54 Rainey ST # 722, Austin TX 78701

Off Market

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Ed's Opinion of Value

$498,357 Ed's Estimate: $659,552 $908,792

Lowest Comp Recommended List: $518,000 to $528,000 Highest Comp

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $659,552. I'd recommend coming to market at $518,000 to $528,000 to strike the right balance between value and market velocity. In the current MILAGO CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Current inventory shows 3 comparable homes in MILAGO CONDO; a buyer's market based on recent absorption. The trend in MILAGO CONDO shows prices have risen 72.1% in the past 6 months. 603 Davis ST # 2011, Austin TX 78701 nearby adjusts to $658,462; a strong comparable. With 7 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

MILAGO CONDO Market Trends

$585,000 Median Sold Price ▲ 72.1% 6mo

$502/sqft Median $/SqFt ▲ 18.7% 6mo

88 days Avg Days on Market 142 days faster

2 homes Active Inventory 4 mo supply

98.3% Sale-to-List Ratio

3 Sales (6 months)

Recently Sold Comparables

$658,462 adjusted 603 Davis ST # 2011, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.1 mi Sold 5 days ago

$663,757 adjusted 603 Davis ST # 813, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.2 mi Sold 9 months ago

$908,792 adjusted 360 Nueces ST # 4009, Austin TX 78701 2bd / 2.0ba • 1,244 sqft • 0.9 mi Sold 28 days ago

$726,564 adjusted 360 Nueces ST # 2105, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.9 mi Sold 3 months ago

$498,357 adjusted 603 Davis ST # 703, Austin TX 78701 2bd / 2.0ba • 1,176 sqft • 0.2 mi Sold 7 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

1,212 Sq Ft

0.007 Acres

2005 Built

About This Property

Immaculate condo in Rainey district w/panoramic views of Ladybird Lake & DT! The view is incredible & the private balcony & oversize windows offer this view from most locations w/i the home. Well maintained & much of the interior has been recently painted. Spacious master w/ large walk in closet & private bath w/separate shower & garden tub.Nice sized secondary bedroom that functions as a bedroom/office & complete w/murphy bed & en suite & walk in closet. Right off the hike/bike trail & prime DT location!FEMA - Unknown Restrictions: Yes

Features

Breakfast Bar
High Ceilings
Murphy Bed
Pantry
Primary Bedroom on Main

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 Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Balcony, Boat Ramp, Elevator, See Remarks

County Travis

MLS # 2140961

HOA & Community

HOA Fee $557 /Monthly

HOA Includes Common Area Maintenance, Maintenance Structure, Trash

Tax Information

Annual Taxes (MLS) $13,021 (2017)

Listing History

MLS# 2140961 3 days

Jul 13, 2018	Off Market
Jun 10, 2018	Pending
Jun 7, 2018	Listed	$665,000

Frequently Asked Questions About 54 Rainey ST # 722, Austin TX 78701

When was 54 Rainey ST # 722, Austin TX 78701 built?

54 Rainey ST # 722, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 722, Austin TX 78701 cost?

54 Rainey ST # 722, Austin TX 78701 sold on July 13, 2018. Contact us for sale price details.

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Mar 5, 2014	Off Market
Dec 19, 2013	Listed		$575,000