NOT LISTED FOR SALE

Estimated Value: $480,696 - $646,000

1 Bed
1 Bath
798 Sq Ft
$424/mo HOA Fee

Last Sold October 04, 2021

Current estimated payment $4,308/month

9 Days on Market

Highlights

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

About This Home

As of October 2021

Fabulous penthouse level condo with unobstructed views of Lady Bird Lake! You will love this meticulously maintained one-bedroom condo at the Milago located in the highly sought-after Rainey Street District of Downtown Austin. This rare unit has an open concept floor plan and boasts 10’ ceilings, a bright and sleek kitchen with breakfast bar, electric window solar shades, and a 165 sqft covered balcony with amazing views. The primary bedroom offers a custom-built walk-in closet with organizers and direct access to the updated bathroom. Unit is being sold FURNISHED, everything in the home is less than a year old and conveys including TV, Sonos speakers, gaming monitor and brand new washer and dryer. Premium extra-large parking space, right next to the elevator. Located on the quiet Rainey Street 5, walk right out the door to the hike and bike trail and enjoy all of the amenities that Milago has to offer including 24/7 concierge, private lounge, club room, exercise facility, and rooftop pool with hot tub. All this coupled with close proximity to shopping and dining and easy access to I-35, will make this a place you want to call home!

Last Agent to Sell the Property

Elizabeth Abeita

Orchard Brokerage License #0640941 Listed on: 09/09/2021

Orchard Brokerage

Last Buyer's Agent

Non Member

Non Member License #785011

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,795

Year Built

  • Built in 2005

Lot Details

  • Lake Front
  • Southwest Facing Home

HOA Fees

  • $424 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Oversized Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Assigned Parking

Property Views

  • Woods
  • Park or Greenbelt

Interior Spaces

  • 798 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Window Treatments
  • Solar Screens

Kitchen

  • Breakfast Bar
  • Convection Oven
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom
  • Soaking Tub
  • Spa Bath

Laundry

  • Laundry in Hall
  • Laundry on main level
  • Stacked Washer and Dryer Hookup

Home Security

  • Closed Circuit Camera
  • Smart Thermostat

Outdoor Features

  • Spa
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • ENERGY STAR Qualified Equipment
  • Unit is below another unit

Listing and Financial Details

  • Down Payment Assistance Available
  • Tax Lot PH20
  • Assessor Parcel Number 02030314410000
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, landscaping, ground maintenance, maintenance structure, parking, security, trash
  • Milago Homeowners Association
  • High-Rise Condominium
  • Milago Condo Amd Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Courtyard
  • Common Area
  • Community Mailbox

Recreation

  • Park
  • Dog Park
  • Trails

Pet Policy

  • Pet Amenities

Security

  • 24-Hour Security
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,795

Year Built

Built in 2005

Lot Details

0

HOA Fees

$424 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories), Single level Floor Plan, Neighbor Above
  • Restrictions: None
  • Year Built: 2005
  • Additional Parcels: No
  • Direction Faces: SW
  • Directions: I-35 N - Take exit 234A toward Holly St. Turn left onto River St. At the traffic circle, take the 3rd exit onto Rainey St. Home will be on the right
  • Disclosures: Other Disclosures, Seller Disclosure
  • Estimated Taxes: 10864.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: None
  • 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: 798.00
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling-High, Electric Dryer Hookup, High Speed Internet, No Interior Steps, Primary Bedroom on Main, Smart Thermostat, Soaking Tub, Stackable W/D Connections, Walk-In Closet(s), Washer Hookup
  • Laundry Location: In Hall, In Unit, Laundry Closet, Main Level
  • View: Lake, Park/Greenbelt, Trees/Woods, Water
  • Flooring: Carpet, Stone, Wood
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Convection Oven, Dishwasher, Disposal, Electric Range, Microwave, Electric Oven, Stainless Steel Appliance(s), Water Heater-Electric
  • Main Level Bedrooms: 1
  • Property Condition: Resale
  • Security Features: 24 Hour Security, Building Security, Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Smoke Detector(s)
  • Spa Features: Bath
  • Window Features: Solar Screens, Window Coverings

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Roof: See Remarks
  • Foundation: See Remarks
  • Patio And Porch Features: Covered
  • Pool Features: None
  • Private Pool: No
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 1.00
  • Parking Features: Assigned, Covered, Garage, Garage Door Opener, Oversized, Secured
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Internet-Cable, Internet-Fiber, Natural Gas Not Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Central, Electric, ENERGY STAR Qualified Equipment
  • Water Source: Public
  • Cooling: Central Air, Electric

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Security, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 423.51

Association/Amenities

  • Management Company: Somerset Assoc. Mgt.
  • Association Name: Milago Homeowners Association
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: BBQ Pit/Grill, Clubhouse, Cluster Mailbox, Common Grounds, Courtyard, Dog Park, Fitness Center, Google Fiber, High Speed Internet, Lake, Park, Pet Amenities, Picnic Area, Pool, 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: None
  • Parcel Number: 02030314410000
  • Lot Size Acres: 0.0050
  • Lot Size Sq Ft: 217.80
  • Subdivision Name: Milago Condo Amd

Building Info

  • Construction Materials: See Remarks
  • New Construction: No

Tax Info

  • Tax Filled Sqft Total: 798
  • Tax Lot: PH20
  • Tax Rate: 2.22667000000000
  • Tax Year: 2021
  • Tax Annual Amount: 7795.00
  • Tax Exemptions: Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2020
Closed on
Sep 8, 2020
Sold by
Davis Mark S and Davis Jane M
Bought by
Crepas Nicholas Weston and Crepas Lori Marie
Seller's Agent
Emily Apollo
All City Real Estate Ltd. Co
Buyer's Agent
Debra Newby
Redfin Corporation
List Price
$495,000
Current Estimated Value
$563,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.16%

Purchase Details

Listed on
May 3, 2018
Closed on
Jun 21, 2018
Sold by
Kaigler William R and White Karen M
Bought by
Davis Mark S and Davis Jane M
Seller's Agent
Carmen Petersen
Redfin Corporation
Buyer's Agent
Amy Brossette
Keller Williams - Lake Travis
List Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.44%

Purchase Details

Listed on
Mar 17, 2014
Closed on
Apr 7, 2014
Sold by
Brokeker Elsa and Sprunt Elsa
Bought by
Kaigler William R and White Karen M
Seller's Agent
Jonathan Friedmann
Friedmann Parks Realty
Buyer's Agent
Gregg Klar
Keller Williams - Lake Travis
List Price
$340,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$281,073
Interest Rate
4.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2006
Sold by
Jackson Scott
Bought by
Sprunt Elsa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,920
Interest Rate
6.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2006
Sold by
Fairfield Rainey Lp
Bought by
Jackson Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,920
Interest Rate
6.46%
Mortgage Type
Commercial
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
Crepas Nicholas Weston -- Austin Title Company
Davis Mark S -- Texas National Title
Kaigler William R -- None Available
Sprunt Elsa -- Alamo Title Company
Jackson Scott -- Alamo Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kaigler William R $294,316
Previous Owner Kaigler William R $281,073
Previous Owner Sprunt Elsa $231,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Sold -- -- --
09/18/2021 09/18/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $529,990 +7.1% $664 / Sq Ft
09/08/2020 09/08/20 Sold -- -- --
08/14/2020 08/14/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $495,000 +4.2% $620 / Sq Ft
06/21/2018 06/21/18 Sold -- -- --
06/01/2018 06/01/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $475,000 +39.7% $595 / Sq Ft
04/08/2014 04/08/14 Sold -- -- --
03/20/2014 03/20/14 Pending -- -- --
03/17/2014 03/17/14 For Sale $340,000 0.0% $426 / Sq Ft
03/01/2012 03/01/12 Rented $1,700 +3.0% --
02/09/2012 02/09/12 Under Contract -- -- --
02/07/2012 02/07/12 For Rent $1,650 -- --
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 $9,783 $428,291 $150,233 $278,058
2023 $10,416 $575,723 $150,233 $425,490
2022 $10,752 $544,441 $150,233 $394,208
2021 $10,620 $487,919 $75,117 $412,802
2020 $9,833 $458,431 $54,084 $404,347
2019 $10,070 $458,431 $54,084 $404,347
2018 $9,698 $438,017 $45,071 $392,946
2017 $9,464 $424,378 $45,071 $379,307
2016 $8,818 $395,387 $45,071 $350,316
2015 $8,478 $404,018 $45,070 $358,948
2014 $8,478 $356,255 $45,070 $311,185
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9214838

Unlock MLS (Austin Board of REALTORS®)

APN: 719771