54 Rainey ST # 1118, Austin TX 78701

Off Market

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Ed's Opinion of Value

$1,070,000 Ed's Estimate: $1,903,526 $2,999,905

Lowest Comp Recommended List: $1,163,000 to $1,173,000 Highest Comp

The comparable sales data (7 recent transactions in MILAGO CONDO) supports an estimated value of $1,903,526. The data suggests a list price between $1,163,000 and $1,173,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in MILAGO CONDO, this home would be the 2nd most expensive of 4 comparable homes on the market. The 135 sqft size difference versus comparable sales is reflected in the adjusted values. A pool adds market appeal. Only 7 minus 6 of the comps had one. With 4 similar homes currently listed in MILAGO CONDO (a buyer's market), competition is a factor to consider. Prices in 78701 have fallen 13.8% over the last 6 months. A similar home at 360 Nueces ST # 4305, Austin TX 78701 carries an adjusted comparable value of $1,732,969, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus

78701 Market Trends

$607,500 Median Sold Price ▼ 13.8% 6mo

$689/sqft Median $/SqFt ▲ 3.3% 6mo

112 days Avg Days on Market 2 days slower

217 homes Active Inventory 10.7 mo supply

94.7% Sale-to-List Ratio

122 Sales (6 months)

Recently Sold Comparables

$1,732,969 adjusted 360 Nueces ST # 4305, Austin TX 78701 2bd / 3.0ba • 2,070 sqft • 0.9 mi Sold 4 months ago

$2,571,650 adjusted 301 West Ave # 3605, Austin TX 78701 3bd / 3.0ba • 1,830 sqft • 1 mi Sold 1 months ago

$2,451,341 adjusted 301 West Ave # 3805, Austin TX 78701 3bd / 3.0ba • 1,851 sqft • 1 mi Sold 5 months ago

$1,675,008 adjusted 501 West Ave # 2904, Austin TX 78701 3bd / 3.0ba • 2,009 sqft • 1.1 mi Sold 9 months ago

$2,999,905 adjusted 98 San Jacinto BLVD # 1701, Austin TX 78701 2bd / 3.0ba • 1,516 sqft • 0.3 mi Sold 7 months ago

Currently on Market

$1,070,000 311 W 5th ST # 1002, Austin TX 78701 2bd / 2.0ba • 1,897 sqft • 0.8 mi 54 days on market

$2,950,000 98 San Jacinto BLVD # 1109, Austin TX 78701 2bd / 3.0ba • 1,815 sqft • 0.3 mi 92 days on market

$2,295,000 98 San Jacinto BLVD # 903, Austin TX 78701 2bd / 3.0ba • 1,717 sqft • 0.4 mi 123 days on market

2 Beds

3 Baths 2 Full, 1 Half

1,956 Sq Ft

0.011 Acres

2005 Built

2 Garage

About This Property

Desirable two-bedroom floor plan at the Milago in the historic Rainey Street District. Open layout with beautiful wood
flooring and expansive windows to let in natural light. Additional bonus room, two private balconies and powder
bathroom. Well-maintained northwest facing unit, with vistas of Lady Bird Lake and downtown Austin, just steps from the
hike and bike trail, restaurants and the vibrant attractions of Rainey Street. Two designated garage parking spaces with
additional locker storage. Pool, gym, business lounge and security are just a few of the wonderful amenities included for
residences. Some furnishings negotiable.

Property Highlights

Pool Private, See Remarks

Features

Breakfast Bar
High Ceilings
Open Floorplan
Pantry
Primary Bedroom on Main
Recessed Lighting
Storage
Walk-In Closet(s)
Washer Hookup
See Remarks

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring No Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Balcony, See Remarks

County Travis

MLS # 2023262

Garage 2 spaces

HOA & Community

HOA Fee $998 /Monthly

HOA Includes Common Area Maintenance

Tax Information

Annual Taxes (MLS) $18,639 (2020)

Listing History

MLS# 2023262 27 days

Apr 9, 2021	Off Market
Feb 9, 2021	Listed		$995,000

Frequently Asked Questions About 54 Rainey ST # 1118, Austin TX 78701

When was 54 Rainey ST # 1118, Austin TX 78701 built?

54 Rainey ST # 1118, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 1118, Austin TX 78701 cost?

54 Rainey ST # 1118, Austin TX 78701 sold on April 9, 2021. Contact us for sale price details.

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