70 Rainey ST # 1605, Austin TX 78701

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $477,726. Pricing this home between $679,000 and $704,000 would put it in the competitive sweet spot for 70 RAINEY. This home's position in the current 70 RAINEY market: the most affordable of 7 comparable homes on the market among comparable properties. Having a pool is a plus; 4 of the 7 comps lacked one. The smaller lot (0.00 acres versus the area average of 0.11) contributes to 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 12.3% over the last half year. The closest comparable sale, 222 West Ave # 1312, Austin TX 78701 at an adjusted $482,761, is a strong comparable. The comp data here (7 sales in 70 RAINEY) 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