1603 E 7 ST TX 78702
| Owner | TWO AUSTIN ORIGINALS LLC |
|---|---|
| Parcel ID | 0204080503 |
| Short ID | 191960 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 16,865 SF |
| Land SF | 6,050 SF |
| Acres | 0.139 |
| Year Built | 2024 |
| Legal | LOT 23 OLT 5 DIV A MCFALLS J K P SUBD |
| Neighborhood | 1EC2 |
| Land | $907,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $907,500 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $907,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $907,500 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $907,500 |
| Taxable Value | $907,500 |
|---|
Appreciation: Market value has risen +23.3% from $736,000 (2021) to $907,500 (2025), a CAGR of 5.4% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2025→2026), 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 $18,572. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. 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 100% of market value ($907,500 land vs $0 improvements), about $150/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 $907,500, 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 +10.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,921,951 by 2031, with an estimated annual tax burden around $36,205. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 16,865 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% | $8,396.19 | $8,396.19 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,755.45 | $4,755.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,410.79 | $3,410.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,071.06 | $1,071.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $938.36 | $938.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,571.85 | $18,571.85 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $8,396.19 | 45.2% |
| CAT City of Austin | 0.5240% | $4,755.45 | 25.6% |
| TCO Travis County | 0.3758% | $3,410.79 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,071.06 | 5.8% |
| ACT Austin Community College | 0.1034% | $938.36 | 5.1% |
| Total | 2.0465% | $18,571.85 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,189,351 | $907,500 | +31.1% |
| Assessed Value | $1,189,351 | $907,500 | +31.1% |
| Land Value | $907,500 | $907,500 | +0.0% |
| Improvement Value | $281,851 | — | — |
| Taxable Value | $1,189,351 | $907,500 | +31.1% |
| Total Tax 2026 = estimate |
~$24,340
Estimated
|
~$18,572
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,189,351 | $907,500 | $281,851 | — | $1,189,351 | $1,189,351 | Not yet — post-cert | Preliminary |
| 2025 | $907,500 | $907,500 | — | — | $907,500 | $907,500 | ~$18,572 | Partial |
| 2024 | $907,500 | $907,500 | — | — | $907,500 | $907,500 | $17,985 | Verified |
| 2023 | $907,500 | $907,500 | — | — | $907,500 | $907,500 | $16,419 | Verified |
| 2022 | $756,250 | $756,250 | — | — | $756,250 | $756,250 | $14,125 | Verified |
| 2021 | $736,000 | $736,000 | — | — | $736,000 | $736,000 | $14,687 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +31.1% | +31.1% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +20.0% | +20.0% | ~100% | No billing data | Verified |
| 2022 | +2.8% | +2.8% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +23.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +31.1% | +10.8% | +10.1% | +31.1% | 2026 | +0.0% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,572 | $16,358 | ~$31,099 | $18,572 | 2025 | $14,125 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,309,171 | ~$1,309,171 | ~2.0139% | ~$26,366 | +10.1% |
| 2028 | ~$1,441,063 | ~$1,441,063 | ~1.9814% | ~$28,553 | +21.2% |
| 2029 | ~$1,586,242 | ~$1,586,242 | ~1.9488% | ~$30,913 | +33.4% |
| 2030 | ~$1,746,047 | ~$1,746,047 | ~1.9163% | ~$33,459 | +46.8% |
| 2031 | ~$1,921,951 | ~$1,921,951 | ~1.8837% | ~$36,205 | +61.6% |
| 2027 | ~$1,285,384 | ~$1,285,384 | ~2.0465% | ~$26,305 | +8.1% |
| 2028 | ~$1,389,172 | ~$1,389,172 | ~2.0465% | ~$28,429 | +16.8% |
| 2029 | ~$1,501,339 | ~$1,501,339 | ~2.0465% | ~$30,725 | +26.2% |
| 2030 | ~$1,622,564 | ~$1,622,564 | ~2.0465% | ~$33,206 | +36.4% |
| 2031 | ~$1,753,577 | ~$1,753,577 | ~2.0465% | ~$35,887 | +47.4% |
| 2027 | ~$1,332,958 | ~$1,332,958 | ~1.9977% | ~$26,628 | +12.1% |
| 2028 | ~$1,493,905 | ~$1,493,905 | ~1.9488% | ~$29,114 | +25.6% |
| 2029 | ~$1,674,286 | ~$1,674,286 | ~1.9000% | ~$31,812 | +40.8% |
| 2030 | ~$1,876,447 | ~$1,876,447 | ~1.8512% | ~$34,737 | +57.8% |
| 2031 | ~$2,103,017 | ~$2,103,017 | ~1.8024% | ~$37,904 | +76.8% |
In 2025, this property's market value of $907,500 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 11× 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 | $907,500 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $907,500 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $907,500 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $756,250 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $736,000 | $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 | — |