54 Rainey ST # 502, Austin TX 78701

The estimated value of this property is $1,340,611, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $576,000 and $586,000. With 4 comparable homes on the market in MILAGO CONDO, this price positions the property as the most expensive of 4 comparable homes on the market. Current inventory shows 4 comparable homes in MILAGO CONDO; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 603 Davis ST # 1002, Austin TX 78701, with an adjusted value of $671,705; with a pool. 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