54 Rainey Street, Unit 322

Austin, TX 78701

$839,000
Price
2
Beds
2
Baths
1,212 Sq. Ft.
$692 / Sq. Ft.
1,212
Sq. Ft.
$692
per Sq. Ft.

Description

First time to market! Rare northwest corner two bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought after combination of serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful...First time to market! Rare northwest corner two bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought after combination of serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful updates to closets, lighting, windows treatments, plumbing, electric, HVAC, AV, and more. With none of the maintenance issues to worry about, the new owner can focus on the tranquil setting, park and lake, and enjoyment of the private terrace that leads out to the main terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather in the privacy of your terrace. The Milago Condominiums building is adjacent to Lady Bird Lake and the acclaimed Anna and Roy Butler Hike-and-Bike Trail. Building amenities are robust and include a full time, on-site manager, 24/7 concierge, furnished lobby, first floor terrace and WiFi lounge, bicycle storage, third floor terrace with seating and BBQ area, fitness center, club room, and rooftop pool and hot tub with additional grilling area. Emma S. Barrientos Mexican American Cultural Center expansion and the Waller Beach at Town Lake Metropolitan Park are set to finalize in Q1/Q2 2025 and will add tremendous value and beauty to the view and the property.
  1. Listed by Anna Anami Hardeman • TREC #0510541 • Gottesman Residential R.E. • (512) 451-2422

Property Details for 54 Rainey Street, Unit 322

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
River Front
Water Access Description
River Front
View
Park/Greenbelt
View YN
Yes
Parcel Number
02030312240000
Tax Lot
322

Location

Listing Courtesy of Gottesman Residential R.E., Anna Anami Hardeman, TREC #0510541
Add your commute
LISTING UPDATED: 10/11/2023 09:35 AM

Property Details for 54 Rainey Street, Unit 322

StatusActive
MLS #2827536
Days on Market200
Taxes$14,812 / year
HOA Fees$836 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyTravis County

Location

Listing Courtesy of Gottesman Residential R.E., Anna Anami Hardeman, TREC #0510541
Add your commute

Building Information for 54 Rainey Street, Unit 322

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

Payment Calculator

$6,649 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,579

Property Taxes

$1,234

HOA Dues

$836

The Payment Calculator is for illustrative purposes only.

Property Information for 54 Rainey Street, Unit 322

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Assigned, Electric Gate, Covered, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Bookcases, Built-in Features, Entrance Foyer, Granite Counters, Main Level Master, No Interior Steps, Open Floorplan, Walk-In Closet(s), High Speed Internet
  • Flooring: Wood
Exterior
  • Exterior Features: Balcony
  • New Construction: No
  • Construction Materials: Brick, Stucco
  • Foundation Details: Combination
  • Patio And Porch Features: Covered, Enclosed, Terrace, Balcony
  • Water Body Name: Lady Bird Lake
  • Roof: Concrete
  • Fencing: Privacy
  • Direction Faces: Northwest
  • Window Features: Window Coverings
  • Accessibility Features: None
  • Community Features: Barbecue, Bar/Lounge, Concierge, Common Grounds/Area, Community Mailbox, Conference/Meeting Room, Fitness Center, Gated, Internet Access, Lake, Package Service, Property Manager On-Site, Pool, Storage Facilities, Street Lights, Trails/Paths
Property Information
Lot Information
  • Lot Features: Backs to Greenbelt/Park
  • Horse: No
  • Horse Amenities: None
Location Information
  • Builder Name: Fairfield
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Fiber Optic Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
Room Information
Room 1
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Features: Granite Counters, Bath in Primary Bedroom
Room 2
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Breakfast Bar, Granite Counters
Room 3
  • Room Type: Bedroom
  • Room Level: Main
  • Room Features: None
Room 4
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Features: Bath in Primary Bedroom, Walk-In Closet(s)
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Unit 4
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Name: Somerset
  • Association Fee Includes: Common Area Maintenance, Trash
  • Association Amenities: Concierge
  • Tax Assessed Value: $750,000
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.97%
Showing Information
Showing Information
  • Security Features: Building Security, Fire Alarm, Secured Garage/Parking, Smoke Detector(s), Security Lights
  • Directions: East on Cesar Chavez, right on Red River Street, make first left, right on Rainey Street, building is on the right.

Property History for 54 Rainey Street, Unit 322

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 322

Taxable ValueLand$228,075Additions$521,925Total$750,000
Tax Record2022$9,837 ($820 / month)
Home Facts
Beds2Total Finished SqFt1,212 SqFtAbove Grade Finished SqFt1,212 SqFtStories1Lot Size305 SqFtStyleCondominiumYear Built2005CountyTRAVISAPN0203031224

Schools near 54 Rainey Street, Unit 322

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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54 Rainey Street, Unit 322 is a condo for sale in Austin, TX 78701. This property was listed for sale on October 11, 2023 by Gottesman Residential R.E., it's currently listed at $839,000. This listing's school district is Austin Independent School District. Nearby schools include Mathews Elementary School, Phoenix Academy and Austin High School. 54 Rainey Street, Unit 322 is a 2-bed, 2-bath, 1,212 sqft condo built in 2005.

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. 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.

Listing Courtesy of Gottesman Residential R.E., Anna Anami Hardeman, TREC #0510541

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.