70 Rainey ST # 1903, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $324,991. To generate strong buyer interest while maximizing value, I'd price this between $380,000 and $407,000. Against 6 similar active listings in 70 RAINEY, this price point lands at the 3rd most expensive of 6 comparable homes on the market. The 125 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.00 acres, the lot is smaller than the 2.57 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in 70 RAINEY, listed between $325,000 and $450,000. The trend in 78701 shows prices have fallen 26.2% in the past 6 months. 2505 Thornton RD # 3302, Austin TX 78704 nearby adjusts to $253,708; a strong comparable. 3 comparable transactions in 70 RAINEY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group