54 Rainey ST # 302, Austin TX 78701

Off Market

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Ed's Opinion of Value

$750,920 Ed's Estimate: $1,636,952 $2,703,448

Lowest Comp Recommended List: $861,000 to $871,000 Highest Comp

6 recent sales within a mile of this address suggest a current value of $1,636,952. My recommended list price range for this property would be $861,000 to $871,000. Against 6 similar active listings in MILAGO CONDOMINIUMS, this price point lands at the 2nd most expensive of 6 comparable homes on the market. This home's larger footprint (111 sqft vs the comp average) plays a role in how the market prices it. There are currently 6 similar homes on the market in MILAGO CONDOMINIUMS, ranging from $885,000 to $2,295,000. In 78701, home values have fallen approximately 23.9% over the past 6 months. One of the strongest data points is 800 W 5th ST # 705, Austin TX 78703, adjusting to $750,920; a strong comparable. With 6 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

78701 Market Trends

$570,595 Median Sold Price ▼ 23.9% 6mo

$643/sqft Median $/SqFt ▼ 3.6% 6mo

120 days Avg Days on Market 9 days slower

240 homes Active Inventory 14.5 mo supply

94.8% Sale-to-List Ratio

99 Sales (6 months)

Recently Sold Comparables

$750,920 adjusted 800 W 5th ST # 705, Austin TX 78703 2bd / 2.0ba • 1,482 sqft • 1.1 mi Sold 7 months ago

$2,675,155 adjusted 98 San Jacinto BLVD # 1701, Austin TX 78701 2bd / 3.0ba • 1,516 sqft • 0.3 mi Sold 5 months ago

$2,703,448 adjusted 98 San Jacinto BLVD # 1601, Austin TX 78701 2bd / 3.0ba • 1,516 sqft • 0.4 mi Sold 6 months ago

$768,770 adjusted 800 W 5th ST # 902, Austin TX 78703 2bd / 2.0ba • 1,478 sqft • 1.2 mi Sold 5 months ago

$1,140,152 adjusted 222 West Ave # 1213, Austin TX 78701 2bd / 2.0ba • 1,360 sqft • 1 mi Sold 1 months ago

Currently on Market

$895,000 800 W 5th ST # 1001, Austin TX 78703 2bd / 2.0ba • 1,506 sqft • 1.1 mi 30 days on market

$1,799,500 222 West Ave # 3002, Austin TX 78701 2bd / 2.0ba • 1,428 sqft • 1 mi 56 days on market

$1,595,000 901 W 9th ST # 1004, Austin TX 78703 2bd / 2.0ba • 1,554 sqft • 1.3 mi 1 days on market

3 Beds

2 Baths 2 Full

1,557 Sq Ft

0.01 Acres

2005 Built

2 Garage

About This Property

Want downtown experience but love the great outdoors? Lovely spacious 3/2 condo tucked in private corner overlooking park/hike-n-bike with beautiful treehouse/lake/skyline views. Wake up and gaze out on Ladybird Lake. Walk down one flight of stairs for your run or dogwalk, stroll to lively Rainey St., or grab the bike share right outside the door for a few blocks ride to DT scene. Stellar mgmt. and amenities: 24 hr concierge/pool/fitness/terrace/community room. 2 parking+storage unit. Best 3 BD value DT!Restrictions: Yes

Features

Breakfast Bar
High Ceilings
In-Law Floorplan
No Interior Steps
Primary Bedroom on Main
Track Lighting
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Tile, Wood

Cooling Central Air

Heating Central, Electric

Exterior Elevator, See Remarks

County Travis

MLS # 3175194

Parking

Garage 2 spaces

HOA & Community

HOA Fee $624 /Monthly

HOA Includes Common Area Maintenance, Insurance, Landscaping, Maintenance Structure

Listing History

MLS# 3175194 149 days

Aug 24, 2015	Off Market
Jul 30, 2015	Pending
Jul 9, 2015	Price Change	$699,500
Feb 16, 2015	Listed	$750,000

Frequently Asked Questions About 54 Rainey ST # 302, Austin TX 78701

When was 54 Rainey ST # 302, Austin TX 78701 built?

54 Rainey ST # 302, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 302, Austin TX 78701 cost?

54 Rainey ST # 302, Austin TX 78701 sold on August 24, 2015. Contact us for sale price details.

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