54 Rainey ST # 508, Austin TX 78701

My analysis of 6 comparable properties puts this home's estimated value at $685,776. Based on how the local market is moving, a list price between $414,000 and $424,000 would position this home well. Relative to what's currently available in MILAGO CONDO, this home would be the most expensive of 7 comparable homes on the market. At 7 years older than typical comps, the 2005 build date influences the valuation. Right now, 7 similar properties are competing for buyers in MILAGO CONDO, listed between $399,000 and $559,000. The 6 month price trend in 78701: fallen 24.1%. The best comp here is 360 Nueces ST # 3207, Austin TX 78701 at an adjusted value of $529,857, a strong comparable. With 6 comparable sales in MILAGO CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group