54 Rainey ST, Austin TX 78701

Off Market

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Ed's Opinion of Value

$1,269,000 Ed's Estimate: $1,873,566 $2,315,667

Lowest Comp Recommended List: $1,428,000 to $1,438,000 Highest Comp

3 recent sales in the surrounding area of this address suggest a current value of $1,873,566. My recommended list price range for this property would be $1,428,000 to $1,438,000. In the current MILAGO CONDO market with 6 similar homes available, this price represents the 3rd most expensive of 6 comparable homes on the market. The larger floor plan (126 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2005, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 6 similar homes on the market in MILAGO CONDO, ranging from $1,269,000 to $2,395,000. In MILAGO CONDO, home values have risen approximately 79.4% over the past 6 months. One of the strongest data points is 800 W 5th ST # 808, Austin TX 78703, adjusting to $1,369,882; a strong comparable. Based on 3 relevant data points in MILAGO CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX

MILAGO CONDO Market Trends

$610,000 Median Sold Price ▲ 79.4% 6mo

$497/sqft Median $/SqFt ▲ 14.3% 6mo

70 days Avg Days on Market 147 days faster

4 homes Active Inventory 6 mo supply

102.7% Sale-to-List Ratio

4 Sales (6 months)

Recently Sold Comparables

$1,369,882 adjusted 800 W 5th ST # 808, Austin TX 78703 2bd / 2.0ba • 2,422 sqft • 1.1 mi Sold 5 months ago

$2,315,667 adjusted 222 West Ave # 2401, Austin TX 78701 3bd / 3.0ba • 2,227 sqft • 1 mi Sold 11 months ago

$1,980,367 adjusted 222 West Ave # 2001, Austin TX 78701 3bd / 3.0ba • 2,227 sqft • 1 mi Sold 12 months ago

Currently on Market

$1,269,000 800 W 5th ST # 1104, Austin TX 78703 2bd / 2.0ba • 2,215 sqft • 1.1 mi 184 days on market

$1,475,000 800 W 5th ST # 1209, Austin TX 78703 2bd / 2.0ba • 2,215 sqft • 1.1 mi 331 days on market

$1,999,999 222 West Ave # 1901, Austin TX 78701 3bd / 3.0ba • 2,227 sqft • 1 mi 148 days on market

2 Beds

3 Baths 2 Full, 1 Half

2,418 Sq Ft

0.014 Acres

2005 Built

2 Garage

About This Property

Witness the evolving Austin skyline from this spectacular Rainey Street penthouse. Impeccably outfitted for entertaining and luxe living, high-design finishes blend with walls of glass and soaring ceilings. Murano chandeliers, ceiling and wall treatments, custom built-ins, and luxurious materials boldly complement the panoramic North, South, and West views. The interior blends seamlessly with the city lights beyond. Walk to work and nightlife from this swoon-worthy Town Lake location. Enjoy the beautiful hike and bike trail just steps away from the building's front door.

Features

2 Primary Baths
2 Primary Suites
Breakfast Bar
Built-in Features
Double Vanity
Kitchen Island
Multiple Living Areas
Primary Bedroom on Main
Smart Home
Walk-In Closet(s)
Wet Bar

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 Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Balcony

County Travis

MLS # 8234169

Garage 2 spaces

HOA & Community

HOA Fee $1,262 /Monthly

HOA Includes Common Area Maintenance, Trash

Tax Information

Annual Taxes (MLS) $21,737 (2020)

Listing History

MLS# 8234169 100 days

Mar 25, 2021	Off Market
Dec 7, 2020	Listed		$2,169,000

Frequently Asked Questions About 54 Rainey ST, Austin TX 78701

When was 54 Rainey ST, Austin TX 78701 built?

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

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

54 Rainey ST, Austin TX 78701 sold on March 25, 2021. Contact us for sale price details.

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