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54 Rainey St #322, Austin, TX 78701
$750,000 -$89,000 (-10.61%) Price Reduced
54 Rainey St #322, Austin, TX 78701View this property at 54 Rainey St #322, Austin, TX 78701
54 Rainey St #322AustinTX78701
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Property 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 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.
Full Property Details
Full Property Details for 54 Rainey St #322
General
- Price: $750,000
- HOA FEE: $836/month
- Taxes: $14,811 (2023)
- Status: Active
- Type: Condo
- MLS ID: 2827536
- Updated: 4/29/2024
- Added to Site: 203 day(s) ago
Interior
- Interior Features: Bookcases, Breakfast Bar, Built-in Features, Granite Counters, Entrance Foyer, High Speed Internet, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Microwave, Oven, Free-Standing Electric Range, Refrigerator, Washer/Dryer
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
- Bedroom 1: None, Main
Other Rooms
- Kitchen: Breakfast Bar, GranCnt, Main
- Laundry: Laundry Closet
Additional Information
- Shared Amenities: BBQ Pit/Grill, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Covered Parking, Fitness Center, Garage Parking, Gated, Google Fiber, High Speed Internet, Lake, Lounge, Package Service, Pool, Property Manager On-Site, Recycling Area/Center, Storage, Street Lights, Walk/Bike/Hike/Jog Trail(s
- Spa Description: Heated, Hot Tub, In Ground
- Security/Safety: Building Security, Fire Alarm, Secured Garage/Parking, Security Lights, Smoke Detector(s)
- Other Features: None
Exterior
- Exterior Features: Balcony
- Deck/Patio: Covered, Enclosed, Terrace
Parking
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Assigned, Covered, Electric Gate
Location
- Area: DT
- County: Travis
- Subdivision: Milago Condo Amd
- Driving Directions: East on Cesar Chavez, right on Red River Street, make first left, right on Rainey Street, building is on the right.
- Direction Faces: NW
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Mathews
- Middle School: O Henry
- High School: Austin
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Somerset
- Assoc. Fees Include: Common Area Maintenance, Trash
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Available, Internet-Fiber, Phone Available, Sewer Available, Water Available
Structural Information
- Exterior Const.: Brick, Stucco
- Foundation: Combination
- Roof: Concrete
- Windows: Window Coverings
- Disability Access: None
- Square Feet: 1,212
- Living Area: 1,212 Sq. Ft.
- Year Built: 2005
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Park/Greenbelt
- Lot Size (Acres): 0.007
- Lot Size (Sq. Ft.): 304.92
- Lot Features: Back to Park/Greenbelt
- Lot Description: Back to Park/Greenbelt
- Fencing (Description): Privacy
Water Features
- Water Front: Yes
- Water Front Name: Lady Bird Lake
- Water Front View: River Front
Financial Considerations
- Lot Price Per Sq. Ft.: $2,459.66
- Association Fee: $836
- Assoc Fee Freq.: Monthly
- Tax Amount: $14,811.92
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: Condo Docs Available, Deed Restrictions
- Restrictions: Deed Restrictions
- Property ID: 2030312240000
Listed by Gottesman Residential R.E.
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Schools
Schools serving 54 Rainey St #322
School District:Austin Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
906 W Lynn St, Austin, TX 78703 | PK-6 | 1.9 mi | |
2610 W 10th St, Austin, TX 78703 | 6-8 | 2.9 mi | |
1715 W Cesar Chavez St, Austin, TX 78703 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 54 Rainey St #322
Date
Details
Price
Change
Source
4/29/2024
Price Reduced
$750,000
-10.61%
MLS
10/11/2023
Listed
$839,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 54 Rainey St #322
Year
Property Taxes
Change
Tax Assessment
Change
2022
$9,837
—
$750,000
-6%
2022
$9,837
-1%
$798,009
18%
2021
$9,968
-32%
$675,028
3%
2020
$14,577
4%
$654,646
1%
2020
$14,041
-2%
$649,745
10%
2019
$14,272
15%
$590,677
-2%
2016
$12,377
-8%
$603,840
9%
2017
$13,466
12%
$555,000
6%
2015
$12,013
—
$523,215
3%
2014
$12,067
5%
$507,047
9%
2013
$11,450
—
$464,831
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 54 Rainey St #322
54 Rainey St #322, Austin, TX 78701 (MLS# 2827536) is a Condo property with 2 bedrooms and 2 full bathrooms. 54 Rainey St #322 is currently listed for $750,000 and was received on October 11, 2023. Want to learn more about 54 Rainey St #322? Do you have questions about finding other Condo real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.