6 months on rocket

54 Rainey St Unit 322, Austin, TX, 78701

$750,000

Home List Price

$8,906*

Closing Credit

2 Bedrooms
2 Full Baths
1,212 SqFt
$619/SqFt
Condo
Schools Nearby

Location

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54 Rainey St Unit 322, Austin$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Electric Gate, Covered, Guest
Garage2 spaces
Year Built2005
HeatingCentral
CoolingCentral Air
WaterfrontRiver Front
ViewPark
MLS #2827536
Lot Size0.01 Acres
StatusActive

About 54 Rainey St Unit 322

First time to market! Rare northwest corner two bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought after combination of serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful updates to closets, lighting, windows treatments, plumbing, electric, HVAC, AV, and more. With none of the maintenance issues to worry about, the new owner can focus on the tranquil setting, park and lake, and enjoyment of the private terrace that leads out to the main terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather in the privacy of your terrace. The Milago Condominiums building is adjacent to Lady Bird Lake and the acclaimed Anna and Roy Butler Hike-and-Bike Trail. Building amenities are robust and include a full time, on-site manager, 24/7 concierge, furnished lobby, first floor terrace and WiFi lounge, bicycle storage, third floor terrace with seating and BBQ area, fitness center, club room, and rooftop pool and hot tub with additional grilling area. Emma S. Barrientos Mexican American Cultural Center expansion and the Waller Beach at Town Lake Metropolitan Park are set to finalize in Q1/Q2 2025 and will add tremendous value and beauty to the view and the property.

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Stories: 1
  • Living Area: 1,212 SqFt

Listing Office:

  • Office Name: Gottesman Residential R.E.
  • Office Phone: (512) 451-2422
  • Listing Agent: Anna Anami Hardeman

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Oven, Refrigerator, Washer
  • Flooring Type: Wood
  • Interior: Breakfast Bar, Bookcases, Built-in Features, Entrance Foyer, Granite Counters, Main Level Primary, No Interior Steps, Open Floorplan, Walk-In Closet(s), High Speed Internet

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: River Front
  • View: Park
  • Exterior: Balcony

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Assigned, Electric Gate, Covered, Guest

Lot Features

Lot Information:

  • Lot: Near Park
  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Austin High School, Public District Grades 9-12
  • O. Henry Middle School, Public District Grades 6-8
  • Matthews Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: East on Cesar Chavez, right on Red River Street, make first left, right on Rainey Street, building is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $619/SqFt

HOA Fees:

  • Amount: $836
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Austin, TX.

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Austin, TX

City

Med. Sold Price

$568.3K

Med. Price/SqFt

$310

Avg. Days On Market

46

# of Sold Homes

925

54 Rainey St Unit 322 vs Austin

204 DAYS ON ROCKET

+158 Days

$750,000

+$181.6K More

$619/SqFt

+$308 More

KEY TAKEAWAY

This property is $181.6K more than the Median Sold Price and $308/SqFt more than other homes in Austin, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ACTRIS
  • MLS Number: #2827536

Listing Office:

  • Office Name: Gottesman Residential R.E.
  • Office Phone: (512) 451-2422
  • Listing Agent: Anna Anami Hardeman

IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2024 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 5/3/2024, 3:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5135753
6
/10

  • Matthews Elementary School

  • 906 Westlynn St

  • 1.95 miles

  • Public District Grades PK-6

Middle School

school-card-donut-5135754
5
/10

  • O. Henry Middle School

  • 2610 W 10th St

  • 2.85 miles

  • Public District Grades 6-8

High School

school-card-donut-5135755
6
/10

  • Austin High School

  • 1715 W Cesar Chavez St

  • 2.07 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,389. The majority of Austin, TX residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 54 Rainey St Unit 322

What is the listing price of this property?

The listing price of 54 Rainey St Unit 322 property is $750,000.

What type of property is this?

The property 54 Rainey St Unit 322 is a condo located in Austin, Texas, 78701.

Is this property for sale now?

Active Listing: 54 Rainey St Unit 322 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 54 Rainey St Unit 322 are:
Matthews Elementary School: GreatSchools Rating 6/10
O. Henry Middle School: GreatSchools Rating 5/10
Austin High School: GreatSchools Rating 6/10

How many bedrooms and bathrooms does this property have?

The property at 54 Rainey St Unit 322 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 54 Rainey St Unit 322 is 1,212 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 54 Rainey St Unit 322 is 2005.

Rocket Homes›Texas›Travis County›Austin›78701›54 Rainey St Unit 322

This home is located at 54 Rainey St Unit 322 in Austin, TX and zip code 78701 in the Downtown neighborhood. This 1,212 square foot home, which was built in 2005, sits on a 0.01 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 11, 2023 and is currently priced at $750,000.

While more than 195 listings in Austin, TX in April 2024 were sold above asking price, there were more than 158 listings sold at asking price, and more than 571 were sold below. The number of listings in Austin, TX increased by 18.7% between March 2024 and April 2024. The median list price of listings available in April 2024 was $568,336, while the average time on the real estate market was 46 days.

From Rocket Homes Real Estate and based on county public records data.

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