54 Rainey ST # 803, Austin TX 78701

Based on 4 closed sales in MILAGO CONDO, the data points to a value around $500,003 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $404,000 to $414,000. This home's position in the current MILAGO CONDO market: the most expensive of 3 comparable homes on the market among comparable properties. Being built in 2005 (8 years older than comps) is factored into the value estimate. Lot size matters here: 0.01 acres versus 0.04 for the typical comp. Buyers in MILAGO CONDO have 3 comparable options right now, with asking prices between $399,000 and $699,000. Market data shows 78701 prices fallen 23% over the last half year. The closest comparable sale, 360 Nueces ST # 3207, Austin TX 78701 at an adjusted $520,779, is a strong comparable. This estimate draws on 4 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus