This property has sold on March 14, 2025. Looking for something similar? Contact us or browse available homes.
1196 E M Franklin Ave Unit #2
Austin, TX, 78721
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This property is no longer actively listed. We can help you find similar homes currently for sale, notify you if this property relists, or explore off-market opportunities in the area.
$154,900
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Experience unmatched value with our exclusive Byrne Buyer Guarantee and tailored Buyer Mortgage Incentives partnerships! From saving thousands on closing costs to securing the best rates and a guarantee that ensures your satisfaction, we’re redefining what it means to buy with confidence. Call for Details! 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.
Property Type
Land
Lot Size
0.12 acres
Listed by Keller Williams Realty
Property Details
Lot Features
Waterfront
Verified property facts
1196 E M Franklin Ave Unit #2 is listed at $154,900 with 0 bedrooms, 0.12-acre lot.
1196 E M Franklin Ave Unit #2 is zoned for Austin ISD with assigned schools: Norman-Sims (elementary), Martin (middle), Northeast Early College (high). School assignments should be verified directly with the district.
1196 E M Franklin Ave Unit #2 is in 1196 Em Franklin Avenue Condos, Austin, Texas.
1196 E M Franklin Ave Unit #2 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 1196 E M Franklin Ave Unit #2 is $2,488. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
1 record on file
Every recorded sale and lease at 1196 E M Franklin Ave Unit #2, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $137,500 | $137,500 | — |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($31K)
$154,900
Luxury property intelligence
A sourced read on 1196 Em Franklin Avenue Condos pricing, timing, and property scale. No automated valuation claim.
List price
$154,900
Price per sqft
Not available
Vs. 1196 Em Franklin Avenue Condos median
Not available
Days on market
Not available
Original to current
$44.1K reduction
$199K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($30,980) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1196 E M Franklin Ave Unit #2 is around $1,011 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $154,900, 1196 E M Franklin Ave Unit #2 is in the 1196 Em Franklin Avenue Condos market where there are currently 74 active listings in 78721. The Keenan Group has completed 5 transactions in 78721 as part of 1,000+ career sales totaling $1B+ across Austin.
1196 E M Franklin Ave Unit #2 includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
4 events on record
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $137,500 | $137,500 | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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