54 Rainey ST # 612, Austin TX 78701

Off Market

View : Beautiful views of the lake and downtown!

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Ed's Opinion of Value

$473,774 Ed's Estimate: $664,124 $929,210

Lowest Comp Recommended List: $525,000 to $535,000 Highest Comp

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $664,124. I'd recommend coming to market at $525,000 to $535,000 to strike the right balance between value and market velocity. Against 3 similar active listings in MILAGO CONDO, this price point lands at the most expensive of 3 comparable homes on the market. Buyers in MILAGO CONDO have 3 comparable options right now, with asking prices between $550,000 and $785,000. The trend in 78701 shows prices have fallen 12.8% in the past 6 months. 603 Davis ST # 703, Austin TX 78701 nearby adjusts to $501,220; 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

$610,000 Median Sold Price ▼ 12.8% 6mo

$690/sqft Median $/SqFt ▲ 3.5% 6mo

119 days Avg Days on Market 13 days slower

223 homes Active Inventory 12.7 mo supply

94.7% Sale-to-List Ratio

105 Sales (6 months)

Recently Sold Comparables

$501,220 adjusted 603 Davis ST # 703, Austin TX 78701 2bd / 2.0ba • 1,176 sqft • 0.2 mi Sold 6 months ago

$473,774 adjusted 603 Davis ST # 603, Austin TX 78701 2bd / 2.0ba • 1,175 sqft • 0.1 mi Sold 7 months ago

$673,883 adjusted 603 Davis ST # 813, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.2 mi Sold 8 months ago

$929,210 adjusted 360 Nueces ST # 4009, Austin TX 78701 2bd / 2.0ba • 1,244 sqft • 0.9 mi Sold 4 days ago

$739,116 adjusted 360 Nueces ST # 2105, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.9 mi Sold 2 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

$550,000 603 Davis ST # 1409, Austin TX 78701 2bd / 2.0ba • 1,286 sqft • 0.1 mi 66 days on market

$785,000 901 W 9th ST # 203, Austin TX 78703 1bd / 2.0ba • 1,185 sqft • 1.4 mi 1 days on market

2 Beds

2 Baths 2 Full

1,164 Sq Ft

0.007 Acres

2005 Built

2 Garage

About This Property

Stunningly beautiful 2 bed 2 bath condo in highly acclaimed Milago. Amazing Town Lake & city views. Steps from hike & bike trail. Hottest Location Downtown. Milago has the best amenities-24/7 concierge, private parking garage (2 rsvp spaces), club room-WIFI lounge, roof-top pool & hot tub. Modern-Style residence, gourmet kitchen-open living space-high ceilings, dry bar, fine finish-out includes granite countertops, stainless appliances and more. Appliances convey!Restrictions: Yes Sprinkler Sys:Yes

Features

High Ceilings
Elevator
No Interior Steps
Pantry
Primary Bedroom on Main
Wired for Sound

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

Exterior Dock, Fire Pit, Lake, Playground

County Travis

MLS # 8027959

Garage 2 spaces

HOA & Community

HOA Fee $410 /Monthly

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

Tax Information

Annual Taxes (MLS) $7,031 (2012)

Listing History

MLS# 8027959 30 days

Dec 12, 2012	Off Market
Nov 7, 2012	Pending
Oct 8, 2012	Listed	$399,000

Frequently Asked Questions About 54 Rainey ST # 612, Austin TX 78701

When was 54 Rainey ST # 612, Austin TX 78701 built?

54 Rainey ST # 612, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 612, Austin TX 78701 cost?

54 Rainey ST # 612, Austin TX 78701 sold on December 12, 2012. Contact us for sale price details.

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