2504 NEW YORK DR TX 78702
| Owner | 2008 EAST AUSTIN MOUNT CARMEL I LP |
|---|---|
| Parcel ID | 0208111612 |
| Short ID | 197671 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 71,984 SF |
| Land SF | 418,176 SF |
| Acres | 9.600 |
| Year Built | 1971 |
| Legal | LOT 4 ROSEWOOD VILLAGE SEC 4 |
| Neighborhood | 08EC |
| Land | $33,454,080 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $33,454,080 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $15,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,100,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,100,000 |
| Taxable Value | $15,100,000 |
|---|
Appreciation: Market value has risen +21.3% from $12,450,000 (2021) to $15,100,000 (2025), a CAGR of 4.9% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. 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 $309,019. Austin ISD is the largest single contributor, at 45.2% 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 222% of market value ($33,454,080 land vs $0 improvements), about $80/SF of land. With value concentrated in the land under a ~55-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $15,100,000, 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 +22.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $94,819,768 by 2031, with an estimated annual tax burden around $1,042,363. 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.
18 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 135,908 SF | ✗ |
| 1ST | 1st Floor | 40,560 SF | ✓ |
| 2ND | 2nd Floor | 31,424 SF | ✓ |
| 551 | PAVED AREA | 13,500 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 5,856 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 2,164 SF | ✗ |
| 571C | STORAGE DET COMM | 2,016 SF | ✓ |
| 611 | TERRACE | 728 SF | ✗ |
| 581C | STORAGE ATT COMM | 56 SF | ✓ |
| MISC | Miscellaneous | 15 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 299 | ALL FLAT VALUE | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 509 | CANOPY FV | 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% | $139,705.20 | $139,705.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $79,126.57 | $79,126.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $56,752.60 | $56,752.60 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $17,821.47 | $17,821.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $15,613.40 | $15,613.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $309,019.24 | $309,019.24 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $139,705.20 | 45.2% |
| CAT City of Austin | 0.5240% | $79,126.57 | 25.6% |
| TCO Travis County | 0.3758% | $56,752.60 | 18.4% |
| THD Travis Central Health | 0.1180% | $17,821.47 | 5.8% |
| ACT Austin Community College | 0.1034% | $15,613.40 | 5.1% |
| Total | 2.0465% | $309,019.24 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $34,358,494 | $15,100,000 | +127.5% |
| Assessed Value | $34,358,494 | $15,100,000 | +127.5% |
| Land Value | $33,454,080 | $33,454,080 | +0.0% |
| Improvement Value | $904,414 | — | — |
| Taxable Value | $34,358,494 | $15,100,000 | +127.5% |
| Total Tax 2026 = estimate |
~$703,141
Estimated
|
~$309,019
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $34,358,494 | $33,454,080 | $904,414 | — | $34,358,494 | $34,358,494 | Not yet — post-cert | Preliminary |
| 2025 | $15,100,000 | $33,454,080 | — | — | $15,100,000 | $15,100,000 | ~$309,019 | Partial |
| 2024 | $15,100,000 | $33,454,080 | — | — | $15,100,000 | $15,100,000 | $299,254 | Verified |
| 2023 | $35,345,481 | $33,454,080 | $1,891,401 | — | $35,345,481 | $35,345,481 | $273,196 | Verified |
| 2022 | $13,390,509 | $6,690,816 | $6,699,693 | — | $13,390,509 | $13,390,509 | $264,452 | Verified |
| 2021 | $12,450,000 | $6,690,816 | $5,759,184 | — | $12,450,000 | $12,450,000 | $270,997 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +127.5% ! | +127.5% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -57.3% | -57.3% | ~100% | No billing data | Verified |
| 2023 | +164.0% ! | +164.0% | ~100% | No billing data | Verified |
| 2022 | +7.6% | +7.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +21.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +127.5% | +48.4% | +22.5% | +164.0% | 2023 | -57.3% | 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 |
$309,019 | $283,384 | ~$896,492 | $309,019 | 2025 | $264,452 | 2022 |
Market value changed by 164% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$42,092,728 | ~$37,794,343 | ~2.0139% | ~$761,154 | +22.5% |
| 2028 | ~$51,567,969 | ~$41,573,778 | ~1.9814% | ~$823,738 | +50.1% |
| 2029 | ~$63,176,124 | ~$45,731,156 | ~1.9488% | ~$891,227 | +83.9% |
| 2030 | ~$77,397,322 | ~$50,304,271 | ~1.9163% | ~$963,976 | +125.3% |
| 2031 | ~$94,819,768 | ~$55,334,698 | ~1.8837% | ~$1,042,363 | +176.0% |
| 2027 | ~$41,405,558 | ~$37,794,343 | ~2.0465% | ~$773,456 | +20.5% |
| 2028 | ~$49,898,003 | ~$41,573,778 | ~2.0465% | ~$850,801 | +45.2% |
| 2029 | ~$60,132,283 | ~$45,731,156 | ~2.0465% | ~$935,881 | +75.0% |
| 2030 | ~$72,465,654 | ~$50,304,271 | ~2.0465% | ~$1,029,469 | +110.9% |
| 2031 | ~$87,328,648 | ~$55,334,698 | ~2.0465% | ~$1,132,416 | +154.2% |
| 2027 | ~$42,779,898 | ~$37,794,343 | ~1.9977% | ~$755,003 | +24.5% |
| 2028 | ~$53,265,421 | ~$41,573,778 | ~1.9488% | ~$810,206 | +55.0% |
| 2029 | ~$66,320,989 | ~$45,731,156 | ~1.9000% | ~$868,900 | +93.0% |
| 2030 | ~$82,576,528 | ~$50,304,271 | ~1.8512% | ~$931,230 | +140.3% |
| 2031 | ~$102,816,364 | ~$55,334,698 | ~1.8024% | ~$997,337 | +199.2% |
In 2025, this property's market value of $15,100,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 29× 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 | $15,100,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $15,100,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $35,345,481 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $13,390,509 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $12,450,000 | $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 | — |