$154,900
SOLD MAR 14, 2025
Last list price

1196 E M Franklin Ave Unit 2 Austin, TX 78721

East MLK Neighborhood
0.12 Acre
$1,259,350 Price per Acre
5,358 Sq Ft Lot

Recently Sold

157 Days on Market

Highlights

  • View of Trees or Woods
  • No HOA
  • Level Lot

About This Lot

As of March 2025

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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 MLS information. Do you have a house to sell? Call today to learn more about our tiered marketing programs.

Last Agent to Sell the Property

Clay Byrne

Keller Williams Realty Brokerage Phone: (512) 942-7880 License #0469701 Listed on: 09/03/2024

Keller Williams Realty

Co-Listed By

Josh Godwin

Keller Williams Realty Brokerage Phone: (512) 942-7880 License #0708091

Last Buyer's Agent

Kristi Rowland

Compass RE Texas, LLC License #0830098

Compass RE Texas, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,488

Lot Details

  • 5,358 Sq Ft Lot
  • Level Lot
  • Property is in good condition

Property Views

  • Woods
  • Neighborhood

Schools

  • Norman-Sims Elementary School
  • Martin Middle School
  • Northeast Early College High School

Community Details

  • No Home Owners Association
  • 1196 Em Franklin Avenue Condos Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02091614030000

Property Details

Property Type

Land

Est. Annual Taxes

$2,488

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Additional Parcels: No
  • 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.
  • Disclosures: None
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Co List Office Mls Id: ACT0991
  • Co List Office Phone: (512) 448-4111
  • Attribution Contact: (512) 942-7880
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 2488.00
  • FEMA Flood Plain: No
  • Current Price Lot Size Squ: 28.91
  • "Current Price By Original ": 0.78
  • List Price Lot Size Square: 28.91
  • List Price By Original Lis: 0.78
  • Restrictions: City Restrictions,Deed Restrictions
  • Tax Exemptions: None
  • Mineral: None
  • Special Features: None

Interior Features

  • View: Neighborhood, Trees/Woods
  • Property Condition: Good

Exterior Features

  • Waterfront Features: None
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • Elementary School: Norman-Sims
  • High School: Northeast Early College
  • Middle/Junior School: Martin
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: Level
  • Parcel Number: 02091614030000
  • Lot Size Acres: 0.123
  • Lot Size Sq Ft: 5357.88
  • Subdivision Name: 1196 Em Franklin Avenue Condos

Building Info

  • New Construction: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2487.71
  • Tax Rate: 1.80920000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Mar 14, 2025
Sold by
Brass Holdings Llc
Bought by
Chin Lilibeth and Chin Robert
Seller's Agent
Clay Byrne
Keller Williams Realty
Buyer's Agent
Kristi Rowland
Compass RE Texas, LLC
List Price
$199,000
Views
59
Current Estimated Value
$181,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.98%

Purchase Details

Closed on
Jul 10, 2023
Sold by
R & Y Holdings Llc
Bought by
Brass Holdings Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Austin Title Company
Warranty Deed -- Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2025 03/14/25 Sold -- -- --
11/13/2024 11/13/24 Price Changed $154,900 -8.3% --
10/16/2024 10/16/24 Price Changed $169,000 -5.6% --
09/25/2024 09/25/24 Price Changed $179,000 -10.1% --
09/03/2024 09/03/24 For Sale $199,000 -- --
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,725 $137,500 $137,500 --
2023 $2,725 $165,000 $165,000 --
2022 $3,259 $165,000 $165,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 2627719

Unlock MLS (Austin Board of REALTORS®)

APN: 955340