NOT LISTED FOR SALE

Estimated Value: $414,832 - $559,000

1 Bed
1 Bath
865 Sq Ft
218 Sq Ft Lot

Last Sold May 30, 2014

Current estimated payment $3,275/month

Highlights

  • Concierge
  • Roof Top Pool
  • Gated Parking
  • Mathews Elementary School Rated A
  • Fitness Center
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

As of May 2021

Rare opportunity to lease the ever-popular 1 Bed + DEN floorplan at Milago on Rainey Street, one of the best managed buildings downtown. Enjoy a full suite of luxury building amenities, including: rooftop pool overlooking Lady Bird Lake, Downtown Austin, and the hill country; resident lounge and business/media room; grilling stations and outdoor entertaining areas along the third-floor garden terrace; 24-hr concierge; and waterfront gym. One of the only buildings downtown with direct access to the hike and bike trail along Lady Bird Lake. The bonus room provides exceptional versatility, easy to furnish as an office, guest bedroom, or flex space. Excellent natural light throughout and open design. New LG W/D installed, new track lighting and new water heater (all 2020). Highly walkable area only a few blocks or less from Royal Blue Grocer and well-reviewed restaurants. Lease includes one parking space in secured garage. Building charges one-time, non-refundable $300 move-in fee and immediately refundable $500 move-in deposit, pending no damages.

Last Agent to Rent the Property

Andrew Hackemack

Bramlett Partners License #0632152 Listed on: 05/01/2021

Bramlett Partners

Co-Listed By

Amber Galligan

Moreland Properties License #0615190

Last Renter's Agent

Non Member

Non Member License #785011

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,359

Year Built

  • Built in 2005

Lot Details

  • East Facing Home

Parking

  • 1 Car Garage
  • Gated Parking
  • Community Parking Structure

Home Design

  • Slab Foundation
  • Flat Tile Roof
  • Masonry Siding

Interior Spaces

  • 865 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Pool

  • Roof Top Pool
  • In Ground Spa

Schools

  • Mathews Elementary School
  • O Henry Middle School
  • Austin High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Security Deposit $2,100
  • Tenant pays for all utilities, cable TV, electricity, internet
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Negotiable Lease Term
  • $40 Application Fee
  • Tax Lot 1103
  • Assessor Parcel Number 02030313880000

Community Details

Overview

  • Property has a Home Owners Association
  • 240 Units
  • Association Phone (214) 478-0088
  • Milago Community
  • Milago Condo Amd Subdivision
  • On-Site Maintenance

Amenities

  • Concierge
  • Community Barbecue Grill
  • Lounge
  • Elevator

Recreation

Pet Policy

  • Pet Deposit $500
  • 2 Pets Allowed
  • Dogs and Cats Allowed
  • Breed Restrictions

Security

  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$9,359

Year Built

Built in 2005

Lot Details

0

Parking

1

Rental Info

  • App Deposit Payable To: TOWERS realty
  • App Fee Payable To: MySmartMove.com
  • Application Fee: 40
  • Application Policy: Best Qualified Application
  • Application Required: TAR App
  • First Month Rent Payable To: Owner
  • Furnished: Unfurnished
  • Max Lease Months: 24
  • Max Numof Pets: 2
  • Min Lease Months: 12
  • Pet Deposit: 500
  • Security Deposit: 2100
  • Tenant Pays: All Utilities, Cable TV, Electricity, Internet
  • Per Person: Yes
  • Per Pet: No
  • Pets Allowed: Cats OK, Dogs OK, Breed Restrictions, Negotiable
  • Renters Insurance Required: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Unit Style: Elevator
  • Year Built: 2005
  • Additional Pet Fee Description: Per Pet
  • Certified Funds: Yes
  • Direction Faces: East
  • Directions: Going north on I35, take Holly Street exit, left on Holly, take round-a-bout to a left on Rainey. The Milago will be on your right and there is 15-minute parking in front of the building. Guest parking in garage adjacent to lobby entrance
  • Disclosures: None
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: None
  • Garage Spaces: 1.00
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Housing Vouchers: No
  • Intermediary: Yes
  • Lease Guarantor: Yes
  • Lease Term: Negotiable
  • Levels: One
  • Living Area: 865.00
  • Complex Name: Milago
  • Monthly Pet Rent Per Pet: No
  • Move In Special: No
  • On Site Compliance: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Counter-Granite, Primary Bedroom on Main, Walk-In Closet(s)
  • Laundry Location: Laundry Closet
  • View: City
  • Flooring: Carpet, Tile, Wood
  • Fireplace Features: None
  • Management Company: Owner
  • Num Dining: 1
  • Num Living: 2
  • Accessibility Features: None
  • Appliances: Built-In Oven(s), Dishwasher, Disposal, Electric Cooktop, Electric Range, ENERGY STAR Qualified Appliances, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked, Water Heater-Electric, See Remarks
  • Appliances Maintained: Dishwasher, Microwave Oven, Range/Oven/Stove, Refrigerator, Washer, Water Heater
  • Main Level Bedrooms: 1
  • Security Features: None
  • Smoking Inside: No
  • Spa Features: Hot Tub, In Ground
  • Window Features: Double Pane Windows

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: None
  • Roof: Flat Tile
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: Rooftop Pool, See Remarks
  • Private Pool: Yes
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 1.00
  • Parking Features: Garage, Gated
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Heating: Central
  • Meter Description: See Remarks
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • Managed By: Owner

Association/Amenities

  • Association: Yes
  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Concierge, Fitness Center, Garage Parking, Lounge, Maintenance On-Site, Pool, Property Manager On-Site, Spa/Hot Tub

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Mathews
  • Middle School: O Henry
  • High School: Austin
  • Elementary School: Mathews
  • High School: Austin
  • Middle/Junior School: O Henry

Lot Info

  • Lot Features: None
  • Parcel Number: 02030313880000
  • Lot Size Acres: 0.0050
  • Lot Size Sq Ft: 217.80
  • Subdivision Name: Milago Condo Amd

Building Info

  • Construction Materials: Masonry All Sides
  • New Construction: No

Multi Family

  • Management Co Phone: 2144780088
  • Number Of Units Total: 240

Tax Info

  • Tax Filled Sqft Total: 865
  • Tax Lot: 1103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2014
Closed on
May 29, 2014
Sold by
Zeno Lance
Bought by
Degelia James
Seller's Agent
Bryan Cady
DEN Property Group
Buyer's Agent
Jude Galligan
TOWERS.net
List Price
$334,900
Current Estimated Value
$470,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.26%
Original Mortgage
$310,650
Outstanding Balance
$237,350
Interest Rate
4.32%
Mortgage Type
Commercial
Estimated Equity
$233,108

Purchase Details

Closed on
Oct 12, 2006
Sold by
Fairfield Rainey Lp
Bought by
Zeno Lance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,520
Interest Rate
6.44%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Degelia James -- Independence Title Co
Zeno Lance -- Alamo Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Degelia James $310,650
Previous Owner Zeno Lance $201,520
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2021 05/25/21 Rented $2,100 0.0% --
05/18/2021 05/18/21 Under Contract -- -- --
05/01/2021 05/01/21 For Rent $2,100 +16.7% --
11/03/2020 11/03/20 Rented $1,800 -7.7% --
10/19/2020 10/19/20 Under Contract -- -- --
09/30/2020 09/30/20 For Rent $1,950 +1.3% --
06/13/2018 06/13/18 Rented $1,925 0.0% --
06/06/2018 06/06/18 Under Contract -- -- --
05/31/2018 05/31/18 For Rent $1,925 0.0% --
05/31/2018 05/31/18 Off Market $1,925 -- --
06/02/2017 06/02/17 Rented $1,850 -2.6% --
06/01/2017 06/01/17 Under Contract -- -- --
04/26/2017 04/26/17 For Rent $1,900 0.0% --
05/30/2014 05/30/14 Sold -- -- -- View Prior Sale
04/13/2014 04/13/14 Pending -- -- --
04/07/2014 04/07/14 For Sale $334,900 -- $387 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,359 $461,190 $162,623 $298,567
2023 $9,978 $551,473 $162,623 $388,850
2022 $11,449 $579,712 $162,623 $417,089
2021 $8,399 $385,882 $81,312 $304,570
2020 $7,593 $354,000 $58,544 $295,456
2018 $8,145 $367,886 $48,788 $319,098
2017 $7,805 $350,000 $48,788 $301,212
2016 $7,700 $345,250 $48,788 $296,462
2015 $7,591 $327,000 $48,787 $278,213
2014 $7,591 $318,993 $48,787 $270,206
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 2507345

Unlock MLS (Austin Board of REALTORS®)

APN: 719715