54 Rainey ST # 523, Austin TX 78701

Off Market

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Ed's Opinion of Value

$452,870 Ed's Estimate: $582,526 $785,000

Lowest Comp Recommended List: $509,000 to $519,000 Highest Comp

The market data from 5 similar recent sales in MILAGO CONDO points to a value of approximately $582,526. To sell within a reasonable timeframe at fair market value, the $509,000 to $519,000 range is where I'd position this. In the current MILAGO CONDO market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Buyers in MILAGO CONDO have 7 comparable options right now, with asking prices between $560,000 and $925,000. In 78701, home values have fallen approximately 23% over the past 6 months. One of the strongest data points is 603 Davis ST # 703, Austin TX 78701, adjusting to $479,799; a strong comparable. The 5 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

78701 Market Trends

$577,798 Median Sold Price ▼ 23% 6mo

$661/sqft Median $/SqFt ▼ 0.8% 6mo

122 days Avg Days on Market 11 days slower

239 homes Active Inventory 14.3 mo supply

94.7% Sale-to-List Ratio

100 Sales (6 months)

Recently Sold Comparables

$479,799 adjusted 603 Davis ST # 703, Austin TX 78701 2bd / 2.0ba • 1,176 sqft • 0.2 mi Sold 5 months ago

$452,870 adjusted 603 Davis ST # 603, Austin TX 78701 2bd / 2.0ba • 1,175 sqft • 0.1 mi Sold 6 months ago

$645,489 adjusted 603 Davis ST # 813, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.2 mi Sold 7 months ago

$708,337 adjusted 360 Nueces ST # 2105, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.9 mi Sold 1 months ago

$646,583 adjusted 360 Nueces ST # 1411, Austin TX 78701 2bd / 2.0ba • 1,221 sqft • 0.9 mi Sold 1 months ago

Currently on Market

$785,000 901 W 9th ST # 203, Austin TX 78703 1bd / 2.0ba • 1,185 sqft • 1.4 mi 1 days on market

$560,000 603 Davis ST # 1409, Austin TX 78701 2bd / 2.0ba • 1,286 sqft • 0.1 mi 46 days on market

$729,000 360 Nueces ST # 1505, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.9 mi 2 days on market

2 Beds

2 Baths 2 Full

1,157 Sq Ft

0.007 Acres

2005 Built

About This Property

Stunning Milago Condo with sweeping panoramic views! 2 Bd/2 Ba right on Lady Bird Lake. Urban look with hardwoods, stainless appliances & top to bottom windows. Common area party rooms, meeting rooms, media rooms, exercise gym, swimming pool, outdoor sitting areas. Private balcony with greenbelt, downtown and partial lake views. Modern feel and super lease price! Granite counters, fridge, washer/dryer. Rare corner unit feels like brand new!

Features

Breakfast Bar
High Ceilings
Elevator
Primary Bedroom on Main
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential Lease

Flooring Tile, Wood

Cooling Central Air

Heating Central

Exterior Elevator

County Travis

MLS # 4989543

Listing History

MLS# 4989543 65 days

Jul 27, 2017	Off Market
May 21, 2017	Listed		$2,500

MLS# 4919866 90 days

Mar 1, 2016	Off Market
Nov 12, 2015	Listed		$2,600

MLS# 2438135 63 days

Jul 15, 2010	Off Market
May 4, 2010	Listed		$1,990

MLS# 3184143 166 days

Apr 3, 2010	Off Market
Oct 19, 2009	Listed		$419,000

MLS# 7453141 133 days

Jan 11, 2010	Off Market
Aug 31, 2009	Listed		$2,400

Frequently Asked Questions About 54 Rainey ST # 523, Austin TX 78701

When was 54 Rainey ST # 523, Austin TX 78701 built?

54 Rainey ST # 523, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 523, Austin TX 78701 cost?

54 Rainey ST # 523, Austin TX 78701 sold on July 27, 2017. Contact us for sale price details.

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