54 Rainey ST # 418, Austin TX 78701

Off Market

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Ed's Opinion of Value

$473,757 Ed's Estimate: $664,773 $745,000

Lowest Comp Recommended List: $524,000 to $534,000 Highest Comp

The comparable sales data (7 recent transactions in MILAGO CONDO) supports an estimated value of $664,773. The data suggests a list price between $524,000 and $534,000 would attract qualified buyers without leaving money on the table. This home's position in the current MILAGO CONDO market: the most expensive of 3 comparable homes on the market among comparable properties. The active market in MILAGO CONDO includes 3 comparable homes priced from $550,000 to $745,000. Prices in 78701 have fallen 11% over the last 6 months. A similar home at 603 Davis ST # 2011, Austin TX 78701 carries an adjusted comparable value of $669,205, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in MILAGO CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group

78701 Market Trends

$600,000 Median Sold Price ▼ 11% 6mo

$687/sqft Median $/SqFt ▲ 2.9% 6mo

111 days Avg Days on Market unchanged

217 homes Active Inventory 10.9 mo supply

94.7% Sale-to-List Ratio

120 Sales (6 months)

Recently Sold Comparables

$669,205 adjusted 603 Davis ST # 2011, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.1 mi Sold 1 days ago

$501,202 adjusted 603 Davis ST # 703, Austin TX 78701 2bd / 2.0ba • 1,176 sqft • 0.2 mi Sold 6 months ago

$473,757 adjusted 603 Davis ST # 603, Austin TX 78701 2bd / 2.0ba • 1,175 sqft • 0.1 mi Sold 7 months ago

$673,800 adjusted 603 Davis ST # 813, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.2 mi Sold 9 months ago

$739,024 adjusted 360 Nueces ST # 2105, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.9 mi Sold 3 months ago

Currently on Market

$630,000 603 Davis ST # 1704, Austin TX 78701 2bd / 2.0ba • 1,252 sqft • 0.2 mi 2 days on market

$550,000 603 Davis ST # 1409, Austin TX 78701 2bd / 2.0ba • 1,286 sqft • 0.1 mi 78 days on market

$745,000 901 W 9th ST # 203, Austin TX 78703 1bd / 2.0ba • 1,185 sqft • 1.4 mi 90 days on market

2 Beds

2 Baths 2 Full

1,164 Sq Ft

0.007 Acres

2005 Built

2 Garage

About This Property

Own Downtown in a park-like setting at the quiet end of Rainey Street. Best 2 bedroom floor plan in the building. NE Corner Residence sits in the treetops. Excellent natural light, perfect for plants. Bonus dining area doubles as primo home office. Walk-in closets. Garden tub. Covered balcony. 2 Reserved parking. Washer/dryer and refrigerator convey. Rooftop pool + hot tub + sundeck with grilling stations, 24 hr concierge, private lounge + conference room, reservable club room, and super nice gym. Currently no waitlist for leasing permits (subject to change).

Features

Primary Bedroom on Main
See Remarks
Granite Counters

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 No Carpet, Tile, Wood

Cooling Electric

Heating Electric

Exterior Balcony, Dog Run, Restricted Access

County Travis

MLS # 8593610

Garage 2 spaces

HOA & Community

HOA Fee $618 /Monthly

HOA Includes Common Area Maintenance, Landscaping, Parking, Security, Sewer, Trash

Tax Information

Annual Taxes (MLS) $11,797 (2020)

Listing History

MLS# 8593610 10 days (9 CDOM)

Feb 22, 2021	Off Market
Jan 13, 2021	Listed		$549,000

Frequently Asked Questions About 54 Rainey ST # 418, Austin TX 78701

When was 54 Rainey ST # 418, Austin TX 78701 built?

54 Rainey ST # 418, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 418, Austin TX 78701 cost?

54 Rainey ST # 418, Austin TX 78701 sold on February 22, 2021. Contact us for sale price details.

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