tomo logo

$799,900

Beds
2
Baths
2.0
sq ft
1,164

54 Rainey St Unit 1212, Austin, TX 78701

54 Rainey St Unit 1212

Austin, TX 78701

  • 25 days on market
This sought after and rarely available 2 bedroom, 2 bath Milago condo on popular Rainey St. offers urban living with premier lake and downtown views, modern finishes, abundant building amenities and convenient location close to restaurants and entertainment ... not to mention that it sits on the banks of Lady Bird Lake and Trail. The spacious modern open kitchen, living areas and bedrooms have wood floors and operable windows that flood each room with natural light and overlook Lady Bird Lake, Downtown Austin and the Hill Country. Experience the best of what downtown Austin living has to offer! Milago is special because it is surrounded with lush greenery and feels as though you are living in a park right out the back door blending the tranquility of nature with the conveniences of modern living. Two premium parking spaces and a storage unit are included. Enjoy all the building amenities including 24 hour concierge, 1st floor lounge and outdoor patio, rooftop pool, spa & grilling stations, 2nd floor fitness center and club room. This is truly an Amazing location in Downtown Austin and this particular condo with its spectacular panoramic views is a must-see! Parking Spaces 185 and 186. Storage Unit #6.

Details

Property type

Condominium

Est. home value

$845,140

Lot size

291.85 sq ft

Price per sq ft

$688

Year built

2005

Annual property taxes

$15,996.69

Monthly HOA fee

$900

Price History

02/06/2025
Austin

Austin #8357133

Listed
$799,900

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Curbs, Fitness Center, Lake, Park, Pool, Street Lights

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

$340,033
Asking price
$799,900
Closing costs (~8% of asking)
-$63,992
Est. remaining loan balance
-$395,875
Cash to seller
$340,033

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

March 2022

Original loan amount

$420,000

Est. remaining balance

$395,875

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Norman E Ross and Barbara G Ross

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?

Status: Active

Tomo last checked: 03/03/2025 at 10:55 PM

Listing updated: 02/15/2025 at 3:05 PM

Listed by: Joanne Flynn, Lux Haus Realty Phone #: (512) 770-6300

MLS: Austin #8357133

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