2905 GREENLEE DR TX 78703
| Owner | 2905 GREENLEE LLC |
|---|---|
| Parcel ID | 0118060505 |
| Short ID | 118656 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 7,381 SF |
| Land SF | 44,922 SF |
| Acres | 1.031 |
| Year Built | 2022 |
| Legal | N 259 FT OF W 162 FT OF LOT 2 BLK D MONTE VISTA PLUS ADJ VAC ALLEY |
| Neighborhood | X8000 |
| Land | $3,535,344 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,535,344 |
| Improvement | $4,365,732 |
|---|---|
| Total Improvement | $4,365,732 |
| Market | $7,901,076 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,901,076 |
| Value Limitation Adjustment (−) (homestead cap) | −$45,523 |
| Net Appraised (assessed) | $7,855,553 |
| Taxable Value | $7,855,553 |
|---|
Appreciation: Market value has risen +395.4% from $1,595,000 (2021) to $7,901,076 (2025), a CAGR of 49.2% over 4 years. This is strong appreciation — well above typical inflation. 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 Land/Vacant parcel countywide rose +283.7%, so this parcel has outpaced the broader land/vacant 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 $160,763. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($7,855,553) is $45,523 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 45% of market value ($3,535,344 land vs $4,365,732 improvements), about $79/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $7,901,076, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $84,423 (P25 $24,862 / P75 $362,804, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +38.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $42,045,858 by 2031, with an estimated annual tax burden around $248,443. 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.
16 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 8,392 SF | ✗ |
| 1ST | 1st Floor | 5,016 SF | ✓ |
| 2ND | 2nd Floor | 2,365 SF | ✓ |
| 513 | DECK COVERED | 1,124 SF | ✗ |
| PBSMT | Partial Basement | 1,011 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 940 SF | ✓ |
| 061 | CARPORT ATT 1ST | 613 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 531 SF | ✗ |
| 512 | DECK UNCOVRED | 300 SF | ✗ |
| 251 | BATHROOM | 8 SF | ✓ |
| 252 | BEDROOMS | 8 SF | ✓ |
| 250 | HALF BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| 604 | POOL RES CONC | 1 SF | ✗ |
| 410 | OUTDOOR KITCHEN | 1 SF | ✓ |
| 447 | SPA CONCRETE | 1 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% | $46,537.56 | $46,537.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $26,358.06 | $26,358.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $18,905.00 | $18,905.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,936.56 | $5,936.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,201.02 | $5,201.02 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $102,938.20 | $102,938.20 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $46,537.56 | 45.2% |
| CAT City of Austin | 0.5240% | $26,358.06 | 25.6% |
| TCO Travis County | 0.3758% | $18,905.00 | 18.4% |
| THD Travis Central Health | 0.1180% | $5,936.56 | 5.8% |
| ACT Austin Community College | 0.1034% | $5,201.02 | 5.1% |
| Total | 2.0465% | $102,938.20 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,189,209 | $7,901,076 | +3.6% |
| Assessed Value | $8,189,209 | $7,855,553 | +4.2% |
| Land Value | $4,419,180 | $3,535,344 | +25.0% |
| Improvement Value | $3,770,029 | $4,365,732 | -13.6% |
| Taxable Value | $8,189,209 | $7,855,553 | +4.2% |
| Total Tax 2026 = estimate |
~$167,591
Estimated
|
~$102,938
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $8,189,209 | $4,419,180 | $3,770,029 | — | $8,189,209 | $8,189,209 | Not yet — post-cert | Preliminary |
| 2025 | $7,901,076 | $3,535,344 | $4,365,732 | −$45,523 | $7,855,553 | $7,855,553 | ~$102,938 | Partial |
| 2024 | $3,749,529 | $3,262,500 | $487,029 | — | $3,749,529 | $3,749,529 | $74,309 | Verified |
| 2023 | $3,000,000 | $3,262,500 | — | — | $3,000,000 | $3,000,000 | $54,277 | Verified |
| 2022 | $3,262,500 | $3,262,500 | — | — | $3,262,500 | $3,262,500 | $64,432 | Verified |
| 2021 | $1,595,000 | $1,595,000 | — | — | $1,595,000 | $1,595,000 | $34,718 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.6% | +4.2% | ~100% | Not available | Partial |
| 2025 | +110.7% ! | +109.5% | 99.4% | Not available | Partial |
| 2024 | +25.0% | +25.0% | ~100% | No billing data | Verified |
| 2023 | -8.0% | -8.0% | ~100% | No billing data | Verified |
| 2022 | +104.5% ! | +104.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +395.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.6% | +47.2% | +38.7% | +110.7% | 2025 | -8.0% | 2023 |
| Assessment Ratio | 100.0% | 99.9% | — | 100.0% | 2021 | 99.4% | 2025 |
| Effective Tax Rate (2025) | 1.3000% | 1.3000% | — | 1.3000% | 2025 | 1.3000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$102,938 | $66,135 | ~$213,675 | $102,938 | 2025 | $34,718 | 2021 |
Market value changed by 105% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$11,358,951 | ~$9,008,130 | ~2.0139% | ~$181,418 | +38.7% |
| 2028 | ~$15,755,582 | ~$9,908,943 | ~1.9814% | ~$196,335 | +92.4% |
| 2029 | ~$21,853,989 | ~$10,899,837 | ~1.9488% | ~$212,420 | +166.9% |
| 2030 | ~$30,312,864 | ~$11,989,821 | ~1.9163% | ~$229,760 | +270.2% |
| 2031 | ~$42,045,858 | ~$13,188,803 | ~1.8837% | ~$248,443 | +413.4% |
| 2027 | ~$11,195,166 | ~$9,008,130 | ~2.0465% | ~$184,350 | +36.7% |
| 2028 | ~$15,304,500 | ~$9,908,943 | ~2.0465% | ~$202,785 | +86.9% |
| 2029 | ~$20,922,219 | ~$10,899,837 | ~2.0465% | ~$223,064 | +155.5% |
| 2030 | ~$28,601,996 | ~$11,989,821 | ~2.0465% | ~$245,370 | +249.3% |
| 2031 | ~$39,100,737 | ~$13,188,803 | ~2.0465% | ~$269,907 | +377.5% |
| 2027 | ~$11,522,735 | ~$9,008,130 | ~1.9977% | ~$179,952 | +40.7% |
| 2028 | ~$16,213,216 | ~$9,908,943 | ~1.9488% | ~$193,109 | +98.0% |
| 2029 | ~$22,813,020 | ~$10,899,837 | ~1.9000% | ~$207,099 | +178.6% |
| 2030 | ~$32,099,361 | ~$11,989,821 | ~1.8512% | ~$221,955 | +292.0% |
| 2031 | ~$45,165,830 | ~$13,188,803 | ~1.8024% | ~$237,711 | +451.5% |
In 2025, this property's market value of $7,901,076 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 94× the county median of $84,423. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $7,901,076 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $3,749,529 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $3,000,000 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $3,262,500 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $1,595,000 | $8,000 | $22,000 | $81,900 | ↑ Top 25% | base yr |
| 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 | 2021–2024 | 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 | 2021, 2022, 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 | — |