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$694,000

NAL Estimated Property Value

54 Rainey ST 321, Austin, TX, 78701

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths2 Bath
Baths1,164 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.79 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesOven, Dishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Free-Standing Range, Refrigerator, Stainless Steel Appliance(s)
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size292 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN02030312230000
Lot Number321
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 321 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
Census Tract001103
Assessed Land Value$219,150
Assessed Improvement Value$346,367
Assessment Year2025

About this property

A rare gem! Luxury living on Rainey Street with an extraordinary bonus rare to downtown condos: a private 600sf terrace for outdoor dining and entertaining. High end 2 bed 2 bath in phenomenal Milago building located directly on the hike and bike trail and right next to Lady Bird Lake. Milago boasts rooftop pool and lounge, fitness center and club room, all with a great community vibe. Within walking distance to downtown offices Note $300 move-in fee. Move in before 1st June is possible if needed.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,279/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,876
$565,517
2025
$219,150
$346,367
$565,517
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,876
$565,517

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Commercial
$240,000
No
First
Jun 22, 2012
Jun 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,499
$530,501
76%
24%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$1,439/mo
+$1,001/mo
4.2%

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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54 Rainey ST 321 | Property Details | No Agent List