54 Rainey ST # 517, Austin TX 78701

The estimated value of this property is $589,215, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $395,000 and $405,000. In the current MILAGO CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 2005, this home is 6 years older than the average comp, which is reflected in the adjustments. 3 similar homes are currently available in MILAGO CONDO, creating a buyer's market for this price range. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 3207, Austin TX 78701, with an adjusted value of $511,001; a strong comparable. 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