— bed, — bath on 0.10 acres in Austin. Austin, TX 78721. $195,000. Austin ISD.
About This Home
Build Your Dream Vision in the Heart of East AustinDiscover the ultimate architectural canvas at 1196 E.M. Franklin Ave, a premier residential lot situated in Austin’s vibrant and rapidly evolving 78721 zip code. Offering a generous 0.123-acre footprint (approx. 5,357 sqft), this property represents a rare opportunity to secure a foothold in one of Austin's most sought-after urban neighborhoods. This blank slate features a beautifully flat topography surrounded by mature, medium-sized trees, providing the perfect blend of natural Eastside soul and modern urban convenience.Bring your favorite builder and architect to design a custom single-family home or a lucrative modern investment property. Positioned on a quiet, low-traffic pocket of the street, you are just minutes away from downtown Austin, the Mueller development, and the city’s favorite local coffee shops, dining, and nightlife hubs. Utilities are located nearby at the street. Don't miss this opportunity to claim your piece of the East Austin skyline!
Property & Development HighlightsLot Size: 0.123 Acres / 5,357 SqFt Zoning & Potential: Ideal footprint for a high-end single-family build. Natural Features: Flat, buildable terrain with beautiful established tree coverage. Location Perks: Minutes to Downtown Austin, UT Austin, and the Eastside’s best culinary hotspots. School District: Feeds into highly accessible Austin ISD campuses.
- Property Type
- Land
- Lot Size
- 0.10 acres
Listing information last updated September 28, 2026.
Listed by Compass RE Texas, LLC
MLS# 4631001 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Gentle Sloping
- Private
- Lot Size
- 0.10 Acres
Financial
- Original List Price
- $220,000
Utilities
- Cable Available
- Electricity Available
- Phone Available
- Sewer Available
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 1196 EM Franklin Ave, whoever represented it.
- ActiveListed 2026Current price: $195,000Original list: $220,000MLS 4631001
- Listed · August 9, 2026$220,000
- Price changed · August 21, 2026$215,000
- Price changed · September 5, 2026$205,000
- Price changed · September 11, 2026$200,000
- Price changed · September 28, 2026$195,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $195,000
- Original list
- $220,000
- Price movement
- $25K reduction
- Listed / DOM
- Aug 9, 2026 · 87 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $137,500
- Assessment Year
- 2025
- Parcel ID
- 000000955340
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $137,500 | $137,500 | — |
Zoned Schools
Northeast Early College
Kealing
Norman-Sims
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($39K)
Adjustable assumption - not a lending recommendation.
Home price
$195,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$195,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
87 days
Original to current
$25K reduction
$220K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 17, 2026.
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78721 ZIP Guide
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