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54 Rainey St Unit 617, Austin, TX, 78701

$499,900

Home List Price

$5,936*

Closing Credit

1 Bedroom
1 Full Bath
865 SqFt
$578/SqFt
Condo

Location

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54 Rainey St Unit 617, Austin$499,900

Buyer Closing Credits

$5,936*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Garage, Secured
Garage1 space
Year Built2005
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
WaterfrontNone
ViewCity
Private PoolYes
MLS #1268418
StatusActive

About 54 Rainey St Unit 617

This meticulously maintained urban condo at the Milago offers stylish living at the end of Rainey Street, with direct access to Lady Bird Lake, the hike and bike trail, and a lively array of dining and entertainment spots just steps away. This one-bedroom, one-bath condo showcases European plank hardwood floors, custom paint (entire condo & ceiling painted 2020), granite countertops, stainless steel appliances, a custom closet organizer, and a functional, open floor plan designed to maximize both space and comfort. Recently replaced in 2020 Rheem electric water heater and hvac. The Milago offers exceptional amenities, including a rooftop pool and hot tub with sweeping downtown views along with grills and seating, and a spacious 3rd-floor terrace outdoor seating— perfect for entertaining. Residents also enjoy 24-hour concierge service, a fitness center, a clubroom, a Wi-Fi lounge, and convenient bike storage. Recent updates include a refreshed lobby, new pool furniture, and BBQ grills. For added convenience, a grocery store is located just across the street, with the vibrant Rainey Street Entertainment District right at your doorstep, offering a variety of popular restaurants and bars. This condo blends luxury, convenience, and unbeatable location for the ultimate urban lifestyle. (Laundry located in bathroom closet. Contact HOA for information on building materials.) *Buyer to independently verify all information including but not limited to taxes, restrictions, schools, square footage, Hoa dues, year built, etc. Tax estimate is taking 2024 assessment x 2023 tax rate. Actual tax is 2023 tax amount.

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Stories: 1
  • Living Area: 865 SqFt

Listing Office:

  • Office Name: The Leaders Realty, LLC
  • Office Phone: (512) 695-5144
  • Listing Agent: Kristee Leonard

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Stainless Steel Appliance(s)
  • Flooring Type: Tile, Wood
  • Interior: Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Main Level Primary, Open Floorplan, Smart Thermostat, Walk-In Closet(s), High Speed Internet

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: None
  • View: City
  • Exterior: None

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Garage, Secured

Lot Features

Lot Information:

  • Lot: Near Public Transit

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,900
  • Price Per SqFt: $578/SqFt

HOA Fees:

  • Amount: $596
  • Frequency: Monthly
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Housing Market Comparison

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

Med. Sold Price

$566.4K

Med. Price/SqFt

$307

Avg. Days On Market

72

# of Sold Homes

669

54 Rainey St Unit 617 vs Austin

34 DAYS ON ROCKET

-38 Days

$499,900

-$66.5K Less

$578/SqFt

+$270 More

KEY TAKEAWAY

This property is $66.5K less than the Median Sold Price and $270/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: #1268418

Listing Office:

  • Office Name: The Leaders Realty, LLC
  • Office Phone: (512) 695-5144
  • Listing Agent: Kristee Leonard

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: 11/21/2024, 8:20:47 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.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-225828
5
/10
  • Sanchez Elementary School

  • 73 San Marcos St

  • 0.28 miles

  • Public District Grades PK-5

school-card-donut-225829
7
/10
  • Travis Heights Elementary School

  • 2010 Alameda Dr

  • 1.12 miles

  • Public Charter Grades EE-5

school-card-donut-225830
6
/10
  • Zavala Elementary School

  • 310 Robert T Martinez Jr St

  • 1.14 miles

  • Public District Grades EE-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,389. Residents of Austin, TX typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 54 Rainey St Unit 617

What is the listing price of this property?

The listing price of 54 Rainey St Unit 617 property is $499,900.

What type of property is this?

The property 54 Rainey St Unit 617 is a condo located in Austin, Texas, 78701.

Is this property for sale now?

Active Listing: 54 Rainey St Unit 617 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 617 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 54 Rainey St Unit 617 is 865 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 54 Rainey St Unit 617 is 2005.

Rocket Homes›Texas›Travis County›Austin›78701›54 Rainey St Unit 617

This home is located at 54 Rainey St Unit 617 in Austin, TX and zip code 78701 in the Downtown neighborhood. This 865 square foot home was built in 2005. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $499,900.

In October 2024, from all listings sold in Austin, TX there were more than 66 sold above asking price, over 506 sold below and more than 96 were sold right at the asked price. In October 2024 in Austin, TX there were 6.3% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $566,430, while the average time on the real estate market was 72 days.

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

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