54 Rainey ST # 1120, Austin TX 78701

Off Market

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Ed's Opinion of Value

$274,270 Ed's Estimate: $488,984 $600,000

Lowest Comp Recommended List: $538,000 to $581,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $488,984. To generate strong buyer interest while maximizing value, I'd price this between $538,000 and $581,000. Against 4 similar active listings in MILAGO CONDO, this price point lands at the most affordable of 4 comparable homes on the market. Right now, 4 similar properties are competing for buyers in MILAGO CONDO, listed between $525,000 and $600,000. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 360 Nueces ST # 2506, Austin TX 78701 nearby adjusts to $403,234; a strong comparable. The 7 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

$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

$403,234 adjusted 360 Nueces ST # 2506, Austin TX 78701 1bd / 1.0ba • 748 sqft • 0.9 mi Sold 2 months ago

$398,031 adjusted 360 Nueces ST # 2906, Austin TX 78701 1bd / 1.0ba • 748 sqft • 0.9 mi Sold 2 months ago

$472,208 adjusted 360 Nueces ST # 2703, Austin TX 78701 1bd / 1.0ba • 728 sqft • 0.9 mi Sold 1 months ago

$449,315 adjusted 360 Nueces ST # 3703, Austin TX 78701 1bd / 1.0ba • 728 sqft • 0.9 mi Sold 1 months ago

$274,270 adjusted 507 Sabine ST # 1010, Austin TX 78701 1bd / 1.0ba • 745 sqft • 0.6 mi Sold 7 months ago

Currently on Market

$600,000 222 West Ave # 1908, Austin TX 78701 1bd / 1.0ba • 688 sqft • 1 mi 28 days on market

$559,000 360 Nueces ST # 914, Austin TX 78701 1bd / 1.0ba • 832 sqft • 0.9 mi 9 days on market

$525,000 222 West Ave # 2809, Austin TX 78701 1bd / 1.0ba • 685 sqft • 1 mi

1 Beds

1 Baths 1 Full

756 Sq Ft

0.0043 Acres

2005 Built

About This Property

Enjoy the downtown lifestyle from your 11th floor condo with gorgeous views of Ladybird Lake! Amenities include concierge, rooftop pool, gym, entertaining room, study and on-site access to the hike and bike trail. Rental includes washer, dryer, refrigerator and flat-screen TV with Bose surround sound system. Hurry, it won't last!!

Features

High Ceilings
Primary Bedroom on Main
Walk-In Closet(s)
Wired for Sound

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Tile, Wood

Cooling Central Air

Heating Electric

Exterior Elevator, Lake, See Remarks

County Travis

MLS # 6114680

Listing History

MLS# 6114680 25 days

Sep 15, 2023	Off Market
Jul 28, 2023	Listed	$480,000
Sep 15, 2011	Price Change	$465,000

MLS# 9317857 56 days

Dec 16, 2016	Off Market
Oct 3, 2016	Listed		$395,500

MLS# 9135425 14 days

May 15, 2013	Off Market
Apr 5, 2013	Listed		$320,000

MLS# 8832622 38 days

Oct 5, 2011	Off Market
Aug 8, 2011	Listed		$1,700

Frequently Asked Questions About 54 Rainey ST # 1120, Austin TX 78701

When was 54 Rainey ST # 1120, Austin TX 78701 built?

54 Rainey ST # 1120, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 1120, Austin TX 78701 cost?

54 Rainey ST # 1120, Austin TX 78701 sold on September 15, 2023. Contact us for sale price details.

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