tomo logo

$599,900

Beds
1
Baths
1.0
sq ft
837

70 Rainey St Unit 1705, Austin, TX 78701

70 Rainey St Unit 1705

Austin, TX 78701

  • 250 days on market
    • Price drop $8,600↓
MOTIVATED SELLER. MOTIVATED SELLER. MOTIVATED SELLER. THE BUILDING HAS REACHED ITS 20% ALLOWABLE UNITS LEASED AND CURRENTLY HAS A WAITLIST FOR RENTAL PERMITS. OWNER OCCUPIED OR RELATIVE/EMPLOYEE OCCUPANTS TO SATISFY HOA RULES. In the heart of Austin's dynamic Rainey Street District, Residence 1705 at 70 Rainey Street stands as an exemplar of contemporary luxury and architectural refinement. This sophisticated condominium epitomizes urban elegance, offering an unparalleled living experience for those who seek the finest in city living. Upon entering this meticulously curated residence, one is immediately struck by the harmonious blend of high-end materials and bespoke finishes. The expansive open-concept living space is illuminated by floor-to-ceiling windows, which offer sweeping views of Austin's iconic East side neighborhoods. The gourmet kitchen is a masterpiece of design and functionality, featuring state-of-the-art Miele appliances, custom cabinetry, and exquisite quartz countertops. The adjoining living areas exude a sense of refined sophistication, enhanced by contemporary fixtures and artful design elements that create an ambiance of effortless luxury. The master suite is a sanctuary of tranquility and opulence, boasting a generous layout, and an en-suite bathroom with marble accents, a deep soaking tub, and a frameless shower. The closet offers abundant storage, catering to the needs of the modern urbanite. Residents of 70 Rainey Street enjoy access to a suite of exclusive amenities designed to enhance their lifestyle. The rooftop pool offers panoramic views and a serene escape from the bustling city below. A state-of-the-art fitness center, elegant resident lounge, and beautifully landscaped communal areas provide spaces for relaxation, socialization, and wellness. Thank you for considering this property and we appreciate the opportunity to work with you.

Details

Property type

Condominium

Est. home value

$697,650

Lot size

Unknown

Price per sq ft

$717

Year built

2018

Annual property taxes

$14,749.18

Monthly HOA fee

$748

Price History

11/04/2024
Austin

Austin #7183369

Listed
$599,900
11/02/2024
Austin

Austin #7183369

Removed
10/16/2024
Austin

Austin #7183369

Price change
$599,900
-1.41%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Fitness Center, Pool, Sidewalks, 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

$237,539
Asking price
$599,900
Closing costs (~8% of asking)
-$47,992
Est. remaining loan balance
-$314,369
Cash to seller
$237,539

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

Seller’s Loan History

Lender

Primelending

Loan start date

October 2019

Original loan amount

$350,000

Est. remaining balance

$314,369

Interest rate

3.58%

Loan type

New Conventional, 30 year

Seller

Jose Luis Fernandez

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: 11/12/2024 at 4:35 PM

Listing updated: 11/04/2024 at 8:44 AM

Listed by: Ross Melby, Kuper Sotheby's Int'l Realty Phone #: (512) 831-6577

MLS: Austin #7183369

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