tomo logo

$599,000

Beds
2
Baths
2.0
sq ft
1,164

54 Rainey St Unit 518, Austin, TX 78701

54 Rainey St Unit 518

Austin, TX 78701

  • 118 days on market
    • Price drop $31,000↓
A corner unit looking out at the trees of Lady Bird Lake with downtown views. Own at The Milago; Rainey Street District's most private condo building closest to Lady Bird Lake + the 10-mile gem of our city, Butler Trail. The building has unobstructed views + trail access unlike any other downtown. The Milago sits along the residential portion of Rainey. Enjoy the serenity of nature along the trail while being a stroll away from all the famous hotels, restaurants, + bars the Historical Rainey Street District has to offer. This rare corner unit layout w/ abundant natural light includes a storage unit, 2 parking spaces, balcony, 75” mounted TV, electronic-smart Shade Store blinds at every window, + custom back out curtains. A must see!

Details

Property type

Condominium

Est. home value

$697,446

Lot size

304.92 sq ft

Price per sq ft

$515

Year built

2006

Annual property taxes

$11,070

Monthly HOA fee

$804

Price History

10/08/2024
Austin

Austin #4169186

Price change
$599,000
-4.92%
09/09/2024
Austin

Austin #4169186

Price change
$630,000
-1.56%
09/03/2024
Austin

Austin #4169186

Price change
$640,000
-1.54%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Clubhouse, Fitness Center, Gated, 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

$110,449
Asking price
$599,000
Closing costs (~8% of asking)
-$47,920
Est. remaining loan balance
-$440,631
Cash to seller
$110,449

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

Seller’s Loan History

Lender

Leonpeople Llc

Loan start date

September 2021

Original loan amount

$502,942

Est. remaining balance

$440,631

Interest rate

2.77%

Loan type

New Conventional, 20 year

Seller

Cole Heffernan and Brittney Heffernan

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: 11/22/2024 at 12:15 PM

Listing updated: 11/02/2024 at 8:47 AM

Listed by: David Brodsky, Brodsky Properties Phone #: (512) 481-8811

MLS: Austin #4169186

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