70 Rainey ST # 1501, Austin TX 78701

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,618,112. Pricing this home between $1,020,000 and $1,030,000 would put it in the competitive sweet spot for 70 RAINEY. This would position the home competitively among 7 active listings in 70 RAINEY. At 201 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 7 comparable homes in 70 RAINEY; a buyer's market based on recent absorption. Market data shows 78701 prices fallen 17.8% over the last half year. The closest comparable sale, 44 East Ave # 3303, Austin TX 78701 at an adjusted $2,044,702, is a strong comparable. With 7 comparable sales in 70 RAINEY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group