54 Rainey ST # 404, Austin TX 78701

The estimated value of this property is $557,970, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $733,000 and $758,000. With 7 comparable homes on the market in MILAGO CONDO, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 181 sqft larger than the typical comp, the size difference factors into the valuation. Right now, 7 similar properties are competing for buyers in MILAGO CONDO, listed between $575,000 and $925,000. Recent trends in 78701 show home values have fallen 23.9% since 6 months ago. The most comparable recent sale is 54 Rainey ST # 814, Austin TX 78701, with an adjusted value of $733,250; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group