54 Rainey ST # 812, Austin TX 78701

After reviewing 4 recent transactions in MILAGO CONDO, I estimate this property's value at $564,170. A competitive list price for this home right now would fall in the $689,000 to $704,000 range. This pricing would rank the home as the most affordable of 7 comparable homes on the market in MILAGO CONDO's current inventory. The smaller lot (0.01 acres versus the area average of 0.04) contributes to the valuation. Current inventory shows 7 comparable homes in MILAGO CONDO; a buyer's market based on recent absorption. Prices in MILAGO CONDO have risen 72.1% over the last 6 months. A similar home at 603 Davis ST # 2011, Austin TX 78701 carries an adjusted comparable value of $669,205, providing a strong data point. With 4 comparable sales in MILAGO CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group