Last list price
Milago Condominiums 54 Rainey St Unit 1209 Austin, TX 78701
Rainey Street Historic District Neighborhood
2
Beds
2
Baths
1,164
Sq Ft
$676/mo
HOA Fee
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 2023INVESTOR 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
DEN Property Group License #0526188 Listed on: 04/07/2023
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
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
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
Similar Homes in Austin, TX
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Independence Title Co | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $457,500 | New Conventional | |
| Previous Owner | $36,990 | Commercial |
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
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
-
Emily Lottman
E
Seller Co-Listing Agent in 2023
Emily Lottman
DEN Property Group
(847) 533-6282
5 in this area
18 Total Sales
-
Sherene Mayner
Buyer's Agent in 2023
Sherene Mayner
Womack Real Estate LLC
(512) 689-9324
9 in this area
49 Total Sales
-
Joseph Cummings
Buyer's Agent in 2012
Joseph Cummings
Compass RE Texas, LLC
(512) 689-9301
31 Total Sales
About Milago Condominiums
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 4906928
APN: 719742
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