LAMBIE ST TX
| Owner | CITY OF AUSTIN |
|---|---|
| Parcel ID | 0203032701 |
| Short ID | 944147 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 63,097 SF |
| Acres | 1.449 |
| Year Built | — |
| Legal | 0.252 AC PART OF LOT 3-7 BLK 54 & 55 DIV O ELM GROVE ADDN |
| Neighborhood | _ZEXMP |
| Land | $30,286,397 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $30,286,397 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $30,286,397 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $30,286,397 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $30,286,397 |
| Taxable Value | $30,286,397 |
|---|
Appreciation: Market value has risen +1177.3% from $2,371,058 (2021) to $30,286,397 (2025), a CAGR of 89.0% 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.
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 100% of market value ($30,286,397 land vs $0 improvements), about $480/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $30,286,397, 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 +67.8% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $419,769,203 by 2031, with an estimated annual tax burden around $0. 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.
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $31,548,330 | $30,286,397 | +4.2% |
| Assessed Value | $31,548,330 | $30,286,397 | +4.2% |
| Land Value | $31,548,330 | $30,286,397 | +4.2% |
| Improvement Value | — | — | — |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $31,548,330 | $31,548,330 | — | — | $31,548,330 | $— | Not yet — post-cert | Preliminary |
| 2025 | $30,286,397 | $30,286,397 | — | — | $30,286,397 | $— | not in county billing file Why? | Partial |
| 2024 | $6,586,272 | $6,586,272 | — | — | $6,586,272 | $6,586,272 | not in county billing file Why? | Partial |
| 2023 | $6,586,272 | $6,586,272 | — | — | $6,586,272 | $6,586,272 | $6,494 | Verified |
| 2022 | $5,269,018 | $5,269,018 | — | — | $5,269,018 | $5,269,018 | $5,201 | Verified |
| 2021 | $2,371,058 | $2,371,058 | — | — | $2,371,058 | $2,371,058 | $2,485 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.2% | +4.2% | ~100% | Not available | Partial |
| 2025 | +359.8% ! | +359.8% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +25.0% | +25.0% | ~100% | No billing data | Verified |
| 2022 | +122.2% ! | +122.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1177.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.2% | +102.2% | +67.8% | +359.8% | 2025 | +0.0% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $6,494 | $4,726 | — | $6,494 | 2023 | $2,485 | 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 | ~$52,939,912 | ~$52,939,912 | ~0.0000% | ~$0 | +67.8% |
| 2028 | ~$88,836,217 | ~$88,836,217 | ~0.0000% | ~$0 | +181.6% |
| 2029 | ~$149,072,280 | ~$149,072,280 | ~0.0000% | ~$0 | +372.5% |
| 2030 | ~$250,151,858 | ~$250,151,858 | ~0.0000% | ~$0 | +692.9% |
| 2031 | ~$419,769,203 | ~$419,769,203 | ~0.0000% | ~$0 | +1230.6% |
| 2027 | ~$52,308,945 | ~$52,308,945 | ~0.0000% | ~$0 | +65.8% |
| 2028 | ~$86,731,239 | ~$86,731,239 | ~0.0000% | ~$0 | +174.9% |
| 2029 | ~$143,805,382 | ~$143,805,382 | ~0.0000% | ~$0 | +355.8% |
| 2030 | ~$238,437,593 | ~$238,437,593 | ~0.0000% | ~$0 | +655.8% |
| 2031 | ~$395,343,241 | ~$395,343,241 | ~0.0000% | ~$0 | +1153.1% |
| 2027 | ~$53,570,879 | ~$53,570,879 | ~0.0000% | ~$0 | +69.8% |
| 2028 | ~$90,966,432 | ~$90,966,432 | ~0.0000% | ~$0 | +188.3% |
| 2029 | ~$154,466,233 | ~$154,466,233 | ~0.0000% | ~$0 | +389.6% |
| 2030 | ~$262,292,546 | ~$262,292,546 | ~0.0000% | ~$0 | +731.4% |
| 2031 | ~$445,387,827 | ~$445,387,827 | ~0.0000% | ~$0 | +1311.8% |
In 2025, this property's market value of $30,286,397 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 359× 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 | $30,286,397 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $6,586,272 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $6,586,272 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $5,269,018 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $2,371,058 | $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 |
| 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 | — |