54 Rainey ST, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $1,686,626. For a well positioned listing in MILAGO CONDO, I'd target the $1,251,000 to $1,261,000 range. Against 3 similar active listings in MILAGO CONDO, this price point lands at the 2nd most expensive of 3 comparable homes on the market. Being 181 sqft larger than the average comparable sale in this area impacts the per square foot value. There are currently 3 similar homes on the market in MILAGO CONDO, ranging from $1,250,000 to $2,950,000. Recent trends in 78701 show home values have fallen 15.9% since 6 months ago. The most comparable recent sale is 98 San Jacinto BLVD # 1701, Austin TX 78701, with an adjusted value of $2,733,198; with a smaller floor plan. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group