604 DRISKILL ST TX 78701
| Owner | WALLER CREEK BLOCK 190 LLC |
|---|---|
| Parcel ID | 0204041111 |
| Short ID | 191605 |
| Type | Real |
| Use Code | 00 (unlisted) |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 60,844 SF |
| Acres | 1.397 |
| Year Built | — |
| Legal | E 1.67FT OF LOT 1 * & ALL OF LOT 2-4 BLOCK 190 ORIGINAL CITY |
| Neighborhood | 1CBDC |
| Land | $55,368,040 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $55,368,040 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $51,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $51,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $51,000,000 |
| Taxable Value | $51,000,000 |
|---|
Appreciation: Market value has risen +171.6% from $18,777,200 (2021) to $51,000,000 (2025), a CAGR of 28.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 lagged 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 $1,043,707. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
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 109% of market value ($55,368,040 land vs $0 improvements), about $910/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 $51,000,000, 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 +19.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $111,034,420 by 2031, with an estimated annual tax burden around $2,091,603. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 17,800 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% | $471,852.00 | $471,852.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $267,248.67 | $267,248.67 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $191,680.95 | $191,680.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $60,191.73 | $60,191.73 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $52,734.00 | $52,734.00 | Paid |
| P2U | — | — | — | — | — | — | $46,712.50 | $46,712.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,090,419.85 | $1,090,419.85 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $471,852.00 | 43.3% |
| CAT City of Austin | 0.5240% | $267,248.67 | 24.5% |
| TCO Travis County | 0.3758% | $191,680.95 | 17.6% |
| THD Travis Central Health | 0.1180% | $60,191.73 | 5.5% |
| ACT Austin Community College | 0.1034% | $52,734.00 | 4.8% |
| P2U | — | $46,712.50 | 4.3% |
| Total | 2.0465% 5 of 6 | $1,090,419.85 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,660,875 | $51,000,000 | -10.5% |
| Assessed Value | $45,660,875 | $51,000,000 | -10.5% |
| Land Value | $45,633,000 | $55,368,040 | -17.6% |
| Improvement Value | $27,875 | — | — |
| Taxable Value | $45,660,875 | $51,000,000 | -10.5% |
| Total Tax 2026 = estimate |
~$934,443
Estimated
|
~$1,090,420
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $45,660,875 | $45,633,000 | $27,875 | — | $45,660,875 | $45,660,875 | Not yet — post-cert | Preliminary |
| 2025 | $51,000,000 | $55,368,040 | — | — | $51,000,000 | $51,000,000 | ~$1,090,420 | Partial |
| 2024 | $55,395,915 | $55,368,040 | $27,875 | — | $55,395,915 | $55,395,915 | $1,061,891 | Verified |
| 2023 | $26,288,080 | $26,288,080 | — | — | $26,288,080 | $26,288,080 | $397,896 | Verified |
| 2022 | $18,777,200 | $18,777,200 | — | — | $18,777,200 | $18,777,200 | $332,023 | Verified |
| 2021 | $18,777,200 | $18,777,200 | — | — | $18,777,200 | $18,777,200 | $364,255 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.5% | -10.5% | ~100% | Not available | Partial |
| 2025 | -7.9% | -7.9% | ~100% | Not available | Partial |
| 2024 | +110.7% ! | +110.7% | ~100% | No billing data | Verified |
| 2023 | +40.0% | +40.0% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +171.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.5% | +26.5% | +19.4% | +110.7% | 2024 | -10.5% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,090,420 | $649,297 | ~$1,555,756 | $1,090,420 | 2025 | $332,023 | 2022 |
Market value changed by 111% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$54,541,479 | ~$54,541,479 | ~2.0139% | ~$1,098,431 | +19.4% |
| 2028 | ~$65,149,275 | ~$65,149,275 | ~1.9814% | ~$1,290,860 | +42.7% |
| 2029 | ~$77,820,187 | ~$77,820,187 | ~1.9488% | ~$1,516,591 | +70.4% |
| 2030 | ~$92,955,469 | ~$92,955,469 | ~1.9163% | ~$1,781,297 | +103.6% |
| 2031 | ~$111,034,420 | ~$111,034,420 | ~1.8837% | ~$2,091,603 | +143.2% |
| 2027 | ~$53,628,261 | ~$53,628,261 | ~2.0465% | ~$1,097,494 | +17.4% |
| 2028 | ~$62,985,880 | ~$62,985,880 | ~2.0465% | ~$1,288,997 | +37.9% |
| 2029 | ~$73,976,315 | ~$73,976,315 | ~2.0465% | ~$1,513,914 | +62.0% |
| 2030 | ~$86,884,475 | ~$86,884,475 | ~2.0465% | ~$1,778,078 | +90.3% |
| 2031 | ~$102,044,985 | ~$102,044,985 | ~2.0465% | ~$2,088,335 | +123.5% |
| 2027 | ~$55,454,696 | ~$55,454,696 | ~1.9977% | ~$1,107,798 | +21.4% |
| 2028 | ~$67,349,199 | ~$67,349,199 | ~1.9488% | ~$1,312,528 | +47.5% |
| 2029 | ~$81,794,958 | ~$81,794,958 | ~1.9000% | ~$1,554,118 | +79.1% |
| 2030 | ~$99,339,195 | ~$99,339,195 | ~1.8512% | ~$1,838,961 | +117.6% |
| 2031 | ~$120,646,503 | ~$120,646,503 | ~1.8024% | ~$2,174,498 | +164.2% |
In 2025, this property's market value of $51,000,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 604× 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 | $51,000,000 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $55,395,915 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $26,288,080 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $18,777,200 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $18,777,200 | $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 | — |