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$3,500,000

Beds
3
Baths
4.0
sq ft
3,685

70 Rainey St Unit 3203, Austin, TX 78701

70 Rainey St Unit 3203

Austin, TX 78701

  • 103 days on market
    • Price drop $95,000↓
Now priced $1,650,000 less than the original list price and located within the prestigious 70 Rainey development, “Penthouse Three” offers a unique and unparalleled living experience in the heart of downtown Austin. This stunning 3-bedroom residence spans three levels, boasting three distinct living spaces and three expansive private terraces including a rooftop deck. The interiors are meticulously designed with a harmonious blend of modern elegance and timeless comfort, featuring white and natural cabinetry throughout, complemented by light European wide oak plank flooring. The main kitchen is a chef's dream, outfitted with top-of-the-line Miele appliances, including a gas cooktop, built-in hood, warming drawer, and even a built-in Miele coffee maker for the perfect morning brew. Quartz slab countertops and backsplash add a sleek finish, while satin brass plumbing fixtures provide a touch of sophistication. The third level kitchenette offers a Miele dishwasher and wine fridge, perfect for serving up beverages before stepping out onto the expansive rooftop deck. The primary suite is designed for ultimate relaxation and luxury, with a spacious walk-in closet with custom built-ins offering ample storage, while the spa-like bathroom features a dual vanity, Carrera marble countertops, and polished marble in the shower, creating a serene retreat. Porcelain tile in the secondary bathrooms and motorized shades in the bedrooms add to the home's convenience and comfort. Whether you're entertaining guests in the expansive living areas or enjoying a quiet evening on one of the private terraces, Penthouse Three is the epitome of refined urban living. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Details

Property type

Condominium

Est. home value

$3,777,563

Lot size

Unknown

Price per sq ft

$950

Year built

2018

Annual property taxes

$50,382.16

Monthly HOA fee

$3,850.95

Price History

11/08/2024
Austin

Austin #8722026

Price change
$3,500,000
-2.64%
10/15/2024
Austin

Austin #8722026

Price change
$3,595,000
-10.01%
09/10/2024
Austin

Austin #8722026

Listed
$3,995,000

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

$909,176
Asking price
$3,500,000
Closing costs (~8% of asking)
-$280,000
Est. remaining loan balance
-$2,310,824
Cash to seller
$909,176

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

Seller’s Loan History

Lender

Amplify Cu

Loan start date

May 2021

Original loan amount

$2,499,999

Est. remaining balance

$2,310,824

Interest rate

3.18%

Loan type

Not Provided, 30 year

Seller

Michael Etelis

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: 12/23/2024 at 5:50 AM

Listing updated: 11/16/2024 at 3:05 PM

Listed by: Alaina Martin, Moreland Properties Phone #: (512) 480-0848

MLS: Austin #8722026

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