Discover a unique opportunity to invest in one of East Austin’s most desirable areas with this residential lot at 1196 E M Franklin Avenue. This prime piece of real estate offers endless possibilities for developers, builders, and visionaries looking to capitalize on the booming Austin market. Spanning a generous 5,369 Sq Ft, this lot provides the perfect canvas for creating your dream home or a profitable development project. With its ideal location just minutes from downtown Austin, this lot combines the tranquility of a residential neighborhood with the convenience of urban living. As required by the city, water service has been upgraded for two separate meters, leaving the new owner to only install their specific meter for use. The city allows for up to 2300 SF dwelling to be built. Don’t miss this rare chance to secure a piece of East Austin’s future. Whether you're a seasoned investor or looking to start your real estate journey, this residential lot is an opportunity you won’t want to pass up. Buyer to verify all information.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (512) 942-7880
Listing Agent: Clay Byrne
Exterior Features
Exterior Information:
Waterfront: None
View: Neighborhood, Trees/Woods
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.12 Acres
Other
Directions Information:
Directions: From 183 (Bergstrom Expressway): Take the exit toward Springdale Rd. Merge onto Ed Bluestein Blvd. Turn right onto Springdale Rd. Turn left onto E 12th St. Turn right onto E M Franklin Avenue. The property will be on your left.
Price Information
Listing Price Info
Price Summary:
List Price: $154,900
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Austin, TX.
This property is $411.5K less than the Median Sold Price in Austin, TX.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ACTRIS
MLS Number: #2627719
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (512) 942-7880
Listing Agent: Clay Byrne
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.
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.
Last updated on: 11/21/2024, 12:20:49 PM 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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$841
Per Month
Principal & Interest
$774
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$531
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Oak Springs Elementary School
3601 Webberville Rd
Distance between this listing and this school0.72 miles
Public District Grades EE-5
6
/10
Ortega Elementary School
1135 Garland Ave
Distance between this listing and this school0.78 miles
Public District Grades EE-5
2
/10
Govalle Elementary School
3601 Govalle Ave
Distance between this listing and this school0.96 miles
Public District Grades PK-5
Nearby Schools
6
/10
Idea Health Professions College Preparatory
5816 Wilcab Rd
Distance between this listing and this school1.24 miles
Public Charter Grades 6-7
6
/10
Kealing Middle School
1607 Pennsylvania Ave
Distance between this listing and this school1.67 miles
Public District Grades 6-8
5
/10
Vista Academy of Austin-Mueller
1504 E 51st St Bldg E
Distance between this listing and this school2.02 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Texans Can Academy - Austin
2406 Rosewood Ave
Distance between this listing and this school0.93 miles
Public Charter Grades 9-12
2
/10
Eastside Early College High School
1012 Arthur Stiles Rd
Distance between this listing and this school1.56 miles
Public District Grades 9-12
2
/10
International High School
1012 Arthur Stiles Rd
Distance between this listing and this school1.56 miles
The neighbors living near this home have an average income of $44,605. Residents of Austin, TX typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1196 E M Franklin Ave Unit 2
What is the listing price of this property?
The listing price of 1196 E M Franklin Ave Unit 2 property is $154,900.
What type of property is this?
The property 1196 E M Franklin Ave Unit 2 is land located in Austin, Texas, 78721.
Is this property for sale now?
Active Listing: 1196 E M Franklin Ave Unit 2 is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 1196 E M Franklin Ave Unit 2 is 0.12 acres.
Interested in 1196 E M Franklin Ave Unit 2? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1196 E M Franklin Ave Unit 2 in Austin, TX and zip code 78721 in the MLK neighborhood. This home sits on a 0.12 acre lot. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $154,900.
Austin, TX housing market in October 2024 saw over 66 listings sold above listed price, more than 96 sold at listed price and over 506 sold below. Between September 2024 and October 2024, Austin, TX real estate market has seen increase in the number of listings by 6.3%. In October 2024 median list price was $566,430 and the average listing age was 72 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Soccer
Soccer
Mexican League Soccer
NHRA Drag Racing
Forever 21
Books-a-Million
Big Lots
Dominos Pizza
Church's Chicken
Golden Corral
Mazda
Toyota
Kia
Rhythmic Contemporary Hits