70 Rainey ST # 2801, Austin TX 78701

Off Market

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Ed's Opinion of Value

$1,859,222 Ed's Estimate: $2,714,398 $3,376,472

Lowest Comp Recommended List: $2,283,000 to $2,293,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,714,398. To generate strong buyer interest while maximizing value, I'd price this between $2,283,000 and $2,293,000. In the current 70 RAINEY RESIDENCES market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. At 235 sqft larger than the typical comp, the size difference factors into the valuation. The 2018 construction puts this home 7 years newer than the comp average, a factor in the pricing. The 3 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

$577,798 Median Sold Price ▼ 23% 6mo

$661/sqft Median $/SqFt ▼ 0.8% 6mo

122 days Avg Days on Market 13 days slower

241 homes Active Inventory 14.5 mo supply

94.7% Sale-to-List Ratio

100 Sales (6 months)

Recently Sold Comparables

$1,859,222 adjusted 501 West Ave # 2001, Austin TX 78701 3bd / 3.0ba • 2,517 sqft • 1 mi Sold 3 months ago

$3,011,346 adjusted 200 Congress Ave, Austin TX 78701 3bd / 3.0ba • 2,689 sqft • 0.6 mi Sold 4 months ago

$3,376,472 adjusted 200 Congress Ave # 48Y, Austin TX 78701 3bd / 4.0ba • 2,642 sqft • 0.5 mi Sold 3 months ago

Currently on Market

$2,650,000 501 West Ave # 3602, Austin TX 78701 3bd / 4.0ba • 2,849 sqft • 1 mi 77 days on market

$2,800,000 501 West Ave # 3403, Austin TX 78701 3bd / 4.0ba • 2,822 sqft • 1 mi 1 days on market

$2,230,000 501 West Ave # 2303, Austin TX 78701 3bd / 4.0ba • 2,822 sqft • 1 mi 59 days on market

3 Beds

3 Baths 3 Full

2,851 Sq Ft

2018 Built

2 Garage

About This Property

Occupying the entire Southern end of the 28th floor, this superbly designed residence offers panoramic views East, South and West down Lady Bird Lake and beyond. Ample living room space for entertaining complemented by the 26' balcony. A spacious den provides home office workspace. The main bedroom features a sumptuous bathroom suite in Carrera marble. Residents enjoy a lushly landscaped elevated garden among the 11th floor amenities including a dramatic infinity pool, lounge, fitness center, theater and more.

Features

Kitchen Island
Open Floorplan
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 Central Air

Heating Central

Exterior Balcony

County Travis

MLS # 1033203

Parking

Garage 2 spaces

HOA & Community

HOA Fee $2,112 /Monthly

HOA Includes Common Area Maintenance, Landscaping, Maintenance Structure, Parking, Trash

Tax Information

Annual Taxes $39,636 (2021)

Listing History

MLS# 1033203 40 days

Oct 5, 2021	Off Market
Aug 23, 2021	Listed		$3,300,000

Frequently Asked Questions About 70 Rainey ST # 2801, Austin TX 78701

When was 70 Rainey ST # 2801, Austin TX 78701 built?

70 Rainey ST # 2801, Austin TX 78701 was built in 2018.

How much does 70 Rainey ST # 2801, Austin TX 78701 cost?

70 Rainey ST # 2801, Austin TX 78701 is currently off market.

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$2,500,000 4902 Pecan Springs RD, Austin TX 78723 3 bd | 3 ba

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Sep 29, 2020	Off Market
Nov 6, 2019	Listed		$2,265,000