93 RED RIVER ST MF TX 78702
| Owner | KRE QUINCY OWNER LLC |
|---|---|
| Parcel ID | 0203032203 |
| Short ID | 922711 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 18,051 SF |
| Acres | 0.414 |
| Year Built | — |
| Legal | UNT MASTER MF 93 RED RIVER MASTER CONDOMINIUMS PLUS 56.0 % INT IN COM AREA |
| Neighborhood | 08HIR |
| Land | $9,855,988 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,855,988 |
| Improvement | $123,804,012 |
|---|---|
| Total Improvement | $123,804,012 |
| Market | $133,660,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $133,660,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $133,660,000 |
| Taxable Value | $133,660,000 |
|---|
Appreciation: Market value has risen +70.9% from $78,214,987 (2021) to $133,660,000 (2025), a CAGR of 14.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 rose +19.0%, 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 $2,735,332. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 7% of market value ($9,855,988 land vs $123,804,012 improvements), about $546/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $133,660,000, 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 +12.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $243,975,115 by 2031, with an estimated annual tax burden around $4,190,856. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 294,602 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% | $1,188,882.00 | $1,188,882.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $673,361.85 | $673,361.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $482,960.83 | $482,960.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $151,659.56 | $151,659.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $132,869.00 | $132,869.00 | Paid |
| P2U | — | — | — | — | — | — | $118,400.00 | $118,400.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,748,133.24 | $2,748,133.24 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,188,882.00 | 43.3% |
| CAT City of Austin | 0.5240% | $673,361.85 | 24.5% |
| TCO Travis County | 0.3758% | $482,960.83 | 17.6% |
| THD Travis Central Health | 0.1180% | $151,659.56 | 5.5% |
| ACT Austin Community College | 0.1034% | $132,869.00 | 4.8% |
| P2U | — | $118,400.00 | 4.3% |
| Total | 2.0465% 5 of 6 | $2,748,133.24 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $138,139,460 | $133,660,000 | +3.4% |
| Assessed Value | $138,139,460 | $133,660,000 | +3.4% |
| Land Value | $15,794,853 | $9,855,988 | +60.3% |
| Improvement Value | $122,344,607 | $123,804,012 | -1.2% |
| Taxable Value | $138,139,460 | $133,660,000 | +3.4% |
| Total Tax 2026 = estimate |
~$2,827,003
Estimated
|
~$2,748,133
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $138,139,460 | $15,794,853 | $122,344,607 | — | $138,139,460 | $138,139,460 | Not yet — post-cert | Preliminary |
| 2025 | $133,660,000 | $9,855,988 | $123,804,012 | — | $133,660,000 | $133,660,000 | ~$2,748,133 | Partial |
| 2024 | $150,200,000 | $9,855,988 | $140,344,012 | — | $150,200,000 | $150,200,000 | $3,061,886 | Verified |
| 2023 | $225,844,365 | $9,855,988 | $215,988,377 | — | $225,844,365 | $225,844,365 | $3,835,314 | Verified |
| 2022 | $173,320,000 | $8,664,605 | $164,655,395 | — | $173,320,000 | $173,320,000 | $3,595,757 | Verified |
| 2021 | $78,214,987 | $8,664,605 | $69,550,382 | — | $78,214,987 | $78,214,987 | $1,702,489 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.4% | +3.4% | ~100% | Not available | Partial |
| 2025 | -11.0% | -11.0% | ~100% | Not available | Partial |
| 2024 | -33.5% | -33.5% | ~100% | No billing data | Verified |
| 2023 | +30.3% | +30.3% | ~100% | No billing data | Verified |
| 2022 | +121.6% ! | +121.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +70.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.4% | +22.2% | +12.0% | +121.6% | 2022 | -33.5% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0600% | 2.0600% | — | 2.0600% | 2025 | 2.0600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,748,133 | $2,988,716 | ~$3,604,374 | $3,835,314 | 2023 | $1,702,489 | 2021 |
Market value changed by 122% 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 | ~$154,783,018 | ~$151,953,406 | ~2.0139% | ~$3,060,245 | +12.0% |
| 2028 | ~$173,431,853 | ~$167,148,747 | ~1.9814% | ~$3,311,865 | +25.5% |
| 2029 | ~$194,327,570 | ~$183,863,621 | ~1.9488% | ~$3,583,207 | +40.7% |
| 2030 | ~$217,740,881 | ~$202,249,983 | ~1.9163% | ~$3,875,698 | +57.6% |
| 2031 | ~$243,975,115 | ~$222,474,982 | ~1.8837% | ~$4,190,856 | +76.6% |
| 2027 | ~$152,020,228 | ~$151,953,406 | ~2.0465% | ~$3,109,704 | +10.0% |
| 2028 | ~$167,295,788 | ~$167,148,747 | ~2.0465% | ~$3,420,674 | +21.1% |
| 2029 | ~$184,106,293 | ~$183,863,621 | ~2.0465% | ~$3,762,741 | +33.3% |
| 2030 | ~$202,605,981 | ~$202,249,983 | ~2.0465% | ~$4,139,016 | +46.7% |
| 2031 | ~$222,964,586 | ~$222,474,982 | ~2.0465% | ~$4,552,917 | +61.4% |
| 2027 | ~$157,545,807 | ~$151,953,406 | ~1.9977% | ~$3,035,516 | +14.0% |
| 2028 | ~$179,678,430 | ~$167,148,747 | ~1.9488% | ~$3,257,461 | +30.1% |
| 2029 | ~$204,920,326 | ~$183,863,621 | ~1.9000% | ~$3,493,440 | +48.3% |
| 2030 | ~$233,708,298 | ~$202,249,983 | ~1.8512% | ~$3,744,040 | +69.2% |
| 2031 | ~$266,540,512 | ~$222,474,982 | ~1.8024% | ~$4,009,825 | +93.0% |
In 2025, this property's market value of $133,660,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 257× 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 | $133,660,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $150,200,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $225,844,365 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $173,320,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $78,214,987 | $353,349 | $436,046 | $657,886 | ↑ 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 | — |