54 Rainey ST # 422, Austin TX 78701

Off Market

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Ed's Opinion of Value

$489,563 Ed's Estimate: $699,294 $785,000

Lowest Comp Recommended List: $568,000 to $578,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $699,294. To generate strong buyer interest while maximizing value, I'd price this between $568,000 and $578,000. In the current MILAGO CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. 3 similar homes are currently available in MILAGO CONDO, creating a buyer's market for this price range. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 603 Davis ST # 813, Austin TX 78701 nearby adjusts to $690,046; a strong comparable. 7 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

78701 Market Trends

$569,548 Median Sold Price ▼ 24.1% 6mo

$643/sqft Median $/SqFt ▼ 3.6% 6mo

120 days Avg Days on Market 9 days slower

241 homes Active Inventory 14.8 mo supply

94.7% Sale-to-List Ratio

98 Sales (6 months)

Recently Sold Comparables

$690,046 adjusted 603 Davis ST # 813, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.2 mi Sold 7 months ago

$755,330 adjusted 360 Nueces ST # 2105, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.9 mi Sold 1 months ago

$517,018 adjusted 603 Davis ST # 703, Austin TX 78701 2bd / 2.0ba • 1,176 sqft • 0.2 mi Sold 5 months ago

$489,563 adjusted 603 Davis ST # 603, Austin TX 78701 2bd / 2.0ba • 1,175 sqft • 0.1 mi Sold 6 months ago

$692,752 adjusted 360 Nueces ST # 1411, Austin TX 78701 2bd / 2.0ba • 1,221 sqft • 0.9 mi Sold 1 months ago

Currently on Market

$575,000 603 Davis ST # 1409, Austin TX 78701 2bd / 2.0ba • 1,286 sqft • 0.1 mi 14 days on market

$739,000 360 Nueces ST # 1405, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.9 mi 77 days 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

2 Beds

2 Baths 2 Full

1,212 Sq Ft

0.007 Acres

2005 Built

2 Garage

About This Property

Stunning views from all angles. Large trees shade your balcony from the summer heat but allow for lake view in winter months. One of the larger 2 bedroom units overlooking town lake and hike and bike trail.
Enjoy carefree living with all the amenities of Milago Condominiums. Exercise area, outdoor pool, meeting lounge and library. Covered parking spaces close to elevator. 24 hour concierge.

Features

Breakfast Bar
Elevator
Entrance Foyer
No Interior Steps
Primary Bedroom on Main

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 Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Elevator, Lake, See Remarks

County Travis

MLS # 5125584

Parking

Garage 2 spaces

HOA & Community

HOA Fee $485 /Monthly

Listing History

MLS# 5125584 19 days

May 22, 2017	Off Market
May 3, 2017	Listed		$2,500

MLS# 1103483 83 days

May 29, 2015	Off Market
Mar 7, 2015	Listed		$2,900

MLS# 4454883 6 days

Feb 10, 2015	Off Market
Jan 2, 2015	Listed		$555,000

Frequently Asked Questions About 54 Rainey ST # 422, Austin TX 78701

When was 54 Rainey ST # 422, Austin TX 78701 built?

54 Rainey ST # 422, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 422, Austin TX 78701 cost?

54 Rainey ST # 422, Austin TX 78701 sold on May 22, 2017. Contact us for sale price details.

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