$149,800
1 bd · 1 ba · 736 sqft
1601 Faro Dr #2403, Austin, TX 78741
1601 Faro Dr #2403, Austin, TX 78741 is a 1-bedroom, 1-bathroom condominium listed at $149,800 ($204/sqft). 736 sqft. Built in 1983. Located in East Riverside, Austin TX. Priced 18% below the East Riverside median of $249/sqft. MLS #2772323. Listed by Moreland Properties.
Property Overview
This 736-square-foot condo on Faro Drive captures the essence of East Riverside's transformation into an accessible urban neighborhood. Priced at $204 per square foot—33 percent below the area median—the property offers remarkable value for buyers seeking Lady Bird Lake proximity without the premium price tag. The unit itself reflects its long-term owner's care, featuring refreshed wood-look tile flooring, updated kitchen countertops, and pristine ceilings stripped of popcorn texture. The covered patio provides an ideal retreat for morning coffee or evening wind-downs, while the complex's generous grounds, mature shade trees, and resort-style pool create a peaceful residential sanctuary.
The one-bedroom layout works equally well for first-time buyers, downsizers, or investors capitalizing on East Riverside's continued momentum. Situated in a quiet community where HOA dues cover water, trash, and exterior maintenance, this residence eliminates the burden of property upkeep while fostering neighborhood connection. The current lending landscape around this property deserves attention: the complex is pursuing FHA approval, which may unlock financing options previously unavailable. The seller remains flexible, considering owner financing for qualified buyers seeking alternative pathways to ownership.
Vox Real Estate Insight
The Vox Residential team recognizes 1601 Faro Drive as a strategic entry point into one of Austin's most dynamic neighborhoods, where East Riverside's infrastructure improvements and new development are steadily reshaping the area's appeal and long-term appreciation potential. With the complex moving toward FHA financing approval, this listing offers timing-conscious buyers a chance to secure affordable East Riverside real estate before broader lending accessibility drives competition.
Agent Description
BOM! Buyer was approved, all inspections done, ready to close, then buyer had health-related family emergency and was unable to go forward. Seller would love to cash out but will consider owner financing for right buyer. Long-term owner lovingly maintained the unit and made numerous improvements, including wood-look tile flooring, kitchen with new countertops, paint, and popcorn-free ceilings! Complex is quiet with a lot of land and many shade trees. HOA dues cover water, trash, and exterior upkeep. Lovely pool. Covered patio in back is a great place for coffee in the morning and relaxing at the end of the day. NOTE: complex is non-warrantable at this time but is in the process of getting approved for FHA financing.
Neighborhood: East Riverside
This property is located in East Riverside, Austin, TX. The area is known for Rapid Transformation, Affordable Urban Living, Lady Bird Lake Access, New Development, Transit Improvements.
At $204/sqft, this listing is priced 18% below the East Riverside median of $249/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1983 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 736 sqft |
| Price / Sqft | $204 |
| Stories | One |
| Condition | Resale |
| Subdivision | Chambord Condo Rev 1999 |
| County | Travis |
| MLS Area | 9 |
| Listed | Feb 13, 2026 |
| MLS # | 2772323 |
| Listed By | Moreland Properties |
| Contact | (512) 480-0848 |
Interior
| Flooring | Tile |
| Appliances | Dryer, Electric Range, Refrigerator, Washer |
| Interior Features | Ceiling-Vaulted, Primary Bedroom on Main |
| Windows | Aluminum Frames |
| Fireplaces | 1 (Living Room, Wood Burning) |
| Laundry | Inside, Laundry Closet |
| Main-Level Bedrooms | 1 |
| Living Areas | 1 |
| Dining Areas | 1 |
Systems & Utilities
| Cooling | Central Air |
| Heating | Central |
| Utilities | Electricity Connected |
| Water Source | Public |
| Sewer | Public Sewer |
Exterior & Lot
| Construction | Brick Veneer, Frame |
| Roof | Composition |
| Foundation | Slab |
| Fencing | Back Yard, Wood |
| Lot Features | Trees-Large (Over 40 Ft) |
| Faces | East |
Parking
| Parking Spaces | 2 |
| Parking Features | Outside |
Community & HOA
| HOA | No |
| HOA Name | Chamford-Austin Owners Association, Inc |
| HOA Fee | $359 / Monthly |
| Community Features | Pool |
Assigned Schools
| Elementary | Baty |
| Middle | Ojeda |
| High | Del Valle |
| District | Del Valle ISD |
Taxes & Legal
| Tax Year | 2025 |
| Annual Tax | $4,967 |
| Assessed Value | $239,953 |
| Parcel # | 03071101160094 |
| Legal Description | Unit 2403 Building Z Chambord Condominiums Rev 1999 |
| FEMA Flood Plain | Partial |
| In ETJ | No |
| Disclosures | Seller Disclosure |
| Listing Conditions | Standard |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 1601 Faro Dr #2403, Austin, TX 78741?
This property is listed at $149,800, which is $204 per square foot. That is 18% below the East Riverside area median of $249/sqft.
How many bedrooms and bathrooms does 1601 Faro Dr #2403, Austin, TX 78741 have?
This home has 1 bedroom and 1 bathroom, with 736 square feet of living space.
When was 1601 Faro Dr #2403, Austin, TX 78741 built?
This property was built in 1983, making it 43 years old.
What neighborhood is 1601 Faro Dr #2403, Austin, TX 78741 in?
This property is in East Riverside, Austin, TX. The area is known for rapid transformation, affordable urban living, lady bird lake access.
How long has 1601 Faro Dr #2403, Austin, TX 78741 been on the market?
This listing has been on the market for 197 days.
What type of property is 1601 Faro Dr #2403, Austin, TX 78741?
This is a Condominium.