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$1,775,000

Beds
3
Baths
2.0
sq ft
1,697

70 Rainey St Unit 1801, Austin, TX 78701

70 Rainey St Unit 1801

Austin, TX 78701

  • 76 days on market
2/1 buydown potentially available with full price offer. Experience the epitome of luxury living in this stunning 3-bedroom, 2-bath condo at 70 Rainey (third bedroom could be office with a Murphy bed). Enjoy breathtaking South-facing water views, as well as panoramic vistas of the hill country and downtown skyline. The expansive open-concept living and kitchen area is perfect for entertaining family and friends. Floor-to-ceiling glass windows bathe the unit in natural light, highlighting the exquisite interior finishes. Revel in the elegance of 7.5-inch wide-plank European oak floors, marble bathrooms, custom light fixtures, and top-of-the-line Miele appliances. The condo is tastefully furnished with designer pieces, motorized window shades, custom built-in cabinetry, and bespoke closets. This residence includes two reserved parking spaces and access to over 31,000 square feet of indoor and outdoor resort-style amenities. Enjoy the newly added cold plunge pool, 24-hour concierge service, fitness studio with Peloton bikes, pool, cabanas, and media room. Situated just steps from Lady Bird Lake and the Hike & Bike Trail, 70 Rainey offers a serene environment with unparalleled views of Downtown Austin.

Details

Property type

Condominium

Est. home value

$1,531,918

Lot size

Unknown

Price per sq ft

$1,046

Year built

2019

Annual property taxes

$27,139

Monthly HOA fee

$1,698

Price History

09/06/2024
Austin

Austin #3087147

Listed
$1,775,000
09/01/2024
Austin

Austin #7935262

Removed
05/14/2024
Austin

Austin #7935262

Price change
$1,775,000
-1.28%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Clubhouse, Fitness Center, Gated, Lake, Pool, Restaurant

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

$535,015
Asking price
$1,775,000
Closing costs (~8% of asking)
-$142,000
Est. remaining loan balance
-$1,097,985
Cash to seller
$535,015

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

Seller’s Loan History

Lender

Amerifirst Financial Inc

Loan start date

November 2022

Original loan amount

$1,125,000

Est. remaining balance

$1,097,985

Interest rate

6.29%

Loan type

New Conventional, 30 year

Seller

Luanco Holdings Llc

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 4:05 AM

Listing updated: 09/07/2024 at 4:05 AM

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

MLS: Austin #3087147

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