NOT LISTED FOR SALE

Milago Condominiums 54 Rainey St Unit 522 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $547,192 - $675,000

2 Beds
2 Baths
1,212 Sq Ft
$704/ mo HOA Fee

Last Sold October 11, 2023

Current estimated payment $4,823/month

32 Days on Market

Highlights

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

About This Home

As of October 2023

Lady Bird Lakefront living! Don't miss this corner condo in the Milago Condominium on Rainey St. with 2 Bedrooms, 2 Baths, and a Balcony with a a view of the Austin City Scape. This condo has an open and spacious floor plan with a foyer and hallway that leads to the living, dining and kitchen area with natural filtered light coming in from two walls of large operable windows. Relax in this quiet tree-top setting with immediate access to the fun of the Rainey Street District, downtown restaurants and entertainment. Upgrades to this unit include a brand new AC/heating unit, new mahogany floors throughout, battery-operated shades, stylish kitchen backsplash, custom closet in primary bedroom, and modern ceiling fans. Building amenities include the rooftop pool with a spa and cabanas, a fire pit and bbq grills, a gym, patios, and a club room with a kitchen for your private parties or meetings. Step out the back door to the 10-mile Butler Hike & Bike Trail. Controlled entry and 24-hour Concierge.

Last Agent to Sell the Property

Joanne Flynn

Brauman Realty, Inc License #0421993 Listed on: 07/31/2023

Last Buyer's Agent

David Ramirez

Compass RE Texas, LLC License #0633556

Compass RE Texas, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,064

Year Built

  • Built in 2005

Lot Details

  • Lake Front
  • Southwest Facing Home
  • Landscaped
  • Many Trees

HOA Fees

  • $704 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Gated Parking
  • Reserved Parking
  • Community Parking Structure

Property Views

  • Hills

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 1,212 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Insulated Windows
  • Entrance Foyer

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Free-Standing Electric Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer

Home Security

Pool

  • Spa

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • High Speed Internet

Listing and Financial Details

  • Down Payment Assistance Available
  • Tax Lot 522
  • Assessor Parcel Number 02030312700000
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, ground maintenance, maintenance structure
  • Milago HOA
  • High-Rise Condominium
  • Milago Condo Amd Subdivision
  • Lock-and-Leave Community
  • Mandatory home owners association
  • The community has rules related to covenants, conditions, and restrictions
  • Community Lake

Amenities

  • Concierge
  • Sundeck
  • Community Barbecue Grill
  • Courtyard
  • Common Area
  • Recycling
  • Business Center
  • Meeting Room
  • Lounge
  • Package Room
  • Community Mailbox

Recreation

  • Park
  • Trails

Security

  • Building Security
  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,064

Year Built

Built in 2005

Lot Details

305 Sq Ft Lot

HOA Fees

$704 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories), Single level Floor Plan
  • Restrictions: Covenant, See Remarks
  • Year Built: 2005
  • Additional Parcels: No
  • Direction Faces: SW
  • Directions: At the very southern quiet end of Rainey St. on the right.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 16064.20
  • ETJ Extra Territorial Jurdn: See Remarks
  • FEMA Flood Plain: See Remarks
  • Fencing: None
  • Garage Spaces: 2.00
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1212.00
  • Other Contingency Types: Financing
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Counter-Granite, Eat-in Kitchen, Entrance Foyer, Kitchen Island, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
  • Laundry Location: In Unit, Laundry Closet
  • View: City, Downtown, Hill Country, Lake, Skyline, Water
  • Flooring: Tile, Wood
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Exhaust Fan, Microwave, Free-Standing Electric Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: Building Security, Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
  • Window Features: Insulated Windows

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, See Remarks
  • Roof: Built-Up
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: Covered, Porch, See Remarks
  • Pool Features: See Remarks
  • Private Pool: Yes
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front, Waterfront, See Remarks
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Direct Access, Garage, Gated, Reserved
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Heating: Central, Electric
  • Water Source: Public
  • Cooling: Central Air, Electric

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Maintenance Grounds, Maintenance Structure
  • Association Fee Frequency: Monthly
  • Association Fee: 704.00

Association/Amenities

  • Management Company: Ssomerset
  • Association Name: Milago HOA
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Business Center, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Courtyard, Electronic Payments, Fitness Center, Garage Parking, Gated, Google Fiber, Lake, Lock and Leave, Lounge, Package Service, Park, Pool, Property Manager On-Site, Recycling Area/Center, Spa/Hot Tub, Street Lights, Sundeck, Walk/Bike/Hike/Jog Trail(s, See Remarks

Schools

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

Lot Info

  • Lot Features: Landscaped, Many Trees, See Remarks
  • Parcel Number: 02030312700000
  • Lot Size Acres: 0.0070
  • Lot Size Sq Ft: 304.92
  • Subdivision Name: Milago Condo Amd

Building Info

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

Tax Info

  • Tax Filled Sqft Total: 1212
  • Tax Lot: 522
  • Tax Rate: 2.17670000000000
  • Tax Year: 2023
  • Tax Annual Amount: 16064.20
  • Tax Exemptions: Homestead, Over 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2023
Closed on
Oct 11, 2023
Sold by
Abelman Living Trust
Bought by
Smith Helen and Dickson Stuart
Seller's Agent
Joanne Flynn
Brauman Realty, Inc
Buyer's Agent
David Ramirez
Compass RE Texas, LLC
List Price
$689,000
Views
48
Current Estimated Value
$622,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.46%
Original Mortgage
$492,000
Outstanding Balance
$482,560
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$139,488

Purchase Details

Closed on
Dec 27, 2022
Sold by
Abelman Judy P
Bought by
Abelman Living Trust

Purchase Details

Closed on
Jul 17, 2006
Sold by
Fairfield Rainey Lp
Bought by
Bueker Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,472
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
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
Smith Helen -- Chicago Title
Abelman Living Trust -- --
Bueker Michael J -- Alamo Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Helen $492,000
Previous Owner Bueker Michael J $245,472
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2023 10/11/23 Sold -- -- --
09/01/2023 09/01/23 Pending -- -- --
08/30/2023 08/30/23 Price Changed $625,000 -4.6% $516 / Sq Ft
08/18/2023 08/18/23 Price Changed $655,000 -3.0% $540 / Sq Ft
08/08/2023 08/08/23 Price Changed $675,000 -2.0% $557 / Sq Ft
07/31/2023 07/31/23 For Sale $689,000 +56.6% $568 / Sq Ft
01/30/2012 01/30/12 Sold -- -- -- View Prior Sale
12/29/2011 12/29/11 Pending -- -- --
07/21/2011 07/21/11 For Sale $439,900 -- $351 / 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 $9,544 $588,506 $228,075 $360,431
2023 $10,993 $813,409 $228,075 $585,334
2022 $15,223 $770,817 $228,075 $542,742
2021 $14,075 $646,608 $114,038 $532,570
2020 $13,424 $625,844 $82,107 $543,737
2018 $13,250 $598,482 $68,423 $530,059
2017 $12,941 $580,290 $68,423 $511,867
2016 $12,069 $541,167 $68,423 $472,744
2015 $11,299 $537,170 $68,423 $468,747
2014 $11,299 $474,797 $68,423 $406,374
Source: Public Records

Agents Affiliated with this Home

  • Joanne Flynn

    Seller's Agent in 2023

    Joanne Flynn

    Lux Haus Realty

    (512) 633-7015

    13 in this area

    15 Total Sales

    Joanne Flynn
    Section Image

  • D

    Buyer's Agent in 2023

    David Ramirez

    Compass RE Texas, LLC

    (512) 240-2810

    1 in this area

    87 Total Sales

    David Ramirez
    Section Image
  • Will Steakley

    Seller's Agent in 2012

    Will Steakley

    DEN Property Group

    (512) 799-3777

    2 in this area

    75 Total Sales

    Will Steakley
    Section Image
  • Roya Johnson

    Buyer's Agent in 2012

    Roya Johnson

    Keller Williams Realty

    (512) 472-1000

    5 Total Sales

    Roya Johnson
    Section Image
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About Milago Condominiums

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1043463

Unlock MLS (Austin Board of REALTORS®)

APN: 719590

Texas Travis County Austin 78701 Rainey Street Historic District

54 Rainey St Unit 522, Austin, TX

Not Listed for Sale

Condos

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Based on information submitted to the MLS GRID

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