54 Rainey ST # 502, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,083,043. To generate strong buyer interest while maximizing value, I'd price this between $1,061,000 and $1,105,000. Against 5 similar active listings in 78701, this price point lands at the 2nd least expensive of 5 comparable homes on the market. The active market in 78701 includes 5 comparable homes priced from $995,000 to $2,495,000. The trend in 78701 shows prices have fallen 21.3% in the past 6 months. 800 W 5th ST # 1001, Austin TX 78703 nearby adjusts to $823,274; a strong comparable. 7 comparable transactions in 78701 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