tomo logo

$379,900

Beds
1
Baths
1.0
sq ft
756

54 Rainey St Unit 815, Austin, TX 78701

54 Rainey St Unit 815

Austin, TX 78701

  • 247 days on market
    • Price drop $20,000↓
This impeccably maintained urban condo at the Milago shows beautifully and is situated at the end of Rainey St. with easy access to Lady Bird Lake, the hike and bike trail, and numerous vibrant dining and entertainment establishments. Range, dishwasher, microwave, washer and dryer (LG Wash Tower) were all replaced within the past couple of years. HVAC was recently inspected and serviced July 2024 and has a service contract in place with Fox Service for one year. Kitchen features stainless steel appliances, ample storage space, and breakfast bar seating. Amenities in this building are top-notch including a rooftop pool, hot tub, fire pit, and large terrace area on the 3rd floor with grills and outdoor seating. Residents also enjoy 24-hour concierge service, a fitness center, clubroom, wi-fi lounge, and bike storage. Lobby area was recently updated, and pool area furniture and BBQ grills were recently replaced. Parking spot in garage is B37. Come see why this unit is the best for the price in the building!

Details

Property type

Condominium

Est. home value

$477,751

Lot size

191.66 sq ft

Price per sq ft

$503

Year built

2005

Annual property taxes

$7,931.94

Monthly HOA fee

$521.83

Price History

03/21/2025
Austin

Austin #8364796

Price change
$379,900
-5%
03/08/2025
Austin

Austin #8364796

Price change
$399,900
-5.91%
01/14/2025
Austin

Austin #8364796

Price change
$425,000
-5.56%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Fitness Center, 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

$50,629
Asking price
$379,900
Closing costs (~8% of asking)
-$30,392
Est. remaining loan balance
-$298,879
Cash to seller
$50,629

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

Seller’s Loan History

Lender

City Bank

Loan start date

September 2020

Original loan amount

$332,405

Est. remaining balance

$298,879

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Joseph Arthur Saceric and Jeramie Dela Cruz

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: 04/04/2025 at 12:15 PM

Listing updated: 03/21/2025 at 9:04 AM

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

MLS: Austin #8364796

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