54 Rainey ST # 311, Austin TX 78701

Austin, TX 78701 | Milago Condo | Built by Fairfield

Ed's Opinion of Value

$407,003 Ed's Estimate: $508,023 $600,000
Lowest Comp Recommended List: $593,000 to $623,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $508,023. For a well positioned listing in MILAGO CONDO, I'd target the $593,000 to $623,000 range. With 4 comparable homes on the market in MILAGO CONDO, this price positions the property as the most affordable of 4 comparable homes on the market. 4 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 28.9% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 2906, Austin TX 78701, with an adjusted value of $407,003; 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
1 Beds
1 Baths 1 Full
756 Sq Ft
0.0044 Acres
2005 Built
1 Garage

About This Property

Best value for the dollar in DT Austin. The Milago is directly on the shore of Lady Bird Lake with access points for your paddleboard/kayak and immediate access to the trail The bars/restaurants of Rainey Street are right down the way and a Royal Blue across the street. The HOA is financially healthy and continues to invest in top notch amenities: rooftop pool, gym, terrace w grilling area (also on 3rd floor), co-working space to host events. Gated garage with a reserved parking spot. 24/7 conciergeFEMA - Unknown

Features

  • Breakfast Bar
  • No Interior Steps
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential Lease
Flooring Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony, Elevator
County Travis
MLS # 9818577

Parking

Garage 1 spaces

HOA & Community

HOA Fee $347 /Monthly
HOA Includes Common Area Maintenance

Tax Information

Annual Taxes $6,694 (2017)

Listing History

MLS# 9818577 43 days
May 15, 2023 Off Market
Mar 29, 2023 Listed $2,500
Aug 13, 2018 Price Change $2,095

Frequently Asked Questions About 54 Rainey ST # 311, Austin TX 78701

When was 54 Rainey ST # 311, Austin TX 78701 built?

54 Rainey ST # 311, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 311, Austin TX 78701 cost?

54 Rainey ST # 311, Austin TX 78701 sold on May 15, 2023. Contact us for sale price details.

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