NOT LISTED FOR SALE

Milago Condominiums 54 Rainey St Unit 1209 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $588,323 - $630,000

2 Beds
2 Baths
1,164 Sq Ft
$676/mo HOA Fee

Last Sold August 17, 2023

Current estimated payment $4,721/month

94 Days on Market

Highlights

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

About This Home

As of August 2023

INVESTOR ALERT & MOTIVATED SELLER! Milago Residence No. 1209 represents one of the best resale values & investment opportunities in all of Downtown Austin, and is priced significantly less than the average downtown price per SF at $537 per SF! In addition, Milago is one of the few existing buildings without a waitlist to lease…there are a handful of lease permits available now (to be confirmed with management)! Milago is one of downtown Austin's best kept secrets & the only building immediately adjacent to Austin’s coveted Lady Bird Lake Hike-&-Bike Trail » Enjoy urban living access to Hike-and-Bike Trail, MACC plaza & neighboring park, 3 semi-private backyards that inc. 1st floor terrace adjacent to trail, 3rd floor terrace w/ lounge area & grill & rooftop terrace replete w/ pool, hot tub & outdoor cooking. Also enjoy your private terrace w/ views of the Rainey Neighborhood & treetop views of the East Side » Additional amenities inc. 24/7 concierge, state-of-the-art exercise facility overlooking Lady Bird Lake, club room, guest parking & 2 reserved parking spaces » Interior Amenities include: 2 Bedrooms, 2 Full Bathrooms, Walnut Floors, Granite Countertops & Island, Custom Backsplash, Owner Suite w/ Private Bath including Separate Shower & Tub, Operable Windows, Solar Shades & much more » Enjoy the best of both worlds...live downtown but away from the hustle & bustle. Don’t miss your opportunity to lease today and find the best resale value in downtown Austin!

Last Agent to Sell the Property

Bryan Cady

DEN Property Group License #0526188 Listed on: 04/07/2023

Co-Listed By

Emily Lottman

DEN Property Group License #0664915

Last Buyer's Agent

Sherene Mayner

Womack Real Estate LLC License #0643368

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,368

Year Built

  • Built in 2005

Lot Details

  • East Facing Home
  • Mature Trees

HOA Fees

  • $676 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Electric Gate
  • Secured Garage or Parking
  • Reserved Parking
  • Community Parking Structure

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 1,164 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • High Ceiling
  • Ceiling Fan
  • Track Lighting
  • Insulated Windows
  • Window Treatments
  • Closed Circuit Camera

Kitchen

  • Free-Standing Electric Range
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity
  • Soaking Tub

Laundry

  • Laundry closet
  • Washer and Dryer

Pool

  • Roof Top Pool
  • Spa

Outdoor Features

  • Covered patio or porch
  • Terrace
  • Outdoor Gas Grill

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • No Interior Steps
  • Energy-Efficient Windows
  • Property is near public transit

Listing and Financial Details

  • Down Payment Assistance Available
  • Tax Lot 1209
  • Assessor Parcel Number 02030314150000
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, landscaping, ground maintenance, trash
  • Milago HOA
  • High-Rise Condominium
  • Milago Condo Amd Subdivision
  • Mandatory home owners association
  • On-Site Maintenance

Amenities

  • Concierge
  • Laundry Service
  • Community Barbecue Grill
  • Common Area
  • Meeting Room
  • Lounge
  • Package Room
  • Community Mailbox
  • Elevator

Recreation

  • Trails

Security

  • Building Security
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,368

Year Built

Built in 2005

Lot Details

0

HOA Fees

$676 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories), Elevator
  • Restrictions: None
  • Year Built: 2005
  • Additional Parcels: No
  • Direction Faces: East
  • Directions: From 35 & Holly, Head West on Holly, Turn left on Rainey Street. Milago Building on your Right. Guest Parking is available on a first-come first serve basis. If parking in Guest Parking you must check in with Front Desk for a permit.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 13368.07
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: None
  • Garage Spaces: 2.00
  • Green Energy Efficient: Windows
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: Yes
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1164.00
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Primary Suites, Bookcases, Built-in Features, Ceiling Fan(s), Ceiling-High, Counter-Granite, Double Vanity, Electric Dryer Hookup, Elevator, High Speed Internet, Kitchen Island, No Interior Steps, Primary Bedroom on Main, Soaking Tub, Track Lighting, Walk-In Closet(s), Washer Hookup
  • Laundry Location: Laundry Closet
  • View: City, Downtown
  • Flooring: Tile, Wood
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Free-Standing Electric Range, Refrigerator, Washer/Dryer, Water Heater-Electric
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: Building Security, Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Smoke Detector(s)
  • Spa Features: Hot Tub
  • Window Features: Insulated Windows, Window Treatments

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony, Barbecue, Gas Grill
  • Roof: Membrane
  • Foundation: Slab
  • Patio And Porch Features: Covered, Patio, Terrace
  • Pool Features: Rooftop Pool
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Covered, Electric Gate, Reserved
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Landscaping, Maintenance Grounds, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 675.53

Association/Amenities

  • Management Company: Milago HOA
  • Association Name: Milago HOA
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Covered Parking, Curbs, Fitness Center, Garage Parking, Google Fiber, High Speed Internet, Laundry Service, Lounge, Maintenance On-Site, Package Service, Pool, Sidewalks, Spa/Hot Tub, Walk/Bike/Hike/Jog Trail(s

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: Curbs, Near Public Transit, Trees-Large (Over 40 Ft), Views
  • Parcel Number: 02030314150000
  • Lot Size Acres: 0.0067
  • Lot Size Sq Ft: 291.85
  • Subdivision Name: Milago Condo Amd

Building Info

  • Construction Materials: Brick, Stucco
  • New Construction: No

Tax Info

  • Tax Filled Sqft Total: 1164
  • Tax Lot: 1209
  • Tax Rate: 2.17670000000000
  • Tax Year: 2022
  • Tax Annual Amount: 13368.07
  • Tax Exemptions: Homestead, Over 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
Aug 17, 2023
Sold by
Mcmahon Kathryn
Bought by
Wurst Daniel M and Wurst Kerstin
Seller's Agent
Bryan Cady
DEN Property Group
Buyer's Agent
Sherene Mayner
Womack Real Estate LLC
List Price
$675,000
Sold Price
$610,000
Premium/Discount to List
-$65,000
-9.63%
Views
51
Current Estimated Value
$609,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$838
Avg. Annual Appreciation
-3.17%
Original Mortgage
$457,500
Outstanding Balance
$449,233
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$124,213

Purchase Details

Listed on
Dec 5, 2012
Closed on
Jan 7, 2013
Sold by
Dawson Jim and Dawson Jim A
Bought by
Mcmahom Kathryn
Seller's Agent
Northern Realty Group
Buyer's Agent
Joseph Cummings
Compass RE Texas, LLC
List Price
$379,900
Sold Price
$370,000
Premium/Discount to List
-$9,900
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%

Purchase Details

Closed on
Apr 1, 2010
Sold by
Dawson Linda
Bought by
Dawson Jim A
Source: Public Records

Range of Values:

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Average Value
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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
Wurst Daniel M -- None Listed On Document
Mcmahom Kathryn -- Independence Title Co
Dawson Jim A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wurst Daniel M $457,500
Previous Owner Dawson Jim $36,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold -- -- --
07/10/2023 07/10/23 Pending -- -- --
06/29/2023 06/29/23 Price Changed $625,000 -3.8% $537 / Sq Ft
06/05/2023 06/05/23 Price Changed $650,000 -2.2% $558 / Sq Ft
05/19/2023 05/19/23 Price Changed $664,500 -1.5% $571 / Sq Ft
05/01/2023 05/01/23 Price Changed $674,900 0.0% $580 / Sq Ft
04/07/2023 04/07/23 For Sale $675,000 +77.7% $580 / Sq Ft
12/28/2012 12/28/12 Sold -- -- --
12/13/2012 12/13/12 Pending -- -- --
12/05/2012 12/05/12 For Sale $379,900 -- $326 / 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
2023 $8,166 $675,565 $0 $0
2022 $12,129 $614,150 $0 $0
2021 $12,153 $558,318 $109,575 $448,743
2020 $11,531 $537,608 $78,894 $458,714
2018 $11,535 $520,984 $65,745 $455,239
2017 $11,630 $521,510 $65,745 $455,765
2016 $10,854 $486,674 $65,745 $420,929
2015 $9,022 $447,652 $65,745 $393,583
2014 $9,022 $406,956 $65,745 $341,211
Source: Public Records

Agents Affiliated with this Home

  • Bryan Cady

    Seller's Agent in 2023

    Bryan Cady

    DEN Property Group

    (512) 768-6729

    7 in this area

    41 Total Sales

    Bryan Cady
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Emily Lottman

    DEN Property Group

    (847) 533-6282

    5 in this area

    18 Total Sales

    Emily Lottman
    Section Image
  • Sherene Mayner

    Buyer's Agent in 2023

    Sherene Mayner

    Womack Real Estate LLC

    (512) 689-9324

    8 in this area

    48 Total Sales

    Sherene Mayner
    Section Image
  • Joseph Cummings

    Buyer's Agent in 2012

    Joseph Cummings

    Compass RE Texas, LLC

    (512) 689-9301

    31 Total Sales

    Joseph Cummings
    Section Image
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About Milago Condominiums

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4906928

Unlock MLS (Austin Board of REALTORS®)

APN: 719742

Texas Travis County Austin 78701 Rainey Street Historic District

54 Rainey St Unit 1209, Austin, TX

This home is located at 54 Rainey St Unit 1209, Austin, TX 78701 since 07 April 2023 and is currently estimated at $609,162, approximately $523 per square foot. This property was built in 2005. 54 Rainey St Unit 1209 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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