54 Rainey ST # 1105, Austin TX 78701

The market data from 3 similar recent sales in MILAGO CONDO points to a value of approximately $634,400. To sell within a reasonable timeframe at fair market value, the $367,000 to $377,000 range is where I'd position this. With 7 comparable homes on the market in MILAGO CONDO, this price positions the property as the most expensive of 7 comparable homes on the market. The 2005 construction puts this home 6 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in MILAGO CONDO, creating a buyer's market for this price range. In 78701, home values have fallen approximately 24.1% over the past 6 months. One of the strongest data points is 98 San Jacinto BLVD # 701, Austin TX 78701, adjusting to $1,018,749; a strong comparable. 3 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