54 Rainey Street, Unit 1209

Austin, TX 78701

$650,000
Last List Price
2
Beds
2
Baths
1,164 Sq. Ft.
$558 / Sq. Ft.
1,164
Sq. Ft.
$558
per Sq. Ft.

Description

Investor alert & motivated seller! Milago Residence No. 1209 represents one of the best resale values & investment opportunities in all of Downtown Austin, and is priced significantly less than the average downtown price per SF at $537 per SF! In addition, Milago is one of the few existing buildings without a waitlist to lease…there are a handful of lease permits available now (to be confirmed with management)! Milago is one of downtown Austin's best kept secrets & the only building immediately adjacent...Investor alert & motivated seller! Milago Residence No. 1209 represents one of the best resale values & investment opportunities in all of Downtown Austin, and is priced significantly less than the average downtown price per SF at $537 per SF! In addition, Milago is one of the few existing buildings without a waitlist to lease…there are a handful of lease permits available now (to be confirmed with management)! Milago is one of downtown Austin's best kept secrets & the only building immediately adjacent to Austin’s coveted Lady Bird Lake Hike-&-Bike Trail » Enjoy urban living access to Hike-and-Bike Trail, MACC plaza & neighboring park, 3 semi-private backyards that inc. 1st floor terrace adjacent to trail, 3rd floor terrace w/ lounge area & grill & rooftop terrace replete w/ pool, hot tub & outdoor cooking. Also enjoy your private terrace w/ views of the Rainey Neighborhood & treetop views of the East Side » Additional amenities inc. 24/7 concierge, state-of-the-art exercise facility overlooking Lady Bird Lake, club room, guest parking & 2 reserved parking spaces » Interior Amenities include: 2 Bedrooms, 2 Full Bathrooms, Walnut Floors, Granite Countertops & Island, Custom Backsplash, Owner Suite w/ Private Bath including Separate Shower & Tub, Operable Windows, Solar Shades & much more » Enjoy the best of both worlds...live downtown but away from the hustle & bustle. Don’t miss your opportunity to lease today and find the best resale value in downtown Austin!
  1. Listed by Bryan Cady • TREC #0526188 • DEN Property Group • (512) 222-3364
  2. Listed by Emily Lottman • TREC #0664915 • DEN Property Group

Property Details for 54 Rainey Street, Unit 1209

Subdivision Name
Milago Condo Amd
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
City
View YN
Yes
Parcel Number
02030314150000
Tax Lot
1209

Location

Listing Courtesy of DEN Property Group, Bryan Cady, TREC #0526188; DEN Property Group, Emily Lottman, TREC #0664915

Sold By Womack Real Estate LLC, Sherene Mayner, TREC #0643368

Add your commute
LISTING UPDATED: 08/21/2023 04:05 PM

Property Details for 54 Rainey Street, Unit 1209

StatusClosed
MLS #4906928
Days on Market94
Taxes$13,368 / year
HOA Fees$676 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County

Location

Listing Courtesy of DEN Property Group, Bryan Cady, TREC #0526188; DEN Property Group, Emily Lottman, TREC #0664915

Sold By Womack Real Estate LLC, Sherene Mayner, TREC #0643368

Add your commute

Building Information for 54 Rainey Street, Unit 1209

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

Payment Calculator

$5,337 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$1,114

HOA Dues

$676

The Payment Calculator is for illustrative purposes only.

Property Information for 54 Rainey Street, Unit 1209

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Assigned, Electric Gate, Covered, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Elevator, Granite Counters, High Ceilings, Kitchen Island, Main Level Master, Multiple Primary Suites, No Interior Steps, Soaking Tub, Track Lighting, Walk-In Closet(s), High Speed Internet
  • Flooring: Tile, Wood
Exterior
  • Exterior Features: Balcony, Barbecue, Gas Grill
  • New Construction: No
  • Construction Materials: Brick, Stucco
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio, Terrace, Balcony
  • Roof: Membrane
  • Fencing: None
  • Direction Faces: East
  • Window Features: Insulated Windows, Window Treatments
  • Accessibility Features: None
  • Community Features: Barbecue, Bar/Lounge, Bicycle Storage, Concierge, Common Grounds/Area, Community Mailbox, Conference/Meeting Room, Fitness Center, Internet Access, Laundry Service, Maintenance On-Site, Package Service, Pool, Sidewalks, Trails/Paths, Curbs
Property Information
Lot Information
  • Lot Features: Near Public Transit, Trees Large Size, Views
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public
Green Features
  • Green Energy Efficient: Windows
Room Information
Room 1
  • Room Type: Bedroom
  • Room Level: Main
  • Room Features: Bookcases, Ceiling Fan(s), Storage, Soaking Tub, Walk-In Closet(s)
  • Room Description: Consider the possibilities: a secondary bedroom with built-in storage and a spacious walk-in closet that might be converted into an office.
Room 2
  • Room Type: Living Room
  • Room Level: Main
  • Room Features: Ceiling Fan(s), High Ceilings
  • Room Description: This condo unit's initial impression is of a pleasant living area with city views from the expansive 8' windows, light space, glass patio/balcony doors and an open floor layout suitable for entertaining and close-knit day-to-day life.
Room 3
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Features: Double Vanity, Granite Counters, Garden Tub/Roman Tub, Bath in Primary Bedroom, Separate Shower, Walk-In Closet(s)
  • Room Description: The main bathroom is spacious and classy, with plenty of storage and an enclosed standing shower with contemporary tiling and oversized contoured oval soaking tubs.
Room 4
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Granite Counters, High Ceilings, Kitchen Island, Kitchen/Family Room Combo, Track Lighting
  • Room Description: With an open floor plan, plenty of natural light, and a kitchen island, you can entertain in elegance. The kitchen includes stainless steel appliance package with GE® Fridge, GE® 30" free-standing electric range, GE Spacemaker® microwave oven and GE® Energy Star built-in dishwasher.
Room 5
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Features: Ceiling Fan(s), High Ceilings, Bath in Primary Bedroom, Walk-In Closet(s)
  • Room Description: Natural light pours in via enlarged windows in the main suite, and the brilliant blue sky outside, along with the city view, makes each room into a tranquil haven. Beautiful hardwood flooring and beam elements offer warmth, allowing you to make this place a hideaway inside your house.
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Unit 4
  • Permission: IDX
Unit 5
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Name: Milago HOA
  • Association Fee Includes: Common Area Maintenance, Maintenance Grounds, Trash
  • Association Amenities: Concierge
  • Tax Assessed Value: $558,318
  • Additional Parcels: No
  • Tax Year: 2022
  • Tax Rate: 2.18%
Showing Information
Showing Information
  • Security Features: Building Security, Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Secured Garage/Parking, Key Card Entry, Smoke Detector(s), Controlled Access
  • Directions: From 35 & Holly, Head West on Holly, Turn left on Rainey Street. Milago Building on your Right. Guest Parking is available on a first-come first serve basis. If parking in Guest Parking you must check in with Front Desk for a permit.

Property History for 54 Rainey Street, Unit 1209

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 54 Rainey Street, Unit 1209

Taxable ValueLand$219,150Additions$501,718Total$720,868
Tax Record2022$9,090 ($757 / month)
Home Facts
Beds2Total Finished SqFt1,164 SqFtAbove Grade Finished SqFt1,164 SqFtStories1Lot Size292 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN0203031415

Schools near 54 Rainey Street, Unit 1209

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 8 to 12
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Mathews Elementary School
PublicPK to 6

Phoenix Academy
Public8 to 12

Austin High School
Public9 to 12

Metz Elementary School
PublicPK to 5

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DEN Property Group, Bryan Cady, TREC #0526188; DEN Property Group, Emily Lottman, TREC #0664915

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© 2024 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”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.