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$905,314

NAL Estimated Property Value

1213 E M Franklin Ave # 1, Austin, TX, 78721

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,976 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$373.99 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Exhaust Fan, Gas Range, Plumbed For Ice Maker, Tankless Water Heater
FlooringConcrete, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size6,273 sqft

Building Information

Year Built2020
Stories2
Roof Type105
Garage Spaces2

Land Information

APN02111717020000
Subdivision1213 E M Franklin Condominiums
Land UseResidential
Legal DescriptionUNIT 1 1213 E M FRANKLIN CONDOMINIUMS 50%INT IN COMMON AREA
Census Tract002109
Assessed Land Value$125,000
Assessed Improvement Value$780,314
Assessment Year2025

About this property

Coming late spring/early summer 2021! Looking for a new home with a true two-car attached garage? Don’t miss this smart 1976 sq ft detached home with 3 bedrooms and 2.5 bathrooms. Downstairs has an open plan combining the living, dining, and kitchen areas. The functional kitchen features an island with a breakfast bar with pendant lighting. Counters are hard-wearing engineered quartz and the cabinets feature soft-close hardware. Coordinated black lighting and plumbing fixtures add sophistication to the white counters and tile backsplash. Maintenance-free concrete floors remain cool during hot Texas summers. The stairs and upstairs bedrooms feature engineered oak hardwood floors. The upstairs owner’s bedroom includes an oversized walk-in closet. The bathroom has dual vanities and a walk-in shower with elegant hex tile floors and marble tile walls. The hall bathroom features a deep soaking tub and dual vanities. There’s a generous 12’ x 13’ flex space on the second floor, large enough for a media area or office. Outside, a front porch overlooks a fenced front yard, perfect for keeping an eye on young ones or pets. Area attractions include the Texas Farmer’s Market at Mueller, Contigo, Oddwood Ales & Pizza, Batch Craft Beer & Kolaches, the Blue Starlite Urban Drive-In, Boggy Creek Greenbelt, Southern Walnut Creek Bike Trail, and Springdale General. Unit 2 sold pre-MLS.

Investor Tools

Property Icon
$905,314
Estimated Property Value
$501,599Estimated Mortgage Balance
$403,715Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,432 /month
Positive
Cash Flow Estimate:
$1,811 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,539/month
$30/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,937
$905,314
2025
$125,000
$780,314
$905,314
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,937
$905,314

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mutual Of Omaha Mortgage Inc
Conventional
$548,250
No
First
Nov 24, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$501,599
$403,715
44%
55%
$3,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$3,318/mo
$-902/mo
3.2%

City: Austin

1213 E M Franklin Ave # 1 | Property Details | No Agent List