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$592,000

54 Rainey ST 413, Austin, TX, 78701

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths2 Bath
Baths1,164 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.15 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Exhaust Fan, Microwave, Electric Range, Refrigerator, Stainless Steel Appliance(s)
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Outdoor Kitchen
Lot Size292 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN02030312380000
Lot Number413
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 413 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
Census Tract001103
Assessed Land Value$219,150
Assessed Improvement Value$223,283
Assessment Year2025

About this property

Luxury condo that was recently remodeled featuring granite counter tops, stainless steel appliances, hardwood floors, and both bedrooms have a full en suite bathroom with walk-in closets. Urban complex is located on Lady Bird Lake with easy access to the gorgeous running/biking Trail. Rooftop pool, hot tub, and terrace with views of Downtown Austin and Town Lake. Fitness center with lake views. Modern club room on 2nd floor. 24 hour concierge.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,007/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,124
$442,433
2025
$219,150
$223,283
$442,433
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,124
$442,433

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Falcon International Bank
Commercial
$300,000
No
First
Mar 24, 2014
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,881
$373,119
63%
37%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$1,799/mo
+$641/mo
4.9%

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.

Explore Texas Explore This Area
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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