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$649,999

Beds
2
Baths
2.0
sq ft
1,294

54 Rainey St Unit 101, Austin, TX 78701

54 Rainey St Unit 101

Austin, TX 78701

  • 103 days on market
    • Price drop $29,901↓
Experience ultimate lakefront living in this corner unit condo at The Milago on Rainey Street. This condo boasts 2 bedrooms, 2 baths and your very own private patio where you are just steps away from Lady Bird Lake’s Hike and Bike Trail. Encompassing 1,294 square feet of living space, this corner unit offers a prime location for those seeking an active lifestyle and the convenience of downtown living. Surrounded by large, remotely operated windows enhancing a bright and airy ambiance from the natural light. The primary bedroom features an ensuite full bath with dual vanity, separate walk-in shower, and garden tub, offering a perfect retreat for relaxation and rejuvenation. Head out your back patio and step onto the trail for a run, a walk, or a bike ride, immersing yourself in over 10 miles of hike and bike trails with easy access to the Austin Rowing Club for kayak and paddleboard rentals. The downtown area and metro rail are within walking distance making commuting a breeze. Enjoy the vibrant downtown scene and eclectic dining options on Rainey Street, all just a leisurely stroll away. The condo's community amenities include a Rooftop pool and hot tub with cabanas and outdoor cooking area, well-equipped gym, conference room and 24/7 concierge. Don't miss out on this rare opportunity to own a piece of lakefront paradise in the heart of Austin!

Details

Property type

Condominium

Est. home value

$720,606

Lot size

326.7 sq ft

Price per sq ft

$503

Year built

2005

Annual property taxes

$12,329

Monthly HOA fee

$892

Price History

05/17/2024
Austin

Austin #3041559

Price change
$649,999
-4.4%
04/12/2024
Austin

Austin #3041559

Price change
$679,900
-2.73%
03/26/2024
Austin

Austin #3041559

Listed
$699,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Clubhouse, Fitness Center, Park

High school district: 

Austin ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$208,740
Asking price
$649,999
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$389,259
Cash to seller
$208,740

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

American Financial Network Inc

Loan start date

April 2021

Original loan amount

$420,000

Est. remaining balance

$389,259

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Craig Bennett

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/07/2024 at 6:00 PM

Listing updated: 06/03/2024 at 2:57 PM

Listed by: Joelle Kircher, Compass RE Texas, LLC Phone #: (512) 575-3644

MLS: Austin #3041559

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