54 Rainey ST # 1218, Austin TX 78701

Austin, TX 78701 | Milago Condo

Ed's Opinion of Value

$1,269,000 Ed's Estimate: $1,953,045 $2,950,000
Lowest Comp Recommended List: $1,264,000 to $1,274,000 Highest Comp
My analysis of 6 comparable properties puts this home's estimated value at $1,953,045. Based on how the local market is moving, a list price between $1,264,000 and $1,274,000 would position this home well. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in MILAGO CONDO's current inventory. At 10 years older than typical comps, the 2005 build date influences the valuation. The smaller lot (0.01 acres versus the area average of 0.08) contributes to the valuation. Right now, 3 similar properties are competing for buyers in MILAGO CONDO, listed between $1,269,000 and $2,950,000. The 6 month price trend in 78701: fallen 11%. The best comp here is 360 Nueces ST # 4305, Austin TX 78701 at an adjusted value of $1,653,181, with a larger floor plan. With 6 comparable sales in MILAGO CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
2 Beds
3 Baths 2 Full, 1 Half
1,956 Sq Ft
0.011 Acres
2005 Built
2 Garage

About This Property

IMPORTANT INFO/READ ALL REMARKS: You will not find a condo at a better value. Also...you will not find a downtown Austin condo with a better combo of: amenities, turn-key-updates, modern styling, unadulterated views, convenience, size...all in an exciting and peaceful location. Recently remodeled CORNER UNIT in The Milago Condominiums, this unit is a rare 3 bedroom (or, 2 bedrooms and an office) at a whopping 1956 square feet! The Milago is one of the best kept secrets in Austin condominium living. Bordering Waller Beach Metropark, and overlooking the new Mexican American Cultural Center, it's is the only high rise with direct access to the Hike & Bike trail. You don't even cross a street...you simply walk out the back door and BOOM...you're there...standing along the edge of Lady Bird Lake. You have all the amenities you'd come to expect from living in a downtown high rise: Rooftop pool, 24 hour concierge, business center, top shelf gym, security, etc. Sitting at the quiet end of Rainey Street Historic/Entertainment District offers you a wide range of entertainment and dining options. The unit provides a modern "open concept floorplan", and is move in ready, with a recently remodeled kitchen and master bath, along with other updates throughout. Truly a "turn key" option, this property offers TWO primary suites (with ensuite full baths), and a 3rd flex room directly off the main living area that can be utilized as a bedroom, office, yoga studio, media room, art studio. etc. You're only limited by your imagination. The TWO (!) outdoor patios (one off the main living area, another off the 1st Primary Suite) offer unobstructed views of the entire Austin skyline and Lady Bird Lake. Two PRIME parking spaces that straddle the elevator access in the garage, are also included. Since the unit is 10 steps from the elevator, you can get from your 12th floor condo to your vehicle in less than 20 steps. Come see it! OWNER FINANCING will be considered. As will rate buy downs.

Features

  • 2 Primary Baths
  • 2 Primary Suites
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Chandelier
  • Corain Counters
  • Granite Counters
  • Quartz Counters
  • Elevator
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Soaking Tub
  • Storage
  • Track Lighting
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

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

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Ceiling Fan(s), Central Air, Electric
Heating Central, Electric
Exterior Balcony, Dog Run
County Travis
MLS # 4111361
Garage 2 spaces

HOA & Community

HOA Fee $1,134 /Monthly
HOA Includes Common Area Maintenance, Landscaping, Maintenance Structure, Parking, Security, Trash

Tax Information

Annual Taxes (MLS) $22,240 (2022)

Listing History

MLS# 4111361 111 days
Oct 2, 2024 Off Market
Jul 11, 2024 Price Change $1,083,999
Mar 29, 2024 Listed $1,100,000

Frequently Asked Questions About 54 Rainey ST # 1218, Austin TX 78701

When was 54 Rainey ST # 1218, Austin TX 78701 built?

54 Rainey ST # 1218, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 1218, Austin TX 78701 cost?

54 Rainey ST # 1218, Austin TX 78701 sold on October 2, 2024. Contact us for sale price details.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.