54 Rainey ST # 707, Austin TX 78701

Off Market

Enjoy panoramic views of Lady Bird Lake and Downtown Austin from the Milago's Rooftop.

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Ed's Opinion of Value

$475,169 Ed's Estimate: $666,101 $931,939

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

The market data from 6 similar recent sales in MILAGO CONDO points to a value of approximately $666,101. To sell within a reasonable timeframe at fair market value, the $525,000 to $535,000 range is where I'd position this. In the current MILAGO CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. 3 similar homes are currently available in MILAGO CONDO, creating a buyer's market for this price range. In 78701, home values have fallen approximately 12.8% over the past 6 months. One of the strongest data points is 603 Davis ST # 703, Austin TX 78701, adjusting to $502,654; a strong comparable. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. 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

224 homes Active Inventory 12.8 mo supply

94.7% Sale-to-List Ratio

105 Sales (6 months)

Recently Sold Comparables

$502,654 adjusted 603 Davis ST # 703, Austin TX 78701 2bd / 2.0ba • 1,176 sqft • 0.2 mi Sold 6 months ago

$475,169 adjusted 603 Davis ST # 603, Austin TX 78701 2bd / 2.0ba • 1,175 sqft • 0.1 mi Sold 7 months ago

$675,848 adjusted 603 Davis ST # 813, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.2 mi Sold 8 months ago

$931,939 adjusted 360 Nueces ST # 4009, Austin TX 78701 2bd / 2.0ba • 1,244 sqft • 0.9 mi Sold 4 days ago

$741,261 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

2006 Built

2 Garage

About This Property

Live on famous Rainey Street! Just a short walk to all that downtown offers, the Milago is located in one of the pre-eminent spots in Austin. Enjoy the park-like setting, literally steps away from the hike-and-bike trail and Lady Bird Lake, tucked away from downtown traffic and concrete. Open floor plan with private balcony, wood floors, custom window blinds; nicely decorated, well cared for unit. Two bedrooms + 2 full baths. BONUS; 2 reserved parking spaces in garage AND garage storage unit. (Spots A83 & A84) NEWER dishwasher and HVAC system. Monthly HOA fee includes access to rooftop pool, fitness center, terrace grills, dedicated office area with Wi-Fi, and 24-hour concierge service. Club Room may be rented by residents. Milago allows leases for not less than 1-year and with a lease permit. Lease permits may be approved if less than 35% (84 units) of the total units in condo have been granted permits.

Features

Bookcases
Breakfast Bar
Built-in Features
Ceiling Fan(s)
Electric Dryer Hookup
Kitchen Island
No Interior Steps
Open Floorplan
Soaking Tub
Storage
Track Lighting
Walk-In Closet(s)
Washer Hookup
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 Tile, Wood

Cooling Ceiling Fan(s), Central Air, Electric

Heating Central, Electric

Exterior Balcony

County Travis

MLS # 1197537

Garage 2 spaces

HOA & Community

HOA Fee $617 /Monthly

HOA Includes Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Security, Trash

Tax Information

Annual Taxes (MLS) $11,171 (2020)

Listing History

MLS# 1197537 48 days (45 CDOM)

Apr 6, 2021	Off Market
Jan 14, 2021	Listed		$549,000

MLS# 7288882 6 days

May 14, 2014	Off Market
Apr 2, 2014	Listed		$409,900

MLS# 8289412 32 days

Aug 15, 2012	Off Market
Jul 2, 2012	Listed		$2,550

MLS# 2744301 29 days

Jul 23, 2010	Off Market
Jun 7, 2010	Listed		$1,895

MLS# 3067959 97 days

May 31, 2007	Off Market
Feb 1, 2007	Listed		$369,900

Frequently Asked Questions About 54 Rainey ST # 707, Austin TX 78701

When was 54 Rainey ST # 707, Austin TX 78701 built?

54 Rainey ST # 707, Austin TX 78701 was built in 2006.

How much does 54 Rainey ST # 707, Austin TX 78701 cost?

54 Rainey ST # 707, Austin TX 78701 sold on April 6, 2021. Contact us for sale price details.

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