2408 MANOR RD TX 78722
| Owner | F&B 2408 MANOR RD LLC |
|---|---|
| Parcel ID | 0213110132 |
| Short ID | 205401 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 31,674 SF |
| Land SF | 55,669 SF |
| Acres | 1.278 |
| Year Built | 1985 |
| Legal | ACR 1.278 OF OLT 33 DIVISION C |
| Neighborhood | 06EC1 |
| Land | $4,453,520 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,453,520 |
| Improvement | $1,826,480 |
|---|---|
| Total Improvement | $1,826,480 |
| Market | $6,280,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,280,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,280,000 |
| Taxable Value | $6,280,000 |
|---|
Appreciation: Market value has risen +127.7% from $2,757,501 (2021) to $6,280,000 (2025), a CAGR of 22.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 $128,519. 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 71% of market value ($4,453,520 land vs $1,826,480 improvements), about $80/SF of land. With value concentrated in the land under a ~41-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 $6,280,000, 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 +24.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $23,764,504 by 2031, with an estimated annual tax burden around $245,588. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 28,500 SF | ✗ |
| 2ND | 2nd Floor | 10,680 SF | ✓ |
| 3RD | 3rd Floor | 10,680 SF | ✓ |
| 1ST | 1st Floor | 10,314 SF | ✓ |
| SO | Sketch Only | 3,847 SF | ✗ |
| 591 | MASONRY TRIM SF | 2,220 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 2,098 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,408 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 1,408 SF | ✗ |
| 541 | FENCE COMM LF | 775 SF | ✗ |
| 571C | STORAGE DET COMM | 210 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 182 | SINK AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 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% | $58,102.56 | $58,102.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $32,908.27 | $32,908.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $23,603.07 | $23,603.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,411.84 | $7,411.84 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,493.52 | $6,493.52 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $128,519.26 | $128,519.26 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $58,102.56 | 45.2% |
| CAT City of Austin | 0.5240% | $32,908.27 | 25.6% |
| TCO Travis County | 0.3758% | $23,603.07 | 18.4% |
| THD Travis Central Health | 0.1180% | $7,411.84 | 5.8% |
| ACT Austin Community College | 0.1034% | $6,493.52 | 5.1% |
| Total | 2.0465% | $128,519.26 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,095,100 | $6,280,000 | +28.9% |
| Assessed Value | $8,095,100 | $6,280,000 | +28.9% |
| Land Value | $4,453,520 | $4,453,520 | +0.0% |
| Improvement Value | $3,641,580 | $1,826,480 | +99.4% |
| Taxable Value | $8,095,100 | $6,280,000 | +28.9% |
| Total Tax 2026 = estimate |
~$165,665
Estimated
|
~$128,519
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $8,095,100 | $4,453,520 | $3,641,580 | — | $8,095,100 | $8,095,100 | Not yet — post-cert | Preliminary |
| 2025 | $6,280,000 | $4,453,520 | $1,826,480 | — | $6,280,000 | $6,280,000 | ~$128,519 | Partial |
| 2024 | $7,294,522 | $4,453,520 | $2,841,002 | — | $7,294,522 | $7,294,522 | $144,564 | Verified |
| 2023 | $7,918,500 | $4,453,520 | $3,464,980 | — | $7,918,500 | $7,918,500 | $127,553 | Verified |
| 2022 | $7,285,020 | $3,618,485 | $3,666,535 | — | $7,285,020 | $7,285,020 | $131,959 | Verified |
| 2021 | $2,757,501 | $1,664,791 | $1,092,710 | — | $2,757,501 | $2,757,501 | $137,610 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +28.9% | +28.9% | ~100% | Not available | Partial |
| 2025 | -13.9% | -13.9% | ~100% | Not available | Partial |
| 2024 | -7.9% | -7.9% | ~100% | No billing data | Verified |
| 2023 | +8.7% | +8.7% | ~100% | No billing data | Verified |
| 2022 | +164.2% ! | +164.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +127.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +28.9% | +36.0% | +24.0% | +164.2% | 2022 | -13.9% | 2025 |
| 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 |
$128,519 | $134,041 | ~$211,219 | $144,564 | 2024 | $127,553 | 2023 |
Market value changed by 164% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$10,040,689 | ~$8,904,610 | ~2.0139% | ~$179,333 | +24.0% |
| 2028 | ~$12,453,885 | ~$9,795,071 | ~1.9814% | ~$194,078 | +53.8% |
| 2029 | ~$15,447,071 | ~$10,774,578 | ~1.9488% | ~$209,979 | +90.8% |
| 2030 | ~$19,159,645 | ~$11,852,036 | ~1.9163% | ~$227,119 | +136.7% |
| 2031 | ~$23,764,504 | ~$13,037,240 | ~1.8837% | ~$245,588 | +193.6% |
| 2027 | ~$9,878,787 | ~$8,904,610 | ~2.0465% | ~$182,232 | +22.0% |
| 2028 | ~$12,055,495 | ~$9,795,071 | ~2.0465% | ~$200,455 | +48.9% |
| 2029 | ~$14,711,822 | ~$10,774,578 | ~2.0465% | ~$220,500 | +81.7% |
| 2030 | ~$17,953,448 | ~$11,852,036 | ~2.0465% | ~$242,550 | +121.8% |
| 2031 | ~$21,909,340 | ~$13,037,240 | ~2.0465% | ~$266,805 | +170.6% |
| 2027 | ~$10,202,591 | ~$8,904,610 | ~1.9977% | ~$177,884 | +26.0% |
| 2028 | ~$12,858,750 | ~$9,795,071 | ~1.9488% | ~$190,890 | +58.8% |
| 2029 | ~$16,206,418 | ~$10,774,578 | ~1.9000% | ~$204,719 | +100.2% |
| 2030 | ~$20,425,622 | ~$11,852,036 | ~1.8512% | ~$219,404 | +152.3% |
| 2031 | ~$25,743,261 | ~$13,037,240 | ~1.8024% | ~$234,979 | +218.0% |
In 2025, this property's market value of $6,280,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 12× 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 | $6,280,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $7,294,522 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $7,918,500 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $7,285,020 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $2,757,501 | $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 | — |