54 Rainey ST # 716, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $549,988. For a well positioned listing in MILAGO CONDO, I'd target the $403,000 to $413,000 range. Among the similar homes currently available in MILAGO CONDO, this price point stands out as competitive. The 2005 construction puts this home 5 years older than the comp average, a factor in the pricing. With 5 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 5.8% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 2807, Austin TX 78701, with an adjusted value of $509,878; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group