54 Rainey ST # 316, Austin TX 78701

Austin, TX 78701 | Milago Condo

Ed's Opinion of Value

$395,000 Ed's Estimate: $550,776 $581,864
Lowest Comp Recommended List: $395,000 to $405,000 Highest Comp
The estimated value of this property is $550,776, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $395,000 and $405,000. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in MILAGO CONDO. Built in 2005, this home is 5 years older than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in MILAGO CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78701 show home values have fallen 7.8% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 2807, Austin TX 78701, with an adjusted value of $500,478; a strong comparable. Based on 6 relevant data points in MILAGO CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
1 Beds
1 Baths 1 Full
852 Sq Ft
0.005 Acres
2005 Built
1 Garage

About This Property

The Milago remains one of the most popular buildings in downtown Austin. This timeless 13 story building is home to 240 units & a variety of amenities. Built in 2006, the common areas have been updated several times. The controlled access lobby is home to attentive, welcoming staff 24/7 and on-site management. One of the most popular floor plans in the building, Unit 316 has over 800 sf with a spacious living/dining area and adjoining room that's perfect for a home office. Walk out the door to a private patio that leads to the third floor terrace, home to a seating area & grill. Enjoying the Lady Bird Lake trails will become a daily excursion. No need to take an elevator to the lobby, simply walk out the terrace door and down the steps to the trails and "dog park". All gates are controlled access. This pristine condo is ready to go! HVAC was replaced in 2020 along with a new Rheem hot water heater. The Whirlpool refrigerator was installed in 2017 and a Bosch dishwasher in 2018. A washer & dryer convey with the condo. You'll appreciate the custom closet make-over in the master bedroom. Unit 316 has a prime parking space on the ground floor, conveniently located just a few spaces from the elevator.
A climate controlled storage cage conveys as well. Walk out the door on Rainey Street, home to a variety of dining experiences, live music venues and Royal Blue Grocery. The Milago has a beautiful roof top deck and a stellar fitness center that overlooks the ground floor terrace. You'll love this prime location and all that Milago has to offer, just a few blocks from the Central Business District.

Features

  • Ceiling Fan(s)
  • Granite Counters
  • Electric Dryer Hookup
  • Soaking Tub
  • Storage
  • Track Lighting
  • Walk-In Closet(s)
  • Washer Hookup
  • See Remarks

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Flooring Laminate, Tile, Wood
Cooling Central Air, Electric, Other
Heating Central, Electric
Exterior No Exterior Steps, Outdoor Grill, See Remarks
County Travis
MLS # 5270904
Garage 1 spaces

HOA & Community

HOA Fee $434 /Monthly
HOA Includes Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking

Tax Information

Annual Taxes (MLS) $8,319 (2021)

Listing History

MLS# 5270904 21 days (19 CDOM)
Aug 12, 2021 Off Market
Jun 19, 2021 Listed $469,900

Frequently Asked Questions About 54 Rainey ST # 316, Austin TX 78701

When was 54 Rainey ST # 316, Austin TX 78701 built?

54 Rainey ST # 316, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 316, Austin TX 78701 cost?

54 Rainey ST # 316, Austin TX 78701 sold on August 12, 2021. Contact us for sale price details.

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