54 Rainey ST # 603, Austin TX 78701

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $589,304. I'd recommend coming to market at $395,000 to $405,000 to strike the right balance between value and market velocity. Among the similar homes currently available in MILAGO CONDO, this price point stands out as competitive. Built in 2005, this home is 6 years older than the average comp, which is reflected in the adjustments. The active market in MILAGO CONDO includes 3 comparable homes priced from $399,000 to $699,000. The trend in 78701 shows prices have fallen 23.9% in the past 6 months. 360 Nueces ST # 3207, Austin TX 78701 nearby adjusts to $511,040; 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