54 Rainey ST # 1022, Austin TX 78701

My analysis of 3 comparable properties puts this home's estimated value at $1,936,635. Based on how the local market is moving, a list price between $1,449,000 and $1,459,000 would position this home well. Relative to what's currently available in MILAGO CONDO, this home would be the 3rd most expensive of 5 comparable homes on the market. This home's larger footprint (126 sqft vs the comp average) plays a role in how the market prices it. At 5 years older than typical comps, the 2005 build date influences the valuation. Buyers in MILAGO CONDO have 5 comparable options right now, with asking prices between $1,269,000 and $2,495,000. The 6 month price trend in MILAGO CONDO: risen 72.1%. The best comp here is 800 W 5th ST # 808, Austin TX 78703 at an adjusted value of $1,389,800, a strong comparable. With 3 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