Condo / High-rise home in 54 Rainey St #502 Austin, TX
This Condo condo in Austin, TX offers 3 bedrooms and 2 bathrooms across 1,557 square feet. Its Condo character defines the property's look.
| Price | $849,500 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1557 |
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| Architectural style | Condo / High-rise (83% match) |
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| Address | 54 Rainey St #502 Austin, TX 78701 |
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Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $850K, this home is 98% above the $429K median for 455 similar Condo / High-rise homes in Austin, TX.
- That works out to $546 per square foot, 44% above the $380 comparable rate.
- On the market 60 days, longer than usual here, so the seller may be open to offers.
| This home | $849,500 |
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| Condo / High-rise median in Austin, TX | $429,000 (455 homes) |
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| Price per sq ft | $546 vs. $380 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $6,158/month with 20% down at a 7.28% 30-year fixed rate. You would need about $263,904 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $4,650/mo |
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| Property tax (new-buyer reassessed rate) | $1,189/mo |
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| Homeowners insurance | $319/mo |
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| Total monthly | $6,158/mo |
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| Down payment (20%) | $169,900 |
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| Income needed | $263,904/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home D (48 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | D (48/100) |
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| Beats renting in | 3% of modeled paths |
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| Modeled 5-yr equity (median) | $319,403 |
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| Range (10th to 90th pct) | $168,693 to $502,334 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Austin, TX where local data is thin.
Local home values
Typical home values in Austin, TX have fallen about 14% over the past 5 years (-5% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto