70 Rainey ST # 2306, Austin TX 78701

The market data from 7 similar recent sales in 70 RAINEY points to a value of approximately $1,938,000. To sell within a reasonable timeframe at fair market value, the $2,224,000 to $2,227,000 range is where I'd position this. In the current 70 RAINEY market with 7 similar homes available, this price represents 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. In 78701, home values have fallen approximately 23.9% over the past 6 months. One of the strongest data points is 44 East Ave # 4603, Austin TX 78701, adjusting to $2,227,490; 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