54 Rainey ST # 1116, Austin TX 78701

The comparable sales data (5 recent transactions in MILAGO CONDO) supports an estimated value of $539,285. The data suggests a list price between $395,000 and $405,000 would attract qualified buyers without leaving money on the table. Buyers shopping in MILAGO CONDO right now would see this as a well positioned option among 5 comparable homes. Being built in 2005 (5 years older than comps) is factored into the value estimate. Current inventory shows 5 comparable homes in MILAGO CONDO; a buyer's market based on recent absorption. Prices in 78701 have fallen 5.8% over the last 6 months. A similar home at 360 Nueces ST # 2807, Austin TX 78701 carries an adjusted comparable value of $500,478, providing a strong data point. The strength of this estimate comes from 5 directly comparable sales in MILAGO CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group