70 Rainey # 2009, Austin TX 78701

Austin, TX 78701 | 70 Rainey | Built by Flintco

Off Market

Exterior view of 70 Rainey # 2009, Austin TX 78701

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Ed's Opinion of Value

$417,513 Ed's Estimate: $472,313 $660,000

Lowest Comp Recommended List: $324,000 to $334,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $472,313. For a well positioned listing in 70 RAINEY, I'd target the $324,000 to $334,000 range. Against 7 similar active listings in 70 RAINEY, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Current inventory shows 7 comparable homes in 70 RAINEY; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 48 East Ave # 1207, Austin TX 78701, with an adjusted value of $417,513; 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

78701 Market Trends

$569,548 Median Sold Price ▼ 24.1% 6mo

$643/sqft Median $/SqFt ▼ 3.6% 6mo

120 days Avg Days on Market 9 days slower

241 homes Active Inventory 14.8 mo supply

94.7% Sale-to-List Ratio

98 Sales (6 months)

Recently Sold Comparables

$417,513 adjusted 48 East Ave # 1207, Austin TX 78701 1bd / 1.0ba • 699 sqft • 0.2 mi Sold 25 days ago

$438,756 adjusted 48 E Unit 1806 Ave, Austin TX 78701 1bd / 1.0ba • 740 sqft • 0.1 mi Sold 23 days ago

$474,634 adjusted 48 East Ave # 1605, Austin TX 78701 1bd / 1.0ba • 706 sqft • 0.1 mi Sold 6 months ago

$624,697 adjusted 301 West Ave # 4208, Austin TX 78701 1bd / 1.0ba • 727 sqft • 1 mi Sold 7 days ago

$426,513 adjusted 48 East Ave # 1607, Austin TX 78701 1bd / 1.0ba • 699 sqft • 0.1 mi Sold 1 months ago

Currently on Market

$660,000 48 East Ave # 1305, Austin TX 78701 1bd / 1.0ba • 706 sqft • 0.1 mi 743 days on market

$519,900 48 East Ave # 3005, Austin TX 78701 1bd / 1.0ba • 706 sqft • 0.2 mi 1 days on market

$535,000 48 East Ave # 2405, Austin TX 78701 1bd / 1.0ba • 706 sqft • 0.1 mi 95 days on market

1 Beds

1 Baths 1 Full

718 Sq Ft

2019 Built

1 Garage

About This Property

Last remaining A1 unit! Perched on the 20th floor with dramatic Western views from the balcony. Unit features striking white cabinetry in the kitchen, Miele appliances and handsome dark wood floors. Set in one of Austin's most eclectic neighborhoods, 70 Rainey is comprised of 164 residences & over 31,000sqft of indoor+outdoor resort-style amenities. Experience the Rainey lifestyle while taking in the serene environment steps from Lady Bird Lake and the Hike & Bike Trail.Restrictions: Yes

Features

High Ceilings
No Interior Steps
Primary Bedroom on Main

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Tile, Wood

Cooling Evaporative Cooling

Heating Electric

Exterior Balcony

County Travis

MLS # 3131374

Parking

Garage 1 spaces

HOA & Community

HOA Fee $418 /Monthly

HOA Includes Common Area Maintenance, Gas, Insurance, Maintenance Structure, Trash

Tax Information

Annual Taxes $2,288 (2019)

Listing History

MLS# 3131374 13 days

Oct 15, 2020	Off Market
Sep 21, 2020	Pending
Sep 8, 2020	Listed	$595,773

Frequently Asked Questions About 70 Rainey # 2009, Austin TX 78701

When was 70 Rainey # 2009, Austin TX 78701 built?

70 Rainey # 2009, Austin TX 78701 was built in 2019.

How much does 70 Rainey # 2009, Austin TX 78701 cost?

70 Rainey # 2009, Austin TX 78701 sold on October 15, 2020. Contact us for sale price details.

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