54 Rainey ST # 1001, Austin TX 78701

Off Market

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Ed's Opinion of Value

$550,000 Ed's Estimate: $1,046,156 $1,101,061

Lowest Comp Recommended List: $569,000 to $579,000 Highest Comp

The market data from 3 similar recent sales in MILAGO CONDO points to a value of approximately $1,046,156. To sell within a reasonable timeframe at fair market value, the $569,000 to $579,000 range is where I'd position this. Among the similar homes currently available in MILAGO CONDO, this price point stands out as competitive. The 2005 construction puts this home 9 years older than the comp average, a factor in the pricing. 4 similar homes are currently available in MILAGO CONDO, creating a buyer's market for this price range. In 78701, home values have fallen approximately 10.6% over the past 6 months. One of the strongest data points is 222 West Ave # 2806, Austin TX 78701, adjusting to $1,015,749; a strong comparable. 3 comparable transactions in MILAGO CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group

78701 Market Trends

$602,500 Median Sold Price ▼ 10.6% 6mo

$689/sqft Median $/SqFt ▲ 3.3% 6mo

114 days Avg Days on Market 4 days slower

225 homes Active Inventory 11.6 mo supply

94.6% Sale-to-List Ratio

116 Sales (6 months)

Recently Sold Comparables

$1,015,749 adjusted 222 West Ave # 2806, Austin TX 78701 2bd / 2.0ba • 1,376 sqft • 1 mi Sold 1 months ago

$1,020,220 adjusted 222 West Ave # 1213, Austin TX 78701 2bd / 2.0ba • 1,360 sqft • 1 mi Sold 2 months ago

$1,101,061 adjusted 222 West Ave # 1614, Austin TX 78701 2bd / 2.0ba • 1,322 sqft • 1 mi Sold 11 months ago

Currently on Market

$550,000 603 Davis ST # 1409, Austin TX 78701 2bd / 2.0ba • 1,286 sqft • 0.1 mi 78 days on market

$630,000 603 Davis ST # 1704, Austin TX 78701 2bd / 2.0ba • 1,252 sqft • 0.2 mi 2 days on market

$675,000 603 Davis ST # 2011, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.1 mi 11 days on market

2 Beds

2 Baths 2 Full

1,289 Sq Ft

0.0074 Acres

2005 Built

2 Garage

About This Property

Located within Austin’s Rainey Street District, walking distance to Austin’s Butler Hike trail, easy access to upscale dinning and entertainment, this beauty offers views of the most desirable city in America! Escape the busy city life in this oasis located on the 10th floor at Milago. This spacious condo is a 2BED/2 BATH open floor plan for anyone looking to live in the heartbeat of Austin. Condo includes: 24 hour concierge service, 24 hour access to all amenities, stainless steel appliances, 2 reserved garage parking spots, and 2 private balconies.

Features

High Ceilings
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School Burnet (Austin ISD)

High School Austin

Property Details

Property Type Residential Lease

Flooring Tile, Vinyl

Cooling Central Air

Heating Central, Electric

Exterior See Remarks

County Travis

MLS # 4972152

Garage 2 spaces

Listing History

MLS# 4972152 64 days (63 CDOM)

Oct 21, 2024	Off Market
Sep 11, 2024	Price Change	$3,395
Jul 22, 2024	Listed	$3,850

MLS# 4655344 256 days

Jul 19, 2024	Off Market
Oct 26, 2023	Listed		$910,000

MLS# 1211034 5 days

Jan 5, 2021	Off Market
Dec 11, 2020	Listed		$689,000

Frequently Asked Questions About 54 Rainey ST # 1001, Austin TX 78701

When was 54 Rainey ST # 1001, Austin TX 78701 built?

54 Rainey ST # 1001, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 1001, Austin TX 78701 cost?

54 Rainey ST # 1001, Austin TX 78701 sold on October 21, 2024. Contact us for sale price details.

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