70 Rainey ST # 1604, Austin TX 78701

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,061,995. I'd recommend coming to market at $615,000 to $625,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 70 RAINEY RESIDENCES, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 0.00 acre lot (smaller than the 0.07 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in 70 RAINEY RESIDENCES, ranging from $585,000 to $1,350,000. The trend in 78701 shows prices have fallen 7.7% in the past 6 months. 301 West Ave # 5002, Austin TX 78701 nearby adjusts to $1,117,466; a strong comparable. Based on 7 relevant data points in 70 RAINEY RESIDENCES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX