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$2,199,000

Beds
3
Baths
3.0
sq ft
2,179

70 Rainey St Unit 2606, Austin, TX 78701

70 Rainey St Unit 2606

Austin, TX 78701

  • 3 days on market
70 Rainey is the definition of luxury. With dedicated 24/7 Concierge, the building offers over 31,000 sq ft of total amenity space. On the 10th floor, there's a 2,200 sq ft fitness center that rivals premier fitness establishments, boasting a steam shower and dry-heat sauna. In addition to the fitness center, is a 72 ft long infinity pool directly overlooking Lady bird lake and downtown Austin. Imagine bbq social hours at the deck's outdoor lounge that has fire pits, grill-equipped kitchen and pool side cabanas. Situated on the 26th floor with panoramic views of lady bird lake and downtown Austin, the 3 bedroom, 3 bath 2179 sq feet residence with a private balcony, features contemporary high end finishes with clean lines, classic elegance, and organic elements. The condo has great natural light coming through the 'floor to ceiling' windows which are equipped with remote controlled motorized solar shades. This unit is being offered fully furnished and comes with 2 reserved parking spaces on the 8th floor of the garage.

Details

Property type

Condominium

Est. home value

$1,936,968

Lot size

Unknown

Price per sq ft

$1,010

Year built

2018

Annual property taxes

$49,028

Monthly HOA fee

$2,176

Price History

11/09/2024
Austin

Austin #2700361

Listed
$2,199,000
10/23/2024
Austin

Austin #3537015

Removed
08/03/2024
Austin

Austin #3537015

Price change
$2,375,000
-1.04%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Fitness Center, Pool, Restaurant, 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

$720,361
Asking price
$2,199,000
Closing costs (~8% of asking)
-$175,920
Est. remaining loan balance
-$1,302,719
Cash to seller
$720,361

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

Seller’s Loan History

Lender

First United Bank & Trust Co

Loan start date

February 2021

Original loan amount

$1,425,000

Est. remaining balance

$1,302,719

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Richard Chang and Jo Tung Tu Chang

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 1:50 PM

Listing updated: 11/12/2024 at 8:23 AM

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

MLS: Austin #2700361

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