54 Rainey ST # 703, Austin TX 78701

The estimated value of this property is $618,480, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $404,000 and $414,000. With 3 comparable homes on the market in MILAGO CONDO, this price positions the property as the most expensive of 3 comparable homes on the market. Built in 2005, this home is 7 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in MILAGO CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 3207, Austin TX 78701, with an adjusted value of $520,701; a strong comparable. Based on 5 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