54 Rainey ST # 1208, Austin TX 78701

Off Market

Unobstructed views of Lady Bird Lake, Butler Trail, and the downtown skyline.

Additional photos available to registered users

Ed's Opinion of Value

$807,664 Ed's Estimate: $1,909,239 $2,950,000

Lowest Comp Recommended List: $1,251,000 to $1,261,000 Highest Comp

The market data from 5 similar recent sales in MILAGO CONDO points to a value of approximately $1,909,239. To sell within a reasonable timeframe at fair market value, the $1,251,000 to $1,261,000 range is where I'd position this. Among the similar homes currently available in MILAGO CONDO, this price point stands out as competitive. Being 161 sqft larger than the average comparable sale in this area impacts the per square foot value. Right now, 3 similar properties are competing for buyers in MILAGO CONDO, listed between $1,250,000 and $2,950,000. In MILAGO CONDO, home values have risen approximately 72.1% over the past 6 months. One of the strongest data points is 98 San Jacinto BLVD # 1601, Austin TX 78701, adjusting to $2,762,076; with a smaller floor plan. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group

MILAGO CONDO Market Trends

$585,000 Median Sold Price ▲ 72.1% 6mo

$502/sqft Median $/SqFt ▲ 18.7% 6mo

88 days Avg Days on Market 142 days faster

3 homes Active Inventory 6 mo supply

98.3% Sale-to-List Ratio

3 Sales (6 months)

Recently Sold Comparables

$2,762,076 adjusted 98 San Jacinto BLVD # 1601, Austin TX 78701 2bd / 3.0ba • 1,516 sqft • 0.4 mi Sold 8 months ago

$2,733,533 adjusted 98 San Jacinto BLVD # 1701, Austin TX 78701 2bd / 3.0ba • 1,516 sqft • 0.3 mi Sold 8 months ago

$862,085 adjusted 800 W 5th ST # 1001, Austin TX 78703 2bd / 2.0ba • 1,506 sqft • 1.1 mi Sold 1 months ago

$1,721,514 adjusted 222 West Ave # 3002, Austin TX 78701 2bd / 2.0ba • 1,428 sqft • 1 mi Sold 1 months ago

$807,664 adjusted 800 W 5th ST # 902, Austin TX 78703 2bd / 2.0ba • 1,478 sqft • 1.2 mi Sold 7 months ago

Currently on Market

$2,295,000 98 San Jacinto BLVD # 903, Austin TX 78701 2bd / 3.0ba • 1,717 sqft • 0.4 mi 123 days on market

$2,950,000 98 San Jacinto BLVD # 1109, Austin TX 78701 2bd / 3.0ba • 1,815 sqft • 0.3 mi 107 days on market

$1,250,000 901 W 9th ST # 706, Austin TX 78703 2bd / 3.0ba • 1,611 sqft • 1.4 mi 43 days on market

2 Beds

3 Baths 2 Full, 1 Half

1,650 Sq Ft

0.01 Acres

2005 Built

2 Garage

About This Property

Sub-penthouse with unobstructed views of both Lady Bird Lake and Downtown. The unit features direct access to the terrace from both bedrooms, living room, and dining room. The generous floor plan features dual primary bedrooms with en-suite baths and oversized walk-in closets, two parking spaces located close to the main elevator bank, and a storage unit. Milago residents enjoy direct access to the Butler hike and bike trail, bike storage room, club room, ground floor library with outdoor trailside terrace, 3rd floor outdoor dining and lounge terrace with grill overlooking the lake and park, rooftop pool, rooftop outdoor dining terrace with dual grills. Recent upgrades include wide plank wood floors, new lighting, new bathroom cabinetry, new drapes, and fresh paint.

Features

2 Primary Baths
2 Primary Suites
Breakfast Bar
Granite Counters
Electric Dryer Hookup
Elevator
Open Floorplan
Primary Bedroom on Main
Soaking Tub
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring No Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Balcony

County Travis

MLS # 6879776

Garage 2 spaces

HOA & Community

HOA Fee $907 /Monthly

HOA Includes Common Area Maintenance, Insurance, Maintenance Grounds

Tax Information

Annual Taxes (MLS) $19,529 (2021)

Listing History

MLS# 6879776 7 days

Jun 16, 2022	Off Market
May 30, 2022	Price Change	$1,149,999
May 25, 2022	Listed	$1,149,000

Frequently Asked Questions About 54 Rainey ST # 1208, Austin TX 78701

When was 54 Rainey ST # 1208, Austin TX 78701 built?

54 Rainey ST # 1208, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 1208, Austin TX 78701 cost?

54 Rainey ST # 1208, Austin TX 78701 sold on June 16, 2022. Contact us for sale price details.

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May 25, 2017	Off Market
Oct 5, 2016	Listed		$950,000