54 Rainey St, Unit 513

$620,000
Last List Price
2
Beds
1,164 Sq. Ft.
$533 / Sq. Ft.
1,164
Sq. Ft.
$533
per Sq. Ft.

Description

*Least expensive 2-bedroom in the building!* Amazing value in this 2 bed/2 bath condo on Rainey ST Downtown! This unit boasts a great layout: primary bedroom features a large ensuite bathroom + walk in closet; kitchen, dining, and living room are all open to each other which creates a spacious feel and provides flexibility in how you use the space; secondary bedroom with it's own full bathroom, plus a covered patio to boot! Efficient use of space with plenty of storage. Great amenities including...*Least expensive 2-bedroom in the building!* Amazing value in this 2 bed/2 bath condo on Rainey ST Downtown! This unit boasts a great layout: primary bedroom features a large ensuite bathroom + walk in closet; kitchen, dining, and living room are all open to each other which creates a spacious feel and provides flexibility in how you use the space; secondary bedroom with it's own full bathroom, plus a covered patio to boot! Efficient use of space with plenty of storage. Great amenities including roof top pool and hot tub, workout room, party space and multiple indoor/outdoor lounge areas. Incredible location on the south end of Rainey Street, just steps from the Hike & Bike Trail. Easy access to all the action on Rainey, the East Side and Downtown, multiple restaurants and shops including Royal Blue Grocery directly across the street! Assigned parking spaces are A68 and A60.

Listing Agent

  1. Adam Zell

    Adam Zell

    Listing Agent

    Compass

    TREC #0602113

    adam.zell@compass.com

    P: (512)-820-4918

Property Details for 54 Rainey Street, Unit 513

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
River Front
Water Access Description
Public
View
City
View YN
Yes
Parcel Number
02030312610000
Tax Lot
513
LISTING UPDATED: 12/31/2024 06:50 AM

Property Details for 54 Rainey Street, Unit 513

StatusClosed
MLS #1594185
Days on Market361
Taxes$11,131 / year
HOA Fees$804 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County

Location

Sold By Metro 512 Realty, Gary DePinto, TREC #0613260

Add your commute

Building Information for 54 Rainey Street, Unit 513

Building/Complex54 Rainey StFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built2005

Payment Calculator

$4,980 per month

30 year fixed, 6.845% Interest

Principal and Interest

$3,248

Property Taxes

$928

HOA Dues

$804

The Payment Calculator is for illustrative purposes only.

Property Information for 54 Rainey Street, Unit 513

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Assigned, Garage, Covered, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Double Vanity, Eat In Kitchen, Granite Counters, In Law Floorplan, Kitchen Island, Main Level Master, Multiple Primary Suites, No Interior Steps, Walk In Closets
  • Flooring: Carpet, Tile, Wood
  • Appliances: Cooktop, Dryer, Dishwasher, Disposal, Microwave, Oven, Washer
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: LaundryCloset, WasherHookup, ElectricDryerHookup
  • Restrictions: SeeRemarks
Exterior
  • Exterior Features: Outdoor Grill
  • New Construction: No
  • Construction Materials: Masonry
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio
  • Water Body Name: Lady Bird Lake
  • Roof: Composition
  • Fencing: None
  • Direction Faces: East
  • Window Features: Blinds
  • Accessibility Features: None
  • Community Features: Barbecue, Business Center, Bicycle Storage, Concierge, Community Mailbox, Courtyard, Gated, Pool, Trails Paths
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: None
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
Room Information
Room 1
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: BreakfastArea, DiningArea, EatInKitchen, GraniteCounters, HighCeilings, KitchenIsland, KitchenFamilyRoomCombo, TrackLighting
Room 2
  • Room Type: PrimaryBathroom
  • Room Level: Main
  • Room Features: DoubleVanity, EnSuiteBathroom, GraniteCounters, WalkInShower
Room 3
  • Room Type: PrimaryBedroom
  • Room Level: Main
  • Room Features: CeilingFans, CofferedCeilings, EnSuiteBathroom, WalkInClosets
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Name: Milago Homeowners Association
  • Association Fee Includes: CommonAreaMaintenance, Security
  • Association Amenities: Concierge
  • Tax Assessed Value: $563,598
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.97%
Showing Information
Showing Information
  • Security Features: Building Security, Secured Garage/Parking, 24 Hour Security, Key Card Entry, Smoke Detector(s)
  • Directions: From I-35, exit 234A. Turn right onto River St. At the traffic circle, take the 3rd exit to Rainey St.

Property History for 54 Rainey Street, Unit 513

DateEvent & SourcePriceAppreciationLink
Dec 31, 2024

Sold

ACTRIS #1594185

Dec 31, 2024

Active Under Contract

ACTRIS #1594185

Dec 30, 2024

Sold

ACTRIS #1594185

Dec 27, 2024

Pending

ACTRIS #1594185

Dec 26, 2024

Pending

ACTRIS #1594185

$539,000
Jan 4, 2024

Listed (Active)

ACTRIS #1594185

$620,000
DateEvent & SourcePrice
12/31/2024

Sold

ACTRIS #1594185

12/31/2024

Active Under Contract

ACTRIS #1594185

12/30/2024

Sold

ACTRIS #1594185

12/27/2024

Pending

ACTRIS #1594185

12/26/2024

Pending

ACTRIS #1594185

$539,000
01/04/2024

Listed (Active)

ACTRIS #1594185

$620,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 54 Rainey Street, Unit 513

Taxable ValueLand$219,150Additions$285,850Total$505,000
Home Facts
Beds2Total Finished SqFt1,164 SqFtAbove Grade Finished SqFt1,164 SqFtStories1Lot Size292 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN0203031261

Schools near 54 Rainey Street, Unit 513

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - 3
Rating
School
Distance
Mathews Elementary School
PublicPK to 6

O Henry Middle School
Public6 to 8

Austin High School
Public9 to 12

Daep- El
Public3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2025] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.