NOT LISTED FOR SALE

2108 E M Franklin Ave Austin, TX 78723

East MLK Neighborhood

Estimated Value: $2,314,622

1.5 Acres
$1,543,081 Price per Acre
65,340 Sq Ft Lot

Sale Details

Date Sold: March 13, 2015

Current estimated payment $16,293 / mo

28 Days on Market

Highlights

  • 1.5 Acre Lot
  • Maplewood Elementary School Rated A-
  • Central Heating and Cooling System

About This Lot

As of March 2015

Rare opportunity to develop a large, level 1.5 Ac lot in hot East Austin 2 blocks from Mueller. All the amenities of Mueller without the rigid restrictions. Formerly Enterprise rental car. Current 3800SF building houses 3 tenants who are happy to stay on. Zoned LO, MU, NP for maximum development opportunity. Owner is respected architect with strong ties to the community, would be an asset in future development planning. See conceptual mixed-use plan diagrams in photos.Restrictions: Yes

Last Agent to Sell the Property

John Kovas

Kovas & Associates License #0389004 Listed on: 11/17/2014

Last Buyer's Agent

Stewart Shank

Moreland Properties License #0598031

Moreland Properties

Property Details

Property Type

  • Land

Year Built

  • Built in 1977

Lot Details

  • 1.5

Home Design

  • 3,929 Sq Ft Home
  • Slab Foundation

Parking

  • 50 Parking Spaces
  • 50 Covered Spaces
  • Driveway

Additional Features

  • 1.5 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02131602030000
  • 2% Total Tax Rate

Community Details

Overview

  • Association Phone (512) 797-8713
  • Crest Haven Add Subdivision
  • Property managed by Heimsath Properties

Amenities

  • No Laundry Facilities

Property Details

Property Type

Land

Year Built

Built in 1977

Lot Details

1.5 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Sub Type: Site Planned
  • Building Area Total: 3929.00
  • Restrictions: City Restrictions
  • Year Built: 1977
  • Current Use: Office, Mixed Use
  • Directions: East on Airport, East on MLK, North on EM Franklin. Property is on the left.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 17305.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Guest Accommodation Description: None
  • New Loan Amount: 987500
  • Road Surface Type: Asphalt, PVD
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Laundry Location: None
  • Management Company: Heimsath Properties
  • Accessibility Features: None
  • Property Condition: Resale, See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

  • Exterior Features: None
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: None
  • Private Pool: No
  • View: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 50.00
  • Parking Features: None
  • Parking Ratio: 200.00
  • Total Parking Spaces: 50.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • Management Co Rep: Ben Heimsath

Association/Amenities

  • Community Features: None

Lot Info

  • Endangered Species: No
  • Lot Features: None
  • Parcel Number: 02131602030000
  • Lot Size Acres: 1.5000
  • Lot Size Sq Ft: 65340.00
  • Subdivision Name: Crest Haven Add

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: No

Building Info

  • Construction Materials: None

Multi Family

  • Management Co Phone: (512) 797-8713

Tax Info

  • Tax Rate: 2.46320000000000
  • Tax Year: 2014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2014
Closed on
Mar 6, 2015
Sold by
Bought by
Seller's Agent
John Kovas
Kovas & Associates
Buyer's Agent
Stewart Shank
Moreland Properties
List Price
$1,500,000
Current Estimated Value
$2,314,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%
Original Mortgage
$987,500
Outstanding Balance
$755,767
Interest Rate
3.66%
Mortgage Type
Commercial
Estimated Equity
$1,558,855

Purchase Details

Closed on
Jan 19, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
4.83%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Heritage Title
-- Itc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $987,500
Previous Owner $576,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/13/2015 03/13/15 Sold -- -- --
12/15/2014 12/15/14 Pending -- -- --
11/17/2014 11/17/14 For Sale $1,500,000 -- $382 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $45,788 $2,237,385 $1,981,680 $255,705
2023 $42,445 $2,525,634 $1,981,680 $543,954
2022 $47,043 $2,382,009 $1,981,680 $400,329
2021 $51,849 $2,382,009 $1,981,680 $400,329
2020 $45,107 $2,103,000 $1,981,680 $121,320
2018 $36,531 $1,650,000 $1,321,120 $328,880
2017 $35,682 $1,600,000 $1,321,120 $278,880
2016 $28,549 $1,280,138 $792,672 $487,466
2015 $16,719 $1,057,305 $528,448 $528,857
2014 $16,719 $702,552 $165,140 $537,412
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Kovas

    Kovas & Associates

    Section Image
  • Stewart Shank

    Buyer's Agent in 2015

    Stewart Shank

    Moreland Properties

    (512) 905-2777

    1 in this area

    54 Total Sales

    Stewart Shank
    Section Image
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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 2329030

Unlock MLS (Austin Board of REALTORS®)

APN: 205468

Texas Travis County Austin 78723 East MLK

2108 E M Franklin Ave, Austin, TX

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Unlock MLS (Austin Board of REALTORS®) Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is 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. 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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Unlock MLS (Austin Board of REALTORS®) as distributed by MLS GRID

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