54 Rainey ST # 716, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $687,490. For a well positioned listing in MILAGO CONDO, I'd target the $408,000 to $418,000 range. Among the similar homes currently available in MILAGO CONDO, this price point stands out as competitive. The 2005 construction puts this home 7 years older than the comp average, a factor in the pricing. With 3 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 24.1% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 3207, Austin TX 78701, with an adjusted value of $526,150; a strong comparable. The 6 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