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$645,000

NAL Estimated Property Value

1406 E M Franklin Ave # 1, Austin, TX, 78721

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,834 Sq Ft
price_per_sqft$359.32 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringConcrete, Tile, Wood

Exterior

Exterior FeaturesExterior Steps, Private Yard
Lot Size4,665 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APN02111715040000
Lot Number1
Subdivision1404 & 1406 E M Franklin Condominiums
Land UseResidential
Legal DescriptionUNT 1 1404 & 1406 E M FRANKLIN CONDOMINIUMS PLUS 25.0 % INT IN COM AREA
Census Tract002109
Assessed Land Value$71,875
Assessed Improvement Value$529,456
Assessment Year2025

About this property

Coming Late 2020! Looking for a new home with a two-car garage? Don’t miss this smart 1834 sq ft detached home with 4 bedrooms and 3 full 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 gold lighting and plumbing fixtures add sophistication to the white counters and tile backsplash. Maintenance-free concrete floors remain cool during hot Texas summers. The semi-floating staircase is a unique architectural detail. Upstairs the owner’s bedroom includes a walk-in closet and wood floors. The bathroom has dual vanities and a walk-in shower with elegant hex tile floors and marble tile walls. The secondary bedrooms have wood floors and the hall bathroom features a deep soaking tub. The laundry closet is conveniently located on the second floor near the bedrooms. 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. Ask about our other upcoming units at 1404, 1406, and 1213 E M Franklin!

Investor Tools

Property Icon
$645,000
Estimated Property Value
$473,024Estimated Mortgage Balance
$172,901Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,954 /month
Positive
Cash Flow Estimate:
$1,318 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,099/month
$35/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,964
$601,331
2025
$71,875
$529,456
$601,331
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,964
$601,331

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Home Loan Expert Llc
Conventional
$524,000
No
First
Mar 16, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$473,024
$133,976
22%
73%
$3,142/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$3,177/mo
$-1,089/mo
3.9%

City: Austin

1406 E M Franklin Ave # 1 | Property Details | No Agent List