5 months on rocket

54 Rainey St Unit 1215, Austin, TX, 78701

$460,000

Home List Price

$5,463*

Closing Credit

1 Bedroom
1 Full Bath
756 SqFt
$608/SqFt
Condo

Location

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54 Rainey St Unit 1215, Austin$460,000

Buyer Closing Credits

$5,463*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Garage, Gated, Guest
Garage1 space
Year Built2005
HeatingElectric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontLake Front
ViewCity
MLS #5232714
Lot Size0.00 Acres
StatusActive

About 54 Rainey St Unit 1215

Come live on the lake! This unique East facing Milago Condo with a roomy Balcony on Lady Bird Lake captures the morning sun and has wonderful natural light throughout the day from every room. Granite Counters, Stainless Appliances, Full Size Stack Whirlpool W/D, Wood Floors throughout, Motorized Solar Shades, Custom Closet Organizer, one reserved parking space and NEW 2024 HVAC. The furniture is available and negotiable. Milago is located in the Rainey St Historical District in Austin on Lady Bird Lake with restaurants, a med spa, a hair salon and a boutique grocery store conveniently located right across the street. There is plenty of vibrant nightlife/live music up the block. Milago has 24 Hour Front Desk Staff and On-Site Professional Management. Bike, Paddle Board, Kayak, Run, Walk, have dinner and a cocktail and listen to live music - your choice! It doesn’t get any better. Milago Condominium is an amazing value in the downtown Austin area. Reserved Pkg Space #B24 LEASE PERMITS ARE AVAILABLE!

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Stories: 1
  • Living Area: 756 SqFt

Listing Office:

  • Office Name: Lux Haus Realty
  • Office Phone: (512) 770-6300
  • Listing Agent: Joanne Flynn

Interior Features

Interior Information:

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Range, Refrigerator, Disposal, Microwave
  • Flooring Type: Tile, Wood
  • Interior: Breakfast Bar, Ceiling Fan(s), Granite Counters

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • View: City
  • Exterior: Balcony

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Garage, Gated, Guest

Lot Features

Lot Information:

  • Lot Size: 0.00 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: From Cesar Chavez, turn South on Red River, left on Driskill or Davis, Right on Rainey St. Milago is at the very end of Rainey on the right. There is Guest Parking in the open garage to the right of the Milago front door. Or there is 15 min parking allowed right in front of the building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $460,000
  • Price Per SqFt: $608/SqFt

HOA Fees:

  • Amount: $522
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Austin, TX.

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Austin, TX

City

Med. Sold Price

$567.4K

Med. Price/SqFt

$308

Avg. Days On Market

74

# of Sold Homes

602

54 Rainey St Unit 1215 vs Austin

167 DAYS ON ROCKET

+93 Days

$460,000

-$107.4K Less

$608/SqFt

+$300 More

KEY TAKEAWAY

This property is $107.4K less than the Median Sold Price and $300/SqFt more than other homes in Austin, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ACTRIS
  • MLS Number: #5232714

Listing Office:

  • Office Name: Lux Haus Realty
  • Office Phone: (512) 770-6300
  • Listing Agent: Joanne Flynn

IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2024 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/18/2024, 7:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,885

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,446

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4436538
5
/10

  • Sanchez Elementary School

  • 73 San Marcos St

  • 0.28 miles

  • Public District Grades PK-5

school-card-donut-4436539
7
/10

  • Travis Heights Elementary School

  • 2010 Alameda Dr

  • 1.12 miles

  • Public Charter Grades EE-5

school-card-donut-4436540
6
/10

  • Zavala Elementary School

  • 310 Robert T Martinez Jr St

  • 1.14 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,389. The majority of Austin, TX residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 54 Rainey St Unit 1215

What is the listing price of this property?

The listing price of 54 Rainey St Unit 1215 property is $460,000.

What type of property is this?

The property 54 Rainey St Unit 1215 is a condo located in Austin, Texas, 78701.

Is this property for sale now?

Active Listing: 54 Rainey St Unit 1215 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 54 Rainey St Unit 1215 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 54 Rainey St Unit 1215 is 756 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 54 Rainey St Unit 1215 is 2005.

Rocket Homes›Texas›Travis County›Austin›78701›54 Rainey St Unit 1215

This home is located at 54 Rainey St Unit 1215 in Austin, TX and zip code 78701 in the Downtown neighborhood. This 756 square foot home, which was built in 2005, sits on a 0.00 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $460,000.

In November 2024, from all listings sold in Austin, TX there were more than 59 sold above asking price, over 446 sold below and more than 96 were sold right at the asked price. The number of homes for sale in Austin, TX decreased by 1.1% between October 2024 and November 2024. While the average time on the market in November 2024 was 74 days, the median list price was $567,441.

From Rocket Homes Real Estate and based on county public records data.

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