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$624,517

NAL Estimated Property Value

54 Rainey ST 1021, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,164 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$626.19 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Stainless Steel Appliance(s), Electric Water Heater
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Uncovered Courtyard
Lot Size292 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN02030313840000
Lot Number1021
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 1021 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
Census Tract001103
Assessed Land Value$219,150
Assessed Improvement Value$405,367
Assessment Year2025

About this property

Lovely two bedroom, two bathroom condo right on Ladybird Lake & the Hike and Bike Trail. Open kitchen design with stainless steel appliances, granite countertops. Ample countertop & cabinet space. Including a kitchen island/ breakfast bar. The unit has recently been completely renovated: wood flooring refinished, the walls, doors and trim have been freshly painted. Washer & dryer will convey. This condo has north facing light with spectacular views of downtown Austin & the river that will never be blocked thanks to the close proximity of Emma S. Barrientos Mexican American Cultural Center! Unit includes a nest thermostat and is wired for Google Fiber Service. Two prime garage parking spots are included. The parking spots are on the second floor & close proximity to the freight elevator. Other amenities include a rooftop pool/hot tub, fitness center, wifi lounge and 24/7 concierge. Close to all Downtown Austin living & lifestyle has to offer.

Investor Tools

Property Icon
$624,517
Estimated Property Value
$0Estimated Mortgage Balance
$624,517Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,373 /month
Positive
Cash Flow Estimate:
$1,458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,458/month
$618/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,374
$624,517
2025
$219,150
$405,367
$624,517
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,374
$624,517

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$624,517
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$618/mo
+$1,822/mo
4.7%

City: Austin

54 Rainey ST 1021 | Property Details | No Agent List