NOT LISTED FOR SALE

Milago Condominiums 54 Rainey St Unit 618 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $577,914 - $795,000

2 Beds
2 Baths
1,164 Sq Ft
305 Sq Ft Lot

Highlights

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

About This Home

As of June 2023

Located within Austin’s Rainey Street District, walking distance to Austin’s Butler Hike trail, easy access to upscale dinning and entertainment, this beauty offers views of the most desirable city in America! Escape the busy city life in this Oasis located on the 6th floor at Milago. This spacious condo is a 2BED/2 BATH open floor plan for anyone looking to live in the heartbeat of Austin. Condo includes: 24 hour concierge service, 24 hour access to all amenities, stainless steel appliances, 2 reserved garage parking spots, and a private balcony.

Last Agent to Rent the Property

Miguel Garcia

Metro 512 Realty Brokerage Phone: (512) 479-1300 License #0734903 Listed on: 04/29/2023

Last Renter's Agent

Non Member

Non Member License #785011

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,026

Year Built

  • Built in 2005

Lot Details

  • Lake Front
  • Northeast Facing Home

Parking

  • 2 Car Garage
  • Reserved Parking
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Concrete Siding

Interior Spaces

  • 1,164 Sq Ft Home
  • 1-Story Property
  • French Doors

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Roof Top Pool
  • In Ground Pool
  • In Ground Spa

Outdoor Features

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Security Deposit $3,250
  • Tenant pays for all utilities
  • The owner pays for association fees
  • 12 Month Lease Term
  • $75 Application Fee
  • Assessor Parcel Number 02030312890000

Community Details

Overview

  • Property has a Home Owners Association
  • 240 Units
  • Milago Condo Amd Subdivision
  • Property managed by Metro 512 Realty

Amenities

  • Concierge
  • Community Barbecue Grill
  • Game Room
  • Business Center

Recreation

  • Trails

Pet Policy

  • Pet Deposit $150
  • Breed Restrictions
  • Medium pets allowed

Security

  • Controlled Access

Condo Details

Home Type

Condominium

Est. Annual Taxes

$11,026

Year Built

Built in 2005

Lot Details

0

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Owner Pays: Association Fees
  • Tenant Pays: All Utilities
  • Pets Allowed: Medium (< 35 lbs), Breed Restrictions, Negotiable
  • Available Date: 2023-06-05
  • App Deposit Payable To: Metro 512 Realty
  • App Fee Payable To: Metro 512 Realty
  • Application Fee: 75
  • Application Policy: Best Qualified Application
  • Application Required: See Online App
  • First Month Rent Payable To: Broker
  • Max Numof Pets: 1
  • Monthly Pet Rent: 30
  • Additional Pet Fee: 250
  • Pet Deposit: 150

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Year Built: 2005
  • Direction Faces: Northeast
  • Directions: From I-35 S, Exit Holly, Turn R on River St, Take Roundabout S on Rainey, Last building on R
  • Disclosures: None
  • Fencing: None
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Lease Term: 12 Months
  • Levels: One
  • Living Area: 1164
  • Attribution Contact: (512) 479-1300
  • Attribution Contact: (512) 479-1300
  • FEMA Flood Plain: No
  • Unit Style: 1st Floor Entry,High Rise (8-13 Stories),Single level Floor Plan,Elevator
  • Complex Name: Milago
  • Smoking Inside YN: 0
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, French Doors, Primary Bedroom on Main, Walk-In Closet(s)
  • View: See Remarks
  • Flooring: Tile, Wood
  • Fireplace Features: None
  • Accessibility Features: None
  • Appliances: Built-In Oven(s), Dishwasher, Disposal, Electric Cooktop, Electric Range, Exhaust Fan, Microwave, Refrigerator
  • Main Level Bedrooms: 2
  • Spa Features: Hot Tub, In Ground
  • Window Features: See Remarks
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: In Unit
  • Num Dining: 1
  • Num Living: 1
  • Appliances Maintained: Dishwasher,Disposal,Dryer,Microwave Oven,Range/Oven/Stove,Washer
  • Num Other Level Beds: 0

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Roof: See Remarks
  • Foundation: See Remarks
  • Patio And Porch Features: None
  • Pool Features: In Ground, Rooftop Pool
  • Private Pool: Yes
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Assigned, Reserved
  • Total Parking Spaces: 2

Utilities

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

Association/Amenities

  • Association: Yes
  • Community Features: BBQ Pit/Grill, Business Center, Concierge, Controlled Access, Fitness Center, Game/Rec Rm, Garage Parking, Walk/Bike/Hike/Jog Trail(s

Condo/Co-op/Association

  • Managed By: Property Manager
  • Management Company: Metro 512 Realty

Fee Information

  • Parking Fee Frequency: Included With Rent

Schools

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

Lot Info

  • Lot Features: See Remarks
  • Parcel Number: 02030312890000
  • Lot Size Acres: 0.007
  • Lot Size Sq Ft: 304.92
  • Subdivision Name: Milago Condo Amd

Building Info

  • Construction Materials: Concrete
  • New Construction: No

Multi Family

  • Number Of Units Total: 240
  • Management Co Phone: 512-479-1300

Tax Info

  • Tax Map Number: 618
  • Tax Filled Sqft Total: 1164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2007
Sold by
Jorgensen Jeff Clay and Jorgensen Deborah
Bought by
Wolpo Hal
Total Days on Market
48
Current Estimated Value
$686,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,200
Outstanding Balance
$197,749
Interest Rate
7.98%
Mortgage Type
Commercial
Estimated Equity
$489,899

Purchase Details

Closed on
Aug 21, 2006
Sold by
Fairfield Rainey Lp
Bought by
Jorgensen Jeff Clay and Jorgensen Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.75%
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
Wolpo Hal -- None Available
Jorgensen Jeff Clay -- Alamo Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolpo Hal $293,200
Previous Owner Jorgensen Jeff Clay $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Rented $2,850 -18.5% --
06/16/2023 06/16/23 Under Contract -- -- --
04/29/2023 04/29/23 For Rent $3,495 +24.8% --
08/14/2018 08/14/18 Rented $2,800 0.0% --
08/08/2018 08/08/18 Under Contract -- -- --
08/01/2018 08/01/18 For Rent $2,800 +47.4% --
02/27/2012 02/27/12 Rented $1,900 -17.4% --
02/24/2012 02/24/12 Under Contract -- -- --
01/10/2012 01/10/12 For Rent $2,300 -- --
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 $11,026 $527,142 $219,150 $307,992
2023 $11,870 $656,054 $219,150 $436,904
2022 $11,257 $570,000 $219,150 $350,850
2021 $12,187 $559,900 $109,575 $450,325
2020 $12,011 $560,000 $78,894 $481,106
2018 $11,734 $530,000 $65,745 $464,255
2017 $10,705 $480,000 $65,745 $414,255
2016 $10,482 $470,000 $65,745 $404,255
2015 $7,556 $463,000 $65,745 $397,255
2014 $7,556 $342,178 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2023

    Miguel Garcia

    Metro 512 Realty

    (512) 921-8640

    15 Total Sales

    Miguel Garcia
    Section Image

  • N

    Tenant's Agent in 2023

    Non Member

    Non Member

  • C

    Seller's Agent in 2018

    Caitlyn Kelly

    Martha Turner Sotheby's International Realty

    Section Image
  • Andrew Hackemack

    Buyer's Agent in 2018

    Andrew Hackemack

    Bramlett Partners

    (214) 478-0088

    46 Total Sales

    Andrew Hackemack
    Section Image
  • Anna Hardeman

    Seller's Agent in 2012

    Anna Hardeman

    3 Flowers Realty, LLC

    (512) 797-5122

    1 in this area

    25 Total Sales

    Anna Hardeman
    Section Image
  • Kirk Lewis

    Buyer's Agent in 2012

    Kirk Lewis

    Lewis Residential

    (512) 422-2495

    69 Total Sales

    Kirk Lewis
    Section Image
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About Milago Condominiums

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9429299

Unlock MLS (Austin Board of REALTORS®)

APN: 719611

Texas Travis County Austin 78701 Rainey Street Historic District

54 Rainey St Unit 618, Austin, TX

This home is located at 54 Rainey St Unit 618, Austin, TX 78701 since 29 April 2023 and is currently priced at $686,457. This property was built in 2005. 54 Rainey St Unit 618 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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