54 Rainey ST # 322, Austin TX 78701

$ 839,000
54 Rainey ST # 322, Austin TX 78701, ,

Overview

  • Property ID
  • 119529
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,212 ft2
  • 0 ac

Description

First time to market! Rare northwest corner two bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought after combination of serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful updates to closets, lighting, windows treatments, plumbing, electric, HVAC, AV, and more. With none of the maintenance issues to worry about, the new owner can focus on the tranquil setting, park and lake, and enjoyment of the private terrace that leads out to the main terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather in the privacy of your terrace.
The Milago Condominiums building is adjacent to Lady Bird Lake and the acclaimed Anna and Roy Butler Hike-and-Bike Trail. Building amenities are robust and include a full time, on-site manager, 24/7 concierge, furnished lobby, first floor terrace and WiFi lounge, bicycle storage, third floor terrace with seating and BBQ area, fitness center, club room, and rooftop pool and hot tub with additional grilling area.
Emma S. Barrientos Mexican American Cultural Center expansion and the Waller Beach at Town Lake Metropolitan Park are set to finalize in Q1/Q2 2025 and will add tremendous value and beauty to the view and the property.

Outdoor Details
balcony
Other Features
Bookcases
Breakfast Bar
Built-in Features
Dishwasher
Disposal
Electrical Utility Available
Entrance Foyer
Free-Standing Electric Range
Granite Counters
Has Waterfront
High Speed Internet
Home Owners Association
Microwave
No Interior Steps
Open Floorplan
Oven
Primary Bedroom on Main
Property Attached
Refrigerator
Walk-In Closet(s)
Washer/Dryer
Property Id : 119529
Price: $ 839,000
Property Size: 1,212 ft2
Property Lot Size: 0 ac
Bedrooms: 2
Bathrooms: 2
Syndication Remarks: First time to market! Rare northwest corner two bedroom residence for sale on the prized terrace level of the Milago Condominiums building. A sought after combination of serene, private setting and beautiful light-filled living spaces. Original owners have taken meticulous care of the home from recent wood flooring and paint (2021) to recent Bosch and GE microwave dishwasher and refrigerator (2020), LG electric range and LG washer and dryer (2023) and on down the line. Turn key, elevated, and thoughtful updates to closets, lighting, windows treatments, plumbing, electric, HVAC, AV, and more. With none of the maintenance issues to worry about, the new owner can focus on the tranquil setting, park and lake, and enjoyment of the private terrace that leads out to the main terrace. Perfect for children, dogs, gatherings, and just stretching out with a good book enjoying the weather in the privacy of your terrace. The Milago Condominiums building is adjacent to Lady Bird Lake and the acclaimed Anna and Roy Butler Hike-and-Bike Trail. Building amenities are robust and include a full time, on-site manager, 24/7 concierge, furnished lobby, first floor terrace and WiFi lounge, bicycle storage, third floor terrace with seating and BBQ area, fitness center, club room, and rooftop pool and hot tub with additional grilling area. Emma S. Barrientos Mexican American Cultural Center expansion and the Waller Beach at Town Lake Metropolitan Park are set to finalize in Q1/Q2 2025 and will add tremendous value and beauty to the view and the property.
Parking Features: Assigned,Covered,Electric Gate
Lot Size(acres): 0.007
Lot Size(sf): 304.92
Builder Name: Fairfield
Est. Taxes: 14811.92
FEMA Flood Plain: No
Laundry Location: Laundry Closet
#Dining: 1
#Living: 1
Property Match: APN
$/SF: 692.24
Special Assessment: No
Tax Area (sf): 1212
Unit Style: High Rise (8-13 Stories),End Unit,Neighbor Above
Accessibility Features: None
HOA Fee: 836.38
HOA Fee Frequency: Monthly
HOA includes: Common Area Maintenance,Trash
HOA Name: Somerset
Full Baths: 2
Half Baths: 0
Total Baths: 2
Community Features: BBQ Pit/Grill,Cluster Mailbox,Common Grounds,Concierge,Conference/Meeting Room,Covered Parking,Fitness Center,Garage Parking,Gated,Google Fiber,High Speed Internet,Lake,Lounge,Package Service,Pool,Property Manager On-Site,Recycling Area/Center,Storage,Street Lights,Walk/Bike/Hike/Jog Trail(s
Construction Materials: Brick,Stucco
Cooling: Central Air
Covered Spaces: 2
Faces: NW
Directions: East on Cesar Chavez, right on Red River Street, make first left, right on Rainey Street, building is on the right.
Elem School: Mathews
Elem School District: Austin ISD
Fencing: Privacy
#Fireplaces: 0
Flooring: Wood
Foundation Details: Combination
Garage Spaces: 2
Heating: Central
High School: Austin
High School District: Austin ISD
Levels: One
Listing ID: 2827536
Acceptable Financing: Cash,Conventional,FHA,VA Loan
SF Source: Public Records
Lot Features: Back to Park/Greenbelt
MLS Area: DT
Main Level Beds: 2
Middle School: O Henry
Middle School District: Austin ISD
Status: Active
Other Structures: None
Parcel#: 02030312240000
Patio And Porch Features: Covered,Enclosed,Terrace
Pool Features: None
Possession: See Remarks
Property Condition: Resale
Roof: Concrete
Sewer: Public Sewer
Spa Features: Heated,Hot Tub,In Ground
Special Listing Conditions: Standard
Tax Annual($): 14811.92
Unit#: 322
Utilities: Cable Available,Electricity Available,Internet-Fiber,Phone Available,Sewer Available,Water Available
View: Park/Greenbelt
Water Body Name: Lady Bird Lake
Water Source: Public
Waterfront Features: River Front
Window Features: Window Coverings
Year Built: 2005
$ 5,745.65
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 4,242.44
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Gerald Bodle, MBA