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$472,244

NAL Estimated Property Value

54 Rainey St Apt 1203, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths865 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$449.71 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Free-Standing Electric Range, Refrigerator, Washer/Dryer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size218 sqft

Building Information

Year Built2005
Stories1
Garage Spaces1

Land Information

APN02030314090000
Lot Number1203
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 1203 MILAGO CONDOMINIUMS AMENDED PLUS .328 % INT IN COM AREA
Census Tract001103
Assessed Land Value$162,623
Assessed Improvement Value$309,621
Assessment Year2024

About this property

LOWEST PRICE ONE BEDROOM/ONE BATH + DEN (and per sqft) IN THE BUILDING AND IN IMMACULATE CONDITION! This property was rarely used as a secondary home. Discover Your Urban Oasis at Milago Condos in the heart of Downtown Austin. Milago was the first downtown waterfront building on Rainey Street. This meticulously cared for 865sqft one-bedroom, one-bath condo with a den offers the perfect blend of sophistication and comfort. With large windows to let in natural light and an open concept kitchen, living and dining, the property provides a tranquil escape from the bustling urban landscape. The community features many amenities including a rooftop pool and hot tub with grills overlooking Lady Bird Lake and the beautiful downtown skyline, a landscaped courtyard on the 3rd floor with additional grilling area, conference room, or entertain guests in the stylishly appointed clubroom. With a state-of-the-art fitness center and 24-hour concierge service, Milago ensures your easy living coupled with upscale amenities. Experience the best of Austin living right outside your door. Immerse yourself in the vibrant culture of Rainey Street, where eclectic dining, lively bars, and entertainment options abound. Explore the trails of Lady Bird Lake right outside your building, kayak or paddle on the lake, or catch a live music performance on Sixth Street – the possibilities are endless. Don't miss this rare opportunity to own a piece of Austin's dynamic lifestyle. Schedule your private tour of Milago Condos today and discover the urban oasis you've been searching for.

Investor Tools

Property Icon
$472,244
Estimated Property Value
$286,613Estimated Mortgage Balance
$186,069Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,833 /month
Positive
Cash Flow Estimate:
$944 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$977/month
$668/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,359
$472,244
2024
$162,623
$309,621
$472,244
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,359
$472,244

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loanpeople Llc
Conventional
$291,750
No
First
Apr 11, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,613
$185,631
39%
61%
$1,750/mo

City: Austin

54 Rainey St Apt 1203 | Property Details | No Agent List