54 Rainey ST # 507, Austin TX 78701

Off Market

Welcome home to the Milago building, unit 507! This building is home to a fantastic community active Austinites from all walks of life. Come join the fun and be part of the bustling, ever-changing landscape of the tony Rainey Street District.

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Ed's Opinion of Value

$455,080 Ed's Estimate: $633,909 $892,144

Lowest Comp Recommended List: $500,000 to $510,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $633,909. For a well positioned listing in MILAGO CONDO, I'd target the $500,000 to $510,000 range. With 4 comparable homes on the market in MILAGO CONDO, this price positions the property as the most expensive of 4 comparable homes on the market. With 4 similar homes currently listed in MILAGO CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78701 show home values have fallen 5.8% since 6 months ago. The most comparable recent sale is 603 Davis ST # 703, Austin TX 78701, with an adjusted value of $481,998; a strong comparable. 5 comparable transactions in MILAGO CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group

78701 Market Trends

$626,250 Median Sold Price ▼ 5.8% 6mo

$699/sqft Median $/SqFt ▲ 6.8% 6mo

116 days Avg Days on Market 7 days slower

228 homes Active Inventory 12.2 mo supply

94.6% Sale-to-List Ratio

112 Sales (6 months)

Recently Sold Comparables

$481,998 adjusted 603 Davis ST # 703, Austin TX 78701 2bd / 2.0ba • 1,176 sqft • 0.2 mi Sold 6 months ago

$455,080 adjusted 603 Davis ST # 603, Austin TX 78701 2bd / 2.0ba • 1,175 sqft • 0.1 mi Sold 7 months ago

$647,215 adjusted 603 Davis ST # 813, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.2 mi Sold 9 months ago

$892,144 adjusted 360 Nueces ST # 4009, Austin TX 78701 2bd / 2.0ba • 1,244 sqft • 0.9 mi Sold 17 days ago

$709,997 adjusted 360 Nueces ST # 2105, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.9 mi Sold 3 months ago

Currently on Market

$675,000 603 Davis ST # 2011, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.1 mi 11 days on market

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

About This Property

Gorgeous 2-bedroom unit on the 5th Floor, street side of the Milago Building is ready for new owners! Great floor plan with two large bedroom suites separated by a large, light-filled kitchen/dining/living area. Lovingly maintained. Fantastic location in the exciting Rainey Street District. You are just a few steps from everything great that Austin has to offer -- Town Lake Trail, Rainey Street entertainment district; or all the many venues downtown. So walkable, come home to the Milago you will love it!Restrictions: Yes

Features

High Ceilings
No Interior Steps
Primary Bedroom on Main
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 No Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Balcony, See Remarks

County Travis

MLS # 5872159

HOA & Community

HOA Fee $501 /Monthly

HOA Includes Common Area Maintenance, Parking, Trash

Tax Information

Annual Taxes (MLS) $8,654 (2017)

Listing History

MLS# 5872159 23 days

Nov 20, 2017	Off Market
Oct 22, 2017	Pending
Oct 11, 2017	Price Change	$465,000
Sep 29, 2017	Listed	$472,000

MLS# 9746370 3 days

May 3, 2013	Off Market
Mar 22, 2013	Listed		$373,000

MLS# 3746828 172 days

Aug 14, 2009	Off Market
Feb 12, 2009	Listed		$2,150

Frequently Asked Questions About 54 Rainey ST # 507, Austin TX 78701

When was 54 Rainey ST # 507, Austin TX 78701 built?

54 Rainey ST # 507, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 507, Austin TX 78701 cost?

54 Rainey ST # 507, Austin TX 78701 sold on November 20, 2017. Contact us for sale price details.

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