54 Rainey ST, Austin TX 78701

Off Market

Exterior Front : Milago: situated on Town Lake in Downtown Austin

Additional photos available to registered users

Ed's Opinion of Value

$401,666 Ed's Estimate: $413,499 $600,000

Lowest Comp Recommended List: $476,000 to $534,000 Highest Comp

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $413,499. I'd recommend coming to market at $476,000 to $534,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in MILAGO CONDO, this price positions the property as the most affordable of 5 comparable homes on the market. 5 similar homes are currently available in MILAGO CONDO, creating a buyer's market for this price range. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 360 Nueces ST # 1118, Austin TX 78701 nearby adjusts to $432,447; 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

78701 Market Trends

$569,548 Median Sold Price ▼ 24.1% 6mo

$643/sqft Median $/SqFt ▼ 3.6% 6mo

120 days Avg Days on Market 9 days slower

241 homes Active Inventory 14.8 mo supply

94.7% Sale-to-List Ratio

98 Sales (6 months)

Recently Sold Comparables

$432,447 adjusted 360 Nueces ST # 1118, Austin TX 78701 1bd / 1.0ba • 760 sqft • 0.9 mi Sold 21 days ago

$406,916 adjusted 360 Nueces ST # 2506, Austin TX 78701 1bd / 1.0ba • 748 sqft • 0.9 mi Sold 2 months ago

$401,666 adjusted 360 Nueces ST # 2906, Austin TX 78701 1bd / 1.0ba • 748 sqft • 0.9 mi Sold 2 months ago

$476,464 adjusted 360 Nueces ST # 2703, Austin TX 78701 1bd / 1.0ba • 728 sqft • 0.9 mi Sold 1 months ago

$453,361 adjusted 360 Nueces ST # 3703, Austin TX 78701 1bd / 1.0ba • 728 sqft • 0.9 mi Sold 1 months ago

Currently on Market

$495,000 360 Nueces ST # 1214, Austin TX 78701 1bd / 1.0ba • 832 sqft • 0.9 mi 142 days on market

$559,000 360 Nueces ST # 914, Austin TX 78701 1bd / 1.0ba • 832 sqft • 0.9 mi 9 days on market

$600,000 222 West Ave # 1908, Austin TX 78701 1bd / 1.0ba • 688 sqft • 1 mi 28 days on market

1 Beds

1 Baths 1 Full

756 Sq Ft

0.004 Acres

2005 Built

1 Garage

About This Property

avis, R Rainey.Penthouse living, 10' higher ceilings, custom finishes, granite, stainless, hardwood floors, auto solar shades, rooftop pool with skyline view, 24-hour concierge, gym, club room, furnishings can be purchased, also available leRestrictions: Yes

Features

Breakfast Bar
High Ceilings
Primary Bedroom on Main
Track Lighting
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School Martin

High School Austin

Property Details

Property Type Residential

Flooring Tile, Wood

Cooling Central Air

Heating Central

Exterior Elevator

County Travis

MLS # 2739958

Parking

Garage 1 spaces

HOA & Community

HOA Fee $227 /Monthly

HOA Includes Common Area Maintenance, Insurance, Landscaping, Maintenance Structure, Trash

Listing History

MLS# 2739958 4 days

Apr 30, 2012	Off Market
Mar 22, 2012	Listed		$250,000

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 April 30, 2012. Contact us for sale price details.

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Feb 16, 2007	Off Market
Nov 6, 2006	Listed		$299,900