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$1,117,213

NAL Estimated Property Value

1407 E M Franklin Ave # 1, Austin, TX, 78721

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,753 Sq Ft
price_per_sqft$395.57 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Range, Instant Hot Water, Microwave, Gas Oven, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater
FlooringStone, Tile, Wood

Exterior

Exterior FeaturesBalcony, Lighting, Private Yard
Lot Size7,802 sqft

Building Information

Year Built2022
Stories2
Garage Spaces1

Land Information

APN02111850020000
Subdivision1407 E M Franklin Avenue Condominiums
Land UseCondo
Legal Description1407 E M FRANKLIN AVENUE CONDOMINIUMS UNT 1 PLUS 55 % INT IN COM AREA
Census Tract002109
Assessed Land Value$287,500
Assessed Improvement Value$829,713
Assessment Year2024

About this property

Welcome to this modern gem, crafted by Juneberry Homes and designed by the renowned Davey McEathron Architecture, located in the heart of East MLK. Spanning over 2,750 square feet, this home offers a rare blend of contemporary style, luxury, and space that’s hard to find on the east side. Built in 2023, it's been well maintained over the past year, boasting a spacious first floor with a dedicated dining area, an expansive kitchen featuring an oversized island, durable concrete quartz countertops, elegant walnut cabinets, and a dry bar with built-in shelving and buffet. The top-of-the-line BOSCH appliances, including the refrigerator, balance style and functionality seamlessly. The main-floor primary suite is a serene retreat, filled with natural light. Its en-suite bathroom features dual vanities, a walk-in shower with dual shower heads and a soaking tub, and a generously sized walk-in closet. The living room opens onto a large deck via large sliders, perfect for outdoor dining and entertaining. Upstairs, you’ll find a second living area, ideal as a creative studio, office, or flexible space, along with three additional bedrooms, two bathrooms, and a second deck offering more outdoor enjoyment. Additional features include a 1-car garage complete with a 240v outlet to accommodate an EV charger, dual HVAC system, tankless water heater, and full irrigation system in the front and backyard. Nestled on a developed street, this home enjoys a prime location just minutes from Downtown Austin, Mueller, East Austin, and ABIA. Experience the thoughtful design and exceptional quality of this turnkey property, offering the perfect balance of modern living and timeless comfort.

Investor Tools

Property Icon
$1,117,213
Estimated Property Value
$792,298Estimated Mortgage Balance
$326,125Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,703 /month
Positive
Cash Flow Estimate:
$2,234 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,311/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,141
$1,117,213
2024
$287,500
$829,713
$1,117,213
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,141
$1,117,213

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Strong Home Mortgage Llc
Conventional
$806,500
No
First
Apr 30, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$792,298
$324,915
29%
71%
$4,836/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$4,836/mo
$-2,420/mo
2.6%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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1407 E M Franklin Ave # 1 | Property Details | No Agent List