2507 SETON AVE 78705
| Owner | 2513 SETON OWNER LP |
|---|---|
| Parcel ID | 0214010413 |
| Short ID | 963472 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 51,274 SF |
| Acres | 1.177 |
| Year Built | — |
| Legal | SETON AVENUE SUBD LOT 1 |
| Neighborhood | WC |
| Land | $11,536,758 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,536,758 |
| Improvement | $113,263,242 |
|---|---|
| Total Improvement | $113,263,242 |
| Market | $124,800,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $124,800,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $124,800,000 |
| Taxable Value | $124,800,000 |
|---|
Appreciation: Market value has risen +1109.3% from $10,319,685 (2022) to $124,800,000 (2025), a CAGR of 129.5% over 3 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 Multi-Family parcel countywide fell -15.5%, 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 $2,554,013. 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 9% of market value ($11,536,758 land vs $113,263,242 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $124,800,000, 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 +85.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,705,468,235 by 2031, with an estimated annual tax burden around $3,720,267. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 238,650 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% | $1,128,744.00 | $1,128,744.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $639,300.74 | $639,300.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $458,530.90 | $458,530.90 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $143,988.06 | $143,988.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $126,148.00 | $126,148.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,496,711.70 | $2,496,711.70 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,128,744.00 | 45.2% |
| CAT City of Austin | 0.5240% | $639,300.74 | 25.6% |
| TCO Travis County | 0.3758% | $458,530.90 | 18.4% |
| THD Travis Central Health | 0.1180% | $143,988.06 | 5.8% |
| ACT Austin Community College | 0.1034% | $126,148.00 | 5.1% |
| Total | 2.0465% | $2,496,711.70 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $122,627,848 | $124,800,000 | -1.7% |
| Assessed Value | $122,627,848 | $124,800,000 | -1.7% |
| Land Value | $11,536,758 | $11,536,758 | +0.0% |
| Improvement Value | $111,091,090 | $113,263,242 | -1.9% |
| Taxable Value | $122,627,848 | $124,800,000 | -1.7% |
| Total Tax 2026 = estimate |
~$2,509,561
Estimated
|
~$2,496,712
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $122,627,848 | $11,536,758 | $111,091,090 | — | $122,627,848 | $122,627,848 | Not yet — post-cert | Preliminary |
| 2025 | $124,800,000 | $11,536,758 | $113,263,242 | — | $124,800,000 | $124,800,000 | ~$2,496,712 | Partial |
| 2024 | $123,110,000 | $11,536,758 | $111,573,242 | — | $123,110,000 | $123,110,000 | $2,439,811 | Verified |
| 2023 | $31,321,798 | $11,536,758 | $19,785,040 | — | $31,321,798 | $31,321,798 | $566,689 | Verified |
| 2022 | $10,319,685 | $3,784,493 | $6,535,192 | — | $10,319,685 | $10,319,685 | $203,806 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2025 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2024 | +293.0% ! | +293.0% | ~100% | No billing data | Verified |
| 2023 | +203.5% ! | +203.5% | ~100% | No billing data | Verified |
| 2022 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1109.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.7% | +124.0% | +85.7% | +293.0% | 2024 | -1.7% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2022 | 100.0% | 2022 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,496,712 | $1,426,754 | ~$3,199,641 | $2,496,712 | 2025 | $203,806 | 2022 |
Market value changed by 204% 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 | ~$227,677,321 | ~$134,890,633 | ~2.0139% | ~$2,716,612 | +85.7% |
| 2028 | ~$422,717,707 | ~$148,379,696 | ~1.9814% | ~$2,939,977 | +244.7% |
| 2029 | ~$784,839,959 | ~$163,217,666 | ~1.9488% | ~$3,180,850 | +540.0% |
| 2030 | ~$1,457,175,205 | ~$179,539,432 | ~1.9163% | ~$3,440,498 | +1088.3% |
| 2031 | ~$2,705,468,235 | ~$197,493,375 | ~1.8837% | ~$3,720,267 | +2106.2% |
| 2027 | ~$225,224,764 | ~$134,890,633 | ~2.0465% | ~$2,760,517 | +83.7% |
| 2028 | ~$413,659,665 | ~$148,379,696 | ~2.0465% | ~$3,036,568 | +237.3% |
| 2029 | ~$759,749,128 | ~$163,217,666 | ~2.0465% | ~$3,340,225 | +519.6% |
| 2030 | ~$1,395,395,265 | ~$179,539,432 | ~2.0465% | ~$3,674,248 | +1037.9% |
| 2031 | ~$2,562,856,439 | ~$197,493,375 | ~2.0465% | ~$4,041,672 | +1989.9% |
| 2027 | ~$230,129,878 | ~$134,890,633 | ~1.9977% | ~$2,694,659 | +87.7% |
| 2028 | ~$431,873,851 | ~$148,379,696 | ~1.9488% | ~$2,891,682 | +252.2% |
| 2029 | ~$810,477,215 | ~$163,217,666 | ~1.9000% | ~$3,101,163 | +560.9% |
| 2030 | ~$1,520,984,229 | ~$179,539,432 | ~1.8512% | ~$3,323,623 | +1140.3% |
| 2031 | ~$2,854,359,115 | ~$197,493,375 | ~1.8024% | ~$3,559,564 | +2227.7% |
In 2025, this property's market value of $124,800,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 240× 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 | $124,800,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $123,110,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $31,321,798 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $10,319,685 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 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 | 2022–2024 | 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 | 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 | — |