54 Rainey ST # 917, Austin TX 78701

The estimated value of this property is $485,271, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $395,000 and $405,000. With 3 comparable homes on the market in MILAGO CONDO, this price positions the property as 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. Current inventory shows 3 comparable homes in MILAGO CONDO; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 23% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 3207, Austin TX 78701, with an adjusted value of $511,079; a strong comparable. Based on 5 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