54 Rainey ST # 403, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $589,304. To generate strong buyer interest while maximizing value, I'd price this between $395,000 and $405,000. Against 3 similar active listings in MILAGO CONDO, this price point lands at the most expensive of 3 comparable homes on the market. The 2005 construction puts this home 6 years older than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in MILAGO CONDO, listed between $399,000 and $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. 6 comparable transactions in MILAGO CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group