54 Rainey ST # 1017, Austin TX 78701

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $589,832. I'd recommend coming to market at $395,000 to $405,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in MILAGO CONDO. Built in 2005, this home is 6 years older than the average comp, which is reflected in the adjustments. 3 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 23% in the past 6 months. 360 Nueces ST # 3207, Austin TX 78701 nearby adjusts to $511,079; a strong comparable. Based on 6 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