54 Rainey ST # 821, Austin TX 78701

My analysis of 4 comparable properties puts this home's estimated value at $563,318. Based on how the local market is moving, a list price between $669,000 and $753,000 would position this home well. This would position the home competitively among 3 active listings in MILAGO CONDO. The smaller lot (0.01 acres versus the area average of 0.04) contributes to the valuation. Current inventory shows 3 comparable homes in MILAGO CONDO; a buyer's market based on recent absorption. The 6 month price trend in MILAGO CONDO: risen 72.1%. The best comp here is 603 Davis ST # 2011, Austin TX 78701 at an adjusted value of $668,751, a strong comparable. 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