NOT LISTED FOR SALE

1211 E M Franklin Ave Austin, TX 78721

East MLK Neighborhood

Estimated Value: $268,000 - $388,152

0.3 Acre
$1,073,114 Price per Acre
12,981 Sq Ft Lot

Sale Details

Date Sold: November 11, 2025

Current estimated payment $2,349 / mo

61 Days on Market

About This Lot

As of November 2025

Rare opportunity in Central East Austin lot!!!! New construction all around, Huge upside and growth area. Dream lot for builders and developers, or come build your dream home. Unbeatable location, large lot just under 13,000 square feet land and zoned SF-3 for endless posibilities. This gem will not last long!

Last Agent to Sell the Property

Parham Lalezari

Summit Realty & Associates LLC License #0754650 Listed on: 09/09/2025

Last Buyer's Agent

Parham Lalezari

Summit Realty & Associates LLC License #0754650 Listed on: 09/09/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,465

Lot Details

  • 12,981 Sq Ft Lot

Schools

  • SIMS Elementary School
  • Martin Middle School
  • Northeast Early College High School

Community Details

  • Division B Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$7,465

Lot Details

0.3 Acres

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.298
  • Subdivision Name: Division B
  • UniversalParcelId: urn:reso:upi:2.0:US:48453:202441
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Disclosures: None
  • Lot Features: Subdivision

Utilities

  • Sewer: Public Sewer

Schools

  • Elementary School: SIMS ELEMENTARY SCHOOL
  • Junior High Dist: 111 - Austin
  • High School: NORTHEAST EARLY COLLEGE HIGH SCHOOL
  • Middle Or Junior School: MARTIN MIDDLE SCHOOL (AUSTIN)

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7465.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2025
Closed on
Nov 5, 2025
Sold by
Zari Investments Llc and Rice Capital Solo 401K Plan Sean Reisman
Bought by
Peace On Peace Llc
Seller's Agent
Parham Lalezari
Summit Realty & Associates LLC
Buyer's Agent
Parham Lalezari
Summit Realty & Associates LLC
List Price
$349,000
Views
19
Current Estimated Value
$319,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.13%

Purchase Details

Closed on
Jun 4, 2025
Sold by
Coughlin Cody R
Bought by
Reisman Sean and Zari Investments Llc

Purchase Details

Closed on
Oct 25, 2018
Sold by
Manuel Silvia
Bought by
Ugarte Petra D

Purchase Details

Closed on
Feb 2, 1998
Sold by
Sneed Cindy and Sneed Joseph P
Bought by
Silvia Ugarte Petra D and Silvia Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,335
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 3, 1997
Sold by
Sneed P W
Bought by
Sneed Cindy and Hernandez Fern

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.94%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Peace On Peace Llc -- Capital Title
Reisman Sean $155,655 None Listed On Document
Ugarte Petra D -- None Available
Silvia Ugarte Petra D -- Alamo Title Company
Sneed Cindy -- Austin Title Company
Sneed Cindy -- Austin Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silvia Ugarte Petra D $49,335
Previous Owner Sneed Cindy $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2025 11/11/25 Sold -- -- --
10/09/2025 10/09/25 Price Changed $334,999 -4.0% $499 / Sq Ft
09/09/2025 09/09/25 For Sale $349,000 -- $519 / Sq Ft
Source: Houston Association 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 $7,708 $376,668 $289,030 $87,638
2023 $7,666 $439,234 $345,000 $94,234
2022 $9,016 $456,504 $345,000 $111,504
2021 $6,148 $282,434 $201,250 $81,184
2020 $5,571 $259,720 $201,250 $58,470
2018 $5,362 $242,181 $201,250 $40,931
2017 $5,023 $225,235 $165,000 $60,235
2016 $3,886 $174,251 $110,000 $64,251
2015 $2,704 $157,900 $82,500 $75,400
2014 $2,704 $113,606 $50,000 $63,606
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2025

    Parham Lalezari

    Summit Realty & Associates LLC

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Map

Source: Houston Association of REALTORS®

MLS Number: 34341890

Houston Association of REALTORS®

APN: 202441

Texas Travis County Austin 78721 East MLK

1211 E M Franklin Ave, Austin, TX

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Houston Association of REALTORS® Copyright 2026, Houston REALTORS® Information Service, Inc.
The information provided is 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.
Information is deemed reliable but not guaranteed.

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