702 E 3 ST TX 78701
| Owner | 710 E3 LLC |
|---|---|
| Parcel ID | 0204041810 |
| Short ID | 191629 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 156,202 SF |
| Land SF | 75,590 SF |
| Acres | 1.735 |
| Year Built | 2022 |
| Legal | LOT 1-8 BLOCK 036 ORIGINAL CITY |
| Neighborhood | 08CBD |
| Land | $51,023,027 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $51,023,027 |
| Improvement | $8,476,973 |
|---|---|
| Total Improvement | $8,476,973 |
| Market | $59,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $59,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $59,500,000 |
| Taxable Value | $59,500,000 |
|---|
Appreciation: Market value has risen +73.6% from $34,276,641 (2021) to $59,500,000 (2025), a CAGR of 14.8% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $1,217,659. 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 86% of market value ($51,023,027 land vs $8,476,973 improvements), about $675/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 $59,500,000, 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 -8.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $14,763,931 by 2031, with an estimated annual tax burden around $278,114. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 156,202 SF | ✓ |
| 187 | PARKING GARAGE | 65,500 SF | ✓ |
| 601 | POOL COMM'L | 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% | $503,715.71 | $503,715.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $285,295.72 | $285,295.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $204,624.98 | $204,624.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $64,256.42 | $64,256.42 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $56,295.08 | $56,295.08 | Paid |
| P2U | — | — | — | — | — | — | $49,898.18 | $49,898.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,164,086.09 | $1,164,086.09 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $503,715.71 | 43.3% |
| CAT City of Austin | 0.5240% | $285,295.72 | 24.5% |
| TCO Travis County | 0.3758% | $204,624.98 | 17.6% |
| THD Travis Central Health | 0.1180% | $64,256.42 | 5.5% |
| ACT Austin Community College | 0.1034% | $56,295.08 | 4.8% |
| P2U | — | $49,898.18 | 4.3% |
| Total | 2.0465% 5 of 6 | $1,164,086.09 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $22,495,732 | $59,500,000 | -62.2% |
| Assessed Value | $22,495,732 | $59,500,000 | -62.2% |
| Land Value | $18,897,418 | $51,023,027 | -63.0% |
| Improvement Value | $3,598,314 | $8,476,973 | -57.6% |
| Taxable Value | $22,495,732 | $59,500,000 | -62.2% |
| Total Tax 2026 = estimate |
~$460,372
Estimated
|
~$1,164,086
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $22,495,732 | $18,897,418 | $3,598,314 | — | $22,495,732 | $22,495,732 | Not yet — post-cert | Preliminary |
| 2025 | $59,500,000 | $51,023,027 | $8,476,973 | — | $59,500,000 | $59,500,000 | ~$1,164,086 | Partial |
| 2024 | $59,500,000 | $66,329,935 | — | — | $59,500,000 | $59,500,000 | $1,233,754 | Verified |
| 2023 | $86,270,000 | $52,912,769 | $33,357,231 | — | $86,270,000 | $86,270,000 | $1,299,921 | Verified |
| 2022 | $51,143,256 | $26,456,385 | $24,686,871 | — | $51,143,256 | $51,143,256 | $1,060,683 | Verified |
| 2021 | $34,276,641 | $17,385,624 | $16,891,017 | — | $34,276,641 | $34,276,641 | $779,869 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -62.2% | -62.2% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -31.0% | -31.0% | ~100% | No billing data | Verified |
| 2023 | +68.7% | +68.7% | ~100% | No billing data | Verified |
| 2022 | +49.2% | +49.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +73.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -62.2% | +4.9% | -8.1% | +68.7% | 2023 | -62.2% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,164,086 | $1,107,663 | ~$343,898 | $1,299,921 | 2023 | $779,869 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$20,678,570 | ~$20,678,570 | ~2.0139% | ~$416,453 | -8.1% |
| 2028 | ~$19,008,195 | ~$19,008,195 | ~1.9814% | ~$376,626 | -15.5% |
| 2029 | ~$17,472,750 | ~$17,472,750 | ~1.9488% | ~$340,516 | -22.3% |
| 2030 | ~$16,061,335 | ~$16,061,335 | ~1.9163% | ~$307,782 | -28.6% |
| 2031 | ~$14,763,931 | ~$14,763,931 | ~1.8837% | ~$278,114 | -34.4% |
| 2027 | ~$21,370,945 | ~$21,370,945 | ~2.0465% | ~$437,353 | -5.0% |
| 2028 | ~$20,302,398 | ~$20,302,398 | ~2.0465% | ~$415,486 | -9.8% |
| 2029 | ~$19,287,278 | ~$19,287,278 | ~2.0465% | ~$394,711 | -14.3% |
| 2030 | ~$18,322,914 | ~$18,322,914 | ~2.0465% | ~$374,976 | -18.5% |
| 2031 | ~$17,406,769 | ~$17,406,769 | ~2.0465% | ~$356,227 | -22.6% |
| 2027 | ~$21,128,485 | ~$21,128,485 | ~1.9977% | ~$422,076 | -6.1% |
| 2028 | ~$19,844,336 | ~$19,844,336 | ~1.9488% | ~$386,734 | -11.8% |
| 2029 | ~$18,638,236 | ~$18,638,236 | ~1.9000% | ~$354,130 | -17.1% |
| 2030 | ~$17,505,440 | ~$17,505,440 | ~1.8512% | ~$324,060 | -22.2% |
| 2031 | ~$16,441,493 | ~$16,441,493 | ~1.8024% | ~$296,337 | -26.9% |
In 2025, this property's market value of $59,500,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 115× 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 | $59,500,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $59,500,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $86,270,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $51,143,256 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $34,276,641 | $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 | — |