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$406,640

NAL Estimated Property Value

54 Rainey St Apt 403, Austin, TX, 78701

Off MarketInfo
LeaseInfo
Beds1 Beds
Baths1 Bath
Baths865 Sq Ft
price_per_sqft$2.66 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesMicrowave, Free-Standing Electric Oven, Free-Standing Electric Range, Refrigerator, Stainless Steel Appliance(s)
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesNone
Lot Size218 sqft

Building Information

Year Built2005
Stories1
Garage Spaces1

Land Information

APN02030312280000
Lot Number403
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 403 MILAGO CONDOMINIUMS AMENDED PLUS .328 % INT IN COM AREA
Census Tract001103
Assessed Land Value$162,623
Assessed Improvement Value$244,017
Assessment Year2025

About this property

Experience the best of Austin living in this stunning 1-bedroom, 1-bathroom condo at the highly sought-after Milago Condominiums on Rainey Street. Just steps from vibrant nightlife, renowned restaurants, and Lady Bird Lake, this home offers the perfect balance of energy and tranquility. Inside, you'll find a spacious, light-filled layout with beautiful hardwood flooring in the living areas and sleek modern finishes throughout. The chef’s kitchen is designed for both style and functionality, featuring granite countertops, a breakfast bar, and stainless-steel appliances. The large bedroom boasts a ceiling fan, a generous walk-in closet, and an en-suite bath with a granite-topped vanity, ample storage, and a tub/shower combo. A dedicated office or flex space and in-unit laundry add to the convenience. Milago’s world-class amenities set this residence apart, offering a rooftop pool and terrace with breathtaking skyline views, a BBQ and lounge area, a stylish clubroom, and a ground-floor Wi-Fi lounge. Residents also enjoy 24-hour concierge service, bike and canoe/kayak storage, and direct access to the lake via a private dock—perfect for outdoor enthusiasts. With easy access to downtown, public transportation, and the scenic trails of Lady Bird Lake, this condo delivers an unparalleled lifestyle in one of Austin’s most dynamic neighborhoods. Don’t miss this opportunity—schedule a private tour today! *This unit is available for rent with the option to be furnished or unfurnished. The monthly rental rate is $2,600 if furnished and $2,300 if unfurnished.*

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$733/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,759
$406,640
2025
$162,623
$244,017
$406,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,759
$406,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$337,500
No
First
Jun 10, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$306,442
$133,558
30%
75%
$2,024/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,024/mo
+$56/mo
6.1%

City: Austin

54 Rainey St Apt 403 | Property Details | No Agent List