717 RED RIVER ST TX 78701
| Owner | 717 RED RIVER LTD |
|---|---|
| Parcel ID | 0206041202 |
| Short ID | 194635 |
| Type | Real |
| Use Code | 00 (unlisted) |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 12,065 SF |
| Acres | 0.277 |
| Year Built | — |
| Legal | TRI OF LOT 6 *& N95FT OF LOT 7 *LESS NE TRI N 95FT OF LOT 8 BLOCK 089 ORIGINAL CITY |
| Neighborhood | 1CBD1 |
| Land | $3,800,475 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,800,475 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $3,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,000,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$1,690,204 |
| Net Appraised (assessed) | $1,309,796 |
| Taxable Value | $1,309,796 |
|---|
Appreciation: Market value has risen +229.8% from $909,581 (2021) to $3,000,000 (2025), a CAGR of 34.8% 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 Commercial parcel countywide rose +17.8%, so this parcel has outpaced the broader commercial 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 $26,805. Austin ISD is the largest single contributor, at 44.0% of the total 2025 levy.
Assessment Gap: Assessed value ($1,309,796) is $1,690,204 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 127% of market value ($3,800,475 land vs $0 improvements), about $315/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 $3,000,000, this parcel sits in the upper-middle (50th–75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). Commercial here is the broad TCAD category — every commercial 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 +27.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,894,666 by 2031, with an estimated annual tax burden around $47,684. 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 | 6,555 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% | $12,118.23 | $12,118.23 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,863.55 | $6,863.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,922.80 | $4,922.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,545.86 | $1,545.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,354.33 | $1,354.33 | Paid |
| P2U | — | — | — | — | — | — | $749.06 | $749.06 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,553.83 | $27,553.83 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $12,118.23 | 44.0% |
| CAT City of Austin | 0.5240% | $6,863.55 | 24.9% |
| TCO Travis County | 0.3758% | $4,922.80 | 17.9% |
| THD Travis Central Health | 0.1180% | $1,545.86 | 5.6% |
| ACT Austin Community College | 0.1034% | $1,354.33 | 4.9% |
| P2U | — | $749.06 | 2.7% |
| Total | 2.0465% 5 of 6 | $27,553.83 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,000,000 | $3,000,000 | +0.0% |
| Assessed Value | $1,571,755 | $1,309,796 | +20.0% |
| Land Value | $3,016,250 | $3,800,475 | -20.6% |
| Improvement Value | — | — | — |
| Taxable Value | $1,571,755 | $1,309,796 | +20.0% |
| HS Cap Loss | -$1,428,245 | — | |
| Total Tax 2026 = estimate |
~$32,166
Estimated
|
~$27,554
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,000,000 | $3,016,250 | — | −$1,428,245 | $1,571,755 | $1,571,755 | Not yet — post-cert | Preliminary |
| 2025 | $3,000,000 | $3,800,475 | — | −$1,690,204 | $1,309,796 | $1,309,796 | ~$27,554 | Partial |
| 2024 | $3,000,000 | $3,800,475 | — | −$1,908,503 | $1,091,497 | $1,091,497 | $22,179 | Verified |
| 2023 | $909,581 | $904,875 | $4,706 | — | $909,581 | $909,581 | $16,835 | Verified |
| 2022 | $909,581 | $904,875 | $4,706 | — | $909,581 | $909,581 | $18,340 | Verified |
| 2021 | $909,581 | $904,875 | $4,706 | — | $909,581 | $909,581 | $20,208 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +20.0% | 52.4% | Not available | Partial |
| 2025 | +0.0% | +20.0% | 43.7% | Not available | Partial |
| 2024 | +229.8% ! | +20.0% | 36.4% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~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): +229.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +46.0% | +27.0% | +229.8% | 2024 | +0.0% | 2022 |
| Assessment Ratio | 52.4% | 72.1% | — | 100.0% | 2021 | 36.4% | 2024 |
| Effective Tax Rate (2025) | 0.9200% | 0.9200% | — | 0.9200% | 2025 | 0.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$27,554 | $21,023 | ~$41,011 | $27,554 | 2025 | $16,835 | 2023 |
Market value changed by 230% 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 | ~$3,808,704 | ~$1,728,931 | ~2.0139% | ~$34,820 | +27.0% |
| 2028 | ~$4,835,409 | ~$1,901,824 | ~1.9814% | ~$37,683 | +61.2% |
| 2029 | ~$6,138,881 | ~$2,092,006 | ~1.9488% | ~$40,770 | +104.6% |
| 2030 | ~$7,793,726 | ~$2,301,206 | ~1.9163% | ~$44,098 | +159.8% |
| 2031 | ~$9,894,666 | ~$2,531,327 | ~1.8837% | ~$47,684 | +229.8% |
| 2027 | ~$3,748,704 | ~$1,728,931 | ~2.0465% | ~$35,382 | +25.0% |
| 2028 | ~$4,684,261 | ~$1,901,824 | ~2.0465% | ~$38,921 | +56.1% |
| 2029 | ~$5,853,302 | ~$2,092,006 | ~2.0465% | ~$42,813 | +95.1% |
| 2030 | ~$7,314,100 | ~$2,301,206 | ~2.0465% | ~$47,094 | +143.8% |
| 2031 | ~$9,139,465 | ~$2,531,327 | ~2.0465% | ~$51,803 | +204.6% |
| 2027 | ~$3,868,704 | ~$1,728,931 | ~1.9977% | ~$34,538 | +29.0% |
| 2028 | ~$4,988,957 | ~$1,901,824 | ~1.9488% | ~$37,063 | +66.3% |
| 2029 | ~$6,433,599 | ~$2,092,006 | ~1.9000% | ~$39,748 | +114.5% |
| 2030 | ~$8,296,564 | ~$2,301,206 | ~1.8512% | ~$42,600 | +176.6% |
| 2031 | ~$10,698,984 | ~$2,531,327 | ~1.8024% | ~$45,624 | +256.6% |
In 2025, this property's market value of $3,000,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13595 comparable) — +117% above the county median of $1,382,921. Commercial here is the broad TCAD category — every commercial 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 | $3,000,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Above median | -0.8% |
| 2024 | $3,000,000 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $909,581 | $651,680 | $1,383,015 | $3,277,245 | ↓ Below median | +9.7% |
| 2022 | $909,581 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $909,581 | $538,645 | $1,173,514 | $2,782,974 | ↓ Below median | 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 | — |