54 Rainey ST, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,174,448. To generate strong buyer interest while maximizing value, I'd price this between $998,000 and $1,008,000. With 5 comparable homes on the market in MILAGO CONDO, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. The larger floor plan (142 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2005 construction puts this home 9 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in MILAGO CONDO (a buyer's market), competition is a factor to consider. The trend in MILAGO CONDO shows prices have risen 25.9% in the past 6 months. 360 Nueces ST # 4305, Austin TX 78701 nearby adjusts to $1,644,409; with a larger floor plan. 7 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