1507 PEASE RD 78703
| Owner | 1507 PEASE AUSTIN LLC |
|---|---|
| Parcel ID | 0112020421 |
| Short ID | 974425 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 8,180 SF |
| Land SF | 19,836 SF |
| Acres | 0.455 |
| Year Built | 1948 |
| Legal | LOT 38 & S 16 FT OF LOT 37 ENFIELD C |
| Neighborhood | CEN |
| Land | $1,983,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,983,600 |
| Improvement | $1,118,745 |
|---|---|
| Total Improvement | $1,118,745 |
| Market | $3,102,345 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,102,345 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,102,345 |
| Taxable Value | $3,102,345 |
|---|
Appreciation: Market value has risen +7.6% from $2,883,870 (2023) to $3,102,345 (2025), a CAGR of 3.7% over 2 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide fell -15.8%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $63,489. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 64% of market value ($1,983,600 land vs $1,118,745 improvements), about $100/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $3,102,345, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +1.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $3,122,834 by 2031, with an estimated annual tax burden around $58,826. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 8,180 SF | ✓ |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $28,702.90 | $28,702.90 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,256.82 | $16,256.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,660.01 | $11,660.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,661.48 | $3,661.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,207.82 | $3,207.82 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $63,489.03 | $63,489.03 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $28,702.90 | 45.2% |
| CAT City of Austin | 0.5240% | $16,256.82 | 25.6% |
| TCO Travis County | 0.3758% | $11,660.01 | 18.4% |
| THD Travis Central Health | 0.1180% | $3,661.48 | 5.8% |
| ACT Austin Community College | 0.1034% | $3,207.82 | 5.1% |
| Total | 2.0465% | $63,489.03 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,971,260 | $3,102,345 | -4.2% |
| Assessed Value | $2,971,260 | $3,102,345 | -4.2% |
| Land Value | $1,983,600 | $1,983,600 | +0.0% |
| Improvement Value | $987,660 | $1,118,745 | -11.7% |
| Taxable Value | $2,971,260 | $3,102,345 | -4.2% |
| Total Tax 2026 = estimate |
~$60,806
Estimated
|
~$63,489
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,971,260 | $1,983,600 | $987,660 | — | $2,971,260 | $2,971,260 | Not yet — post-cert | Preliminary |
| 2025 | $3,102,345 | $1,983,600 | $1,118,745 | — | $3,102,345 | $3,102,345 | ~$63,489 | Partial |
| 2024 | $2,927,565 | $1,983,600 | $943,965 | — | $2,927,565 | $2,927,565 | $58,019 | Verified |
| 2023 | $2,883,870 | $1,983,600 | $900,270 | — | $2,883,870 | $2,883,870 | $52,176 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.2% | -4.2% | ~100% | Not available | Partial |
| 2025 | +6.0% | +6.0% | ~100% | Not available | Partial |
| 2024 | +1.5% | +1.5% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +7.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.2% | +1.1% | +1.0% | +6.0% | 2025 | -4.2% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2023 | 100.0% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$63,489 | $57,895 | ~$59,646 | $63,489 | 2025 | $52,176 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$3,000,975 | ~$3,000,975 | ~2.0139% | ~$60,438 | +1.0% |
| 2028 | ~$3,030,986 | ~$3,030,986 | ~1.9814% | ~$60,056 | +2.0% |
| 2029 | ~$3,061,298 | ~$3,061,298 | ~1.9488% | ~$59,660 | +3.0% |
| 2030 | ~$3,091,913 | ~$3,091,913 | ~1.9163% | ~$59,250 | +4.1% |
| 2031 | ~$3,122,834 | ~$3,122,834 | ~1.8837% | ~$58,826 | +5.1% |
| 2027 | ~$2,941,549 | ~$2,941,549 | ~2.0465% | ~$60,198 | -1.0% |
| 2028 | ~$2,912,136 | ~$2,912,136 | ~2.0465% | ~$59,596 | -2.0% |
| 2029 | ~$2,883,016 | ~$2,883,016 | ~2.0465% | ~$59,000 | -3.0% |
| 2030 | ~$2,854,188 | ~$2,854,188 | ~2.0465% | ~$58,411 | -3.9% |
| 2031 | ~$2,825,648 | ~$2,825,648 | ~2.0465% | ~$57,826 | -4.9% |
| 2027 | ~$3,060,400 | ~$3,060,400 | ~1.9977% | ~$61,136 | +3.0% |
| 2028 | ~$3,152,214 | ~$3,152,214 | ~1.9488% | ~$61,432 | +6.1% |
| 2029 | ~$3,246,782 | ~$3,246,782 | ~1.9000% | ~$61,689 | +9.3% |
| 2030 | ~$3,344,188 | ~$3,344,188 | ~1.8512% | ~$61,907 | +12.6% |
| 2031 | ~$3,444,516 | ~$3,444,516 | ~1.8024% | ~$62,083 | +15.9% |
In 2025, this property's market value of $3,102,345 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 6× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $3,102,345 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $2,927,565 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $2,883,870 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2023–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |