70 Rainey ST # 3103, Austin TX 78701

Austin, TX 78701 | 70 Rainey | Built by Flint Co

Off Market

Exterior view of 70 Rainey ST # 3103, Austin TX 78701

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Ed's Opinion of Value

$397,962 Ed's Estimate: $456,875 $602,842

Lowest Comp Recommended List: $538,000 to $560,000 Highest Comp

The market data from 7 similar recent sales in 70 RAINEY points to a value of approximately $456,875. To sell within a reasonable timeframe at fair market value, the $538,000 to $560,000 range is where I'd position this. Against 7 similar active listings in 70 RAINEY, this price point lands at the 3rd 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% over the past 6 months. One of the strongest data points is 48 E East Ave # 3203, Austin TX 78701, adjusting to $438,626; 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

78701 Market Trends

$577,798 Median Sold Price ▼ 23% 6mo

$661/sqft Median $/SqFt ▼ 0.8% 6mo

122 days Avg Days on Market 11 days slower

238 homes Active Inventory 14.3 mo supply

94.7% Sale-to-List Ratio

100 Sales (6 months)

Recently Sold Comparables

$438,626 adjusted 48 E East Ave # 3203, Austin TX 78701 1bd / 1.0ba • 641 sqft • 0.2 mi Sold 5 days ago

$397,962 adjusted 48 East Ave # 1207, Austin TX 78701 1bd / 1.0ba • 699 sqft • 0.2 mi Sold 1 months ago

$416,743 adjusted 501 West Ave # 1406, Austin TX 78701 1bd / 1.0ba • 652 sqft • 1 mi Sold 16 days ago

$602,842 adjusted 301 West Ave # 1603, Austin TX 78701 1bd / 1.0ba • 679 sqft • 1 mi Sold 2 months ago

$445,825 adjusted 222 West Ave # 2204, Austin TX 78701 1bd / 1.0ba • 690 sqft • 1 mi Sold 1 months ago

Currently on Market

$490,000 48 East Ave # 2703, Austin TX 78701 1bd / 1.0ba • 641 sqft • 0.2 mi 428 days on market

$425,000 501 West Ave # 1306, Austin TX 78701 1bd / 1.0ba • 652 sqft • 1 mi 233 days on market

$550,000 44 East Ave # 1602, Austin TX 78701 1bd / 1.0ba • 632 sqft • 0.2 mi 63 days on market

1 Beds

1 Baths 1 Full

663 Sq Ft

2018 Built

1 Garage

About This Property

This top-selling 1 bed / 1 bath floor plan (A2) has been identified by investors and owners alike. The 31st floor features 11'10" ceiling height, stunning eastern views of Lady Bird Lake, floor-to-ceiling windows, and an inset balcony. This unit features white kitchen cabinetry, Miele appliances, and the highest quality finishes throughout. Enjoy over 31,000 square feet of indoor + outdoor resort-style amenities just steps from the Lady Bird Lake Hike & Bike Trail. Only 2 A2 Units remain.

Features

High Ceilings
High Speed Internet
Open Floorplan
Primary Bedroom on Main
Stackable W/D Connections

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 Other

Heating Electric

Exterior Balcony

County Travis

MLS # 2700699

Garage 1 spaces

HOA & Community

HOA Fee $377 /Monthly

HOA Includes Common Area Maintenance, Gas, Trash

Tax Information

Annual Taxes (MLS) $2,172 (2020)

Listing History

MLS# 2700699 15 days

Dec 28, 2020	Off Market
Dec 18, 2020	Pending
Dec 3, 2020	Listed	$618,382

Frequently Asked Questions About 70 Rainey ST # 3103, Austin TX 78701

When was 70 Rainey ST # 3103, Austin TX 78701 built?

70 Rainey ST # 3103, Austin TX 78701 was built in 2018.

How much does 70 Rainey ST # 3103, Austin TX 78701 cost?

70 Rainey ST # 3103, Austin TX 78701 sold on December 28, 2020. Contact us for sale price details.

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