Team 2024

$179,925

2Beds
1Baths
900Sq Ft
0.13 acresLot

1601 Faro Dr Unit #1502, Austin, TX 78741

Reduced 5%$189,925
Austin·MLS# 5178012·Built 1983·73 days on market

2 bed, 1 bath, 900 sqft on 0.13 acres in Austin. Austin, TX 78741. $179,925. Del Valle ISD.

About This Home

Discover the charm of cottage-style living in this beautifully updated 2-bedroom, 1-bath condo nestled in the heart of East Riverside. Offering the rare combination of single-story living with no neighbors above or below, this inviting home features a private, gated front patio overlooking the community pool, creating a peaceful retreat just minutes from the city's growing East Riverside corridor. Inside, vaulted ceilings in the living room and primary bedroom create an airy, open feel, while wood-look flooring, a cozy fireplace, and a neutral color palette provide warmth and timeless appeal. The thoughtfully remodeled kitchen features quartz countertops, stainless steel appliances, updated cabinetry, and a stylish tile backsplash. The renovated bathroom showcases a dual vanity and an oversized walk-in shower, blending comfort with modern design. Set within a lush, park-like community, residents enjoy a tranquil atmosphere with exceptional access to Downtown Austin, Lady Bird Lake, Austin-Bergstrom International Airport, Oracle Campus, and the South Shore District. Convenient access to Riverside Drive, Highway 71, US-183, IH-35, CapMetro, and UT shuttle routes makes commuting easy, while nearby restaurants, coffee shops, and hike-and-bike trails offer the best of Austin living just moments from home. One assigned parking space plus ample guest parking. HOA dues include water, sewer, and trash. Recent updates include laminate flooring throughout, fresh paint, new door knobs and updated ceiling fans.

Property Type
Residential
Year Built
1983
Lot Size
0.13 acres
Price / Sq Ft
$200
HOA
$436.18/mo

Listing information last updated October 9, 2026.

Listed by Compass RE Texas, LLC

MLS# 5178012 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Bookcases
Built-in Features
Ceiling Fan(s)
Ceiling-High
Ceiling-Vaulted
Granite Counters

Facts & Features

Interior

Features

  • Bookcases
  • Built-in Features
  • Ceiling Fan(s)
  • Ceiling-High
  • Ceiling-Vaulted
  • Granite Counters
  • Quartz Counters
  • Crown Molding
  • Double Vanity
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Appliances

  • Dishwasher
  • Disposal
  • Electric Range
  • Exhaust Fan
  • Microwave
  • Electric Oven
  • Free-Standing Electric Range
  • Stainless Steel Appliance(s)
  • Electric Water Heater

Flooring

  • Laminate
  • Tile
Heating
Central,Electric
Cooling
Central Air,Electric
Fireplaces
1
Exterior & Lot

Features

  • No Exterior Steps

Construction

  • Brick
  • Frame
  • Wood Siding

Lot Features

  • Greenbelt
  • Landscaped
  • Near Golf Course
  • Near Public Transit
  • Trees-Moderate

Fencing

  • Perimeter
  • Wood
  • Wrought Iron

Foundation

  • Permanent

Patio / Porch

  • Covered
  • Patio
  • Porch
Roof
Composition,Shingle
Lot Size
0.13 Acres

Parking

  • Additional Parking
  • Assigned
  • Common
  • Guest
  • Outside
  • Parking Lot
Financial
HOA Fee
$436 / mo
Original List Price
$189,925
Price per Sq Ft
$200
Utilities
  • Cable Available
  • Electricity Available
  • Phone Available
  • Underground Utilities
  • Water Connected
Water Source
Public
Sewer
Public Sewer

Transaction History

1 record on file

Every recorded listing, sale, and lease at 1601 Faro DR Unit #1502, whoever represented it.

  1. ActiveListed 2026
    Current price: $179,925Original list: $189,925MLS 5178012
    1. Listed · August 4, 2026$189,925
    2. Price changed · October 7, 2026$179,925

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

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Price & Listing History

Price Change with current price, original ask, and market time.

View Timeline
Current list
$179,925
Original list
$189,925
Price movement
$10K reduction
Listed / DOM
Aug 4, 2026 · 73 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$256,537
Assessment Year
2025
Year Built
1983
Parcel ID
000000551254
$296K
$194K
$193,837
2021
$217,486
+12.2% from prev
2022
$209,210
-3.8% from prev
2023
$296,267
+41.6% from prev
2024
$256,537
-13.4% from prev
2025
YearTaxesTotal AssessmentLandAdditions
2025-13.4%
—$256,537——
2024+41.6%
—$296,267$17,450$292,788
2023-3.8%
—$209,210$17,450$278,817
2022+12.2%
—$217,486$17,450$191,760
2021
—$193,837$17,450$200,036
5-Year Change32.3%

Virtual Tour

Virtual tour of 1601 Faro Dr Unit #1502
Map showing 1601 Faro DR Unit #1502
1601 Faro DR Unit #1502
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Zoned Schools

Del Valle ISD

1 High School1 Middle School1 Elementary School

Del Valle

High SchoolGrades 9-12Zoned assignment

Dailey

Middle SchoolGrades 6-8Zoned assignment

Baty

ElementaryGrades K-5Zoned assignment

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.

Principal & interest
$997
HOA dues
$436

Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.

HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T10:57:06.851+00:00; normalized from monthly dues.

20% ($36K)

Adjustable assumption - not a lending recommendation.

$179,925

Loan: $144K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.

List price

$179,925

Price per sqft

$200/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

73 days

Original to current

$10K reduction

$189.9K original

Active inventory context

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Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Frequently Asked Questions

How much is 1601 Faro Dr Unit #1502?

1601 Faro Dr Unit #1502 is listed at $179,925 with 2 bedrooms, 1 full bathrooms, 900 square feet, 0.13-acre lot.

What school district is 1601 Faro Dr Unit #1502 in?

1601 Faro Dr Unit #1502 is zoned for Del Valle ISD with assigned schools: Baty (elementary), Dailey (middle), Del Valle (high). School assignments should be verified directly with the district.

What are the property details for 1601 Faro Dr Unit #1502?

1601 Faro Dr Unit #1502 is a Residential built in 1983 featuring 2 bedrooms, 1 full bathrooms, 900 square feet, 0.13-acre lot.

What are the property taxes for 1601 Faro Dr Unit #1502?

The most recent annual property tax for 1601 Faro Dr Unit #1502 is $5,311. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 1601 Faro Dr Unit #1502?

This page does not assume a mortgage rate or publish a monthly payment for 1601 Faro Dr Unit #1502. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 1601 Faro Dr Unit #1502 compare with other homes in Austin?

As of Oct 15, 2026, 1601 Faro Dr Unit #1502 is offered at $179,925. The current MLS snapshot shows 38 active listings in 78741. Keenan Group has completed 6 verified transactions in 78741 within its 1,000+ completed transactions and $1B+ career volume across Austin.

When was 1601 Faro Dr Unit #1502 built?

1601 Faro Dr Unit #1502 was built in 1983 (43 years ago). Buyers should budget for potential updates to major systems.

What is the community structure at 1601 Faro Dr Unit #1502?

The MLS listing reports HOA or association dues of $436 monthly for 1601 Faro Dr Unit #1502. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Austin

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

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Last updated: 10/15/2026, 5:57:06 AM

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