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$450,000

Beds
1
Baths
1.0
sq ft
756

54 Rainey St Unit 415, Austin, TX 78701

54 Rainey St Unit 415

Austin, TX 78701

  • 2 days on market
Experience elevated downtown living at 54 Rainey St. #415, a beautifully renovated 1-bedroom, 1-bathroom condo. This 756-square-foot home has been thoughtfully upgraded to offer both style and comfort. The sleek kitchen features updated appliances, designer cabinetry, and stylish lighting, creating a modern space ideal for cooking and entertaining. The spa-inspired bathroom boasts a walk-in shower, enhanced by elegant tile work and contemporary fixtures, providing the perfect retreat after a day of urban exploration. Step onto your private balcony to enjoy serene views, or head to the rooftop pool to take in stunning panoramas of downtown Austin and Lady Bird Lake. The building’s exceptional amenities include a fully equipped gym, 24-hour concierge service, and impeccably maintained common areas—all complemented by some of the most affordable HOA fees in the downtown area. Situated in the heart of the vibrant Rainey Street district, this condo is steps away from Lady Bird Trail, offering easy access to biking, running, and waterfront activities. Rainey Street’s eclectic mix of restaurants, bars, and coffee shops ensures that dining and nightlife options are always close at hand. The property’s prime location provides seamless access to I-35, East Austin, South Congress, and beyond, making it a perfect choice for those seeking the ultimate urban lifestyle. Whether you're catching fireworks from the rooftop, grabbing a morning coffee, or enjoying a peaceful stroll along the trail, this home is the ideal blend of modern sophistication and Austin charm. All values are approximate and to be verified.

Details

Property type

Condominium

Est. home value

$473,751

Lot size

191.66 sq ft

Price per sq ft

$596

Year built

2005

Annual property taxes

$7,818

Monthly HOA fee

$584.4

Price History

01/20/2025
Austin

Austin #5878700

Listed
$450,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Clubhouse, Fitness Center, Lake, Park, Pool

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

$92,442
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$321,558
Cash to seller
$92,442

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

November 2021

Original loan amount

$344,250

Est. remaining balance

$321,558

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Akihito Tajima

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: 01/22/2025 at 11:15 PM

Listing updated: 01/21/2025 at 4:05 AM

Listed by: Anthony Gibson, Keller Williams Realty Phone #: (512) 448-4111

MLS: Austin #5878700

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