NOT LISTED FOR SALE

Milago Condominiums 54 Rainey St Unit 1116 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $404,041 - $584,000

1 Bed
1 Bath
852 Sq Ft
$494/ mo HOA Fee

Last Sold July 31, 2023

Current estimated payment $3,533/month

65 Days on Market

Highlights

  • Concierge
  • Lake Front
  • In Ground Spa
  • Mathews Elementary School Rated A
  • Fitness Center
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

As of July 2023

Experience unobstructed and protected views from this rare 1 bedroom 1 bath Milago condo with a study. Nestled just steps away from Lady Bird Lake and Rainey Street District, this home offers updates throughout including new white oak wide plank hardwood floors, built-ins, and fresh paint. A well appointed kitchen offers stainless appliances, granite countertops and abundant storage. Large primary suite boasts breathtaking views and a garden tub. Incredible building amenities feature a rooftop pool with a grill, 24-hour concierge, private club room, and a gym. One parking space and one storage unit convey. Come enjoy the best of downtown Austin living!

Last Agent to Sell the Property

Katya Smith

Compass RE Texas, LLC License #0784178 Listed on: 04/27/2023

Compass RE Texas, LLC

Co-Listed By

Carolyn Skyles

Compass RE Texas, LLC License #0502364

Last Buyer's Agent

Sherene Mayner

Womack Real Estate LLC License #0643368

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • Lake Front
  • River Front
  • West Facing Home

HOA Fees

  • $494 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • Guest Parking
  • Reserved Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

  • City Lights
  • Woods
  • Park or Greenbelt

Home Design

  • Pillar, Post or Pier Foundation
  • Membrane Roofing
  • Masonry Siding

Interior Spaces

  • 852 Sq Ft Home
  • 1-Story Property
  • Bookcases
  • Multiple Living Areas
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven
  • Electric Cooktop
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Stacked Washer and Dryer Hookup

Home Security

Accessible Home Design

  • Enhanced Accessible Features
  • No Interior Steps
  • Accessible Entrance

Outdoor Features

  • In Ground Spa
  • Exterior Lighting

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 02030314010000
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, insurance, security, trash
  • Milago Association
  • High-Rise Condominium
  • Milago Condo Amd Subdivision
  • Mandatory home owners association
  • The community has rules related to deed restrictions
  • Community Lake

Amenities

  • Concierge
  • Common Area
  • Community Kitchen
  • Elevator
  • Community Mailbox

Recreation

  • Trails

Security

  • Controlled Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2005 | Remodeled

Lot Details

218 Sq Ft Lot

HOA Fees

$494 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories), Elevator
  • Restrictions: Deed Restrictions
  • Year Built: 2005
  • Additional Parcels: No
  • Direction Faces: West
  • Directions: Head South on Rainey St. 54 Rainey Street is last building on the right. Guest parking in garage or park on Rainey Street.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 9511.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: Yes-500 yr
  • Fencing: See Remarks
  • Garage Spaces: 1.00
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: One
  • Living Area: 852.00
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Bookcases, Breakfast Bar, Multiple Living Areas, No Interior Steps, Primary Bedroom on Main, Stackable W/D Connections
  • Laundry Location: Laundry Closet
  • View: City Lights, Lake, Park/Greenbelt, River, Trees/Woods, Water
  • Flooring: Wood
  • Fireplace Features: None
  • Num Dining: 1
  • Num Living: 2
  • Accessibility Features: Enhanced Accessibility, Accessible Entrance
  • Appliances: Dishwasher, Electric Cooktop, Oven, Stainless Steel Appliance(s)
  • Main Level Bedrooms: 1
  • Property Condition: Updated/Remodeled
  • Security Features: Fire Alarm, Fire Sprinkler System, Secured Garage/Parking
  • Spa Features: Hot Tub, In Ground
  • Window Features: None

Beds/Baths

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

Exterior Features

  • Exterior Features: Lighting
  • Roof: Membrane
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: None
  • Pool Features: None
  • Private Pool: No
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front, River Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 1.00
  • Parking Features: Assigned, Garage, Guest, Reserved
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Insurance, Security, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 493.66

Association/Amenities

  • Association Name: Milago
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Clubhouse, Cluster Mailbox, Common Grounds, Concierge, Controlled Access, Covered Parking, Fitness Center, Garage Parking, Kitchen Facilities, Lake, Pool, Walk/Bike/Hike/Jog Trail(s

Schools

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

Lot Info

  • Lot Features: None
  • Parcel Number: 02030314010000
  • 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

Tax Info

  • Tax Filled Sqft Total: 852
  • Tax Rate: 1.97490000000000
  • Tax Year: 2022
  • Tax Exemptions: Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jul 25, 2023
Sold by
Nasser Omar
Bought by
Barrett David Christopher and Ruiz Adriana
Seller's Agent
Katya Smith
Compass RE Texas, LLC
Buyer's Agent
Sherene Mayner
Womack Real Estate LLC
List Price
$700,000
Views
39
Current Estimated Value
$473,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.85%
Original Mortgage
$432,000
Outstanding Balance
$421,502
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$52,258

Purchase Details

Listed on
Mar 20, 2015
Closed on
Apr 24, 2015
Sold by
Sunwood Daniel P and Shiu Dolly
Bought by
Nasser Omar
Seller's Agent
Angele Moyseos
eXp Realty, LLC
Buyer's Agent
Andrew Holbrook
Holby Homes, LLC
List Price
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.28%
Original Mortgage
$325,600
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2006
Sold by
Fairfield Rainey Lp
Bought by
Sunwoo Daniel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,340
Interest Rate
6.46%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Barrett David Christopher -- Heritage Title
Nasser Omar -- Itc
Sunwoo Daniel P -- Alamo Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrett David Christopher $432,000
Previous Owner Nasser Omar $325,600
Previous Owner Sunwoo Daniel P $179,340
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2023 07/31/23 Sold -- -- --
07/01/2023 07/01/23 Pending -- -- --
06/29/2023 06/29/23 Price Changed $550,000 -4.3% $646 / Sq Ft
06/19/2023 06/19/23 Price Changed $575,000 -4.0% $675 / Sq Ft
06/01/2023 06/01/23 Price Changed $599,000 -4.2% $703 / Sq Ft
05/24/2023 05/24/23 Price Changed $625,000 -3.8% $734 / Sq Ft
05/08/2023 05/08/23 Price Changed $650,000 -7.1% $763 / Sq Ft
04/27/2023 04/27/23 For Sale $700,000 +68.7% $822 / Sq Ft
04/24/2015 04/24/15 Sold -- -- -- View Prior Sale
03/29/2015 03/29/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $415,000 -- $487 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

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 $6,892 $444,559 $160,148 $284,411
2023 $9,744 $538,564 $160,148 $378,416
2022 $9,511 $481,567 $0 $0
2021 $9,529 $437,788 $80,075 $361,925
2020 $8,536 $397,989 $57,653 $340,336
2018 $9,541 $430,928 $48,045 $382,883
2017 $9,494 $425,715 $48,045 $377,670
2016 $8,850 $396,848 $48,045 $348,803
2015 $6,289 $393,171 $48,044 $345,127
2014 $6,289 $286,201 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katya Smith

    Seller's Agent in 2023

    Katya Smith

    Compass RE Texas, LLC

    (214) 316-9651

    1 in this area

    3 Total Sales

    Katya Smith
    Section Image
  • Carolyn Skyles

    Seller Co-Listing Agent in 2023

    Carolyn Skyles

    Compass RE Texas, LLC

    (512) 293-5552

    2 in this area

    31 Total Sales

    Carolyn Skyles
    Section Image
  • Sherene Mayner

    Buyer's Agent in 2023

    Sherene Mayner

    Womack Real Estate LLC

    (512) 689-9324

    11 in this area

    51 Total Sales

    Sherene Mayner
    Section Image
  • Angele Moyseos

    Seller's Agent in 2015

    Angele Moyseos

    eXp Realty, LLC

    (512) 466-8252

    54 Total Sales

    Angele Moyseos
    Section Image
  • Andrew Holbrook

    Buyer's Agent in 2015

    Andrew Holbrook

    Holby Homes, LLC

    (512) 814-5079

    1 in this area

    84 Total Sales

    Andrew Holbrook
    Section Image
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About Milago Condominiums

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1317121

Unlock MLS (Austin Board of REALTORS®)

APN: 719727

Texas Travis County Austin 78701 Rainey Street Historic District

54 Rainey St Unit 1116, Austin, TX

Not Listed for Sale

Condos

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Based on information submitted to the MLS GRID

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