54 Rainey ST # 807, Austin TX 78701

My analysis of 6 comparable properties puts this home's estimated value at $624,023. Based on how the local market is moving, a list price between $528,000 and $538,000 would position this home well. This home's position in the current MILAGO CONDO market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. Current inventory shows 7 comparable homes in MILAGO CONDO; a buyer's market based on recent absorption. The 6 month price trend in 78701: fallen 24.1%. The best comp here is 603 Davis ST # 703, Austin TX 78701 at an adjusted value of $482,202, a strong comparable. The comp data here (6 sales in MILAGO CONDO) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus