3001 MEDICAL ARTS ST TX 78705
| Owner | RED RIVER OAKS LTD |
|---|---|
| Parcel ID | 0214070617 |
| Short ID | 206931 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 61,540 SF |
| Land SF | 117,307 SF |
| Acres | 2.693 |
| Year Built | 1962 |
| Legal | 2.693 ACR OF LOT 2&8 OLT 23 DIVISION C |
| Neighborhood | 08WC1 |
| Land | $15,836,445 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $15,836,445 |
| Improvement | $713,716 |
|---|---|
| Total Improvement | $713,716 |
| Market | $16,550,161 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $16,550,161 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $16,550,161 |
| Taxable Value | $16,550,161 |
|---|
Appreciation: Market value has risen +73.8% from $9,520,000 (2021) to $16,550,161 (2025), a CAGR of 14.8% over 4 years. This is strong appreciation — well above typical inflation. 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 $338,697. 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 96% of market value ($15,836,445 land vs $713,716 improvements), about $135/SF of land. With value concentrated in the land under a ~64-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 $16,550,161, 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 +14.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $35,391,394 by 2031, with an estimated annual tax burden around $556,868. 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 129,704 SF | ✗ |
| 1ST | 1st Floor | 30,974 SF | ✓ |
| 2ND | 2nd Floor | 30,566 SF | ✓ |
| 551 | PAVED AREA | 30,432 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 3,980 SF | ✗ |
| 581C | STORAGE ATT COMM | 1,308 SF | ✓ |
| 601 | POOL COMM'L | 960 SF | ✗ |
| MISC | Miscellaneous | 6 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 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% | $131,378.40 | $131,378.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $74,410.41 | $74,410.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $53,369.99 | $53,369.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $16,759.27 | $16,759.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $14,682.80 | $14,682.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $290,600.87 | $290,600.87 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $131,378.40 | 45.2% |
| CAT City of Austin | 0.5240% | $74,410.41 | 25.6% |
| TCO Travis County | 0.3758% | $53,369.99 | 18.4% |
| THD Travis Central Health | 0.1180% | $16,759.27 | 5.8% |
| ACT Austin Community College | 0.1034% | $14,682.80 | 5.1% |
| Total | 2.0465% | $290,600.87 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $18,355,546 | $16,550,161 | +10.9% |
| Assessed Value | $18,355,546 | $16,550,161 | +10.9% |
| Land Value | $17,596,050 | $15,836,445 | +11.1% |
| Improvement Value | $759,496 | $713,716 | +6.4% |
| Taxable Value | $18,355,546 | $16,550,161 | +10.9% |
| Total Tax 2026 = estimate |
~$375,644
Estimated
|
~$290,601
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $18,355,546 | $17,596,050 | $759,496 | — | $18,355,546 | $18,355,546 | Not yet — post-cert | Preliminary |
| 2025 | $16,550,161 | $15,836,445 | $713,716 | — | $16,550,161 | $16,550,161 | ~$290,601 | Partial |
| 2024 | $13,350,000 | $15,836,445 | — | — | $13,350,000 | $13,350,000 | $250,468 | Verified |
| 2023 | $17,438,564 | $15,836,445 | $1,602,119 | — | $17,438,564 | $17,438,564 | $289,187 | Verified |
| 2022 | $10,290,000 | $9,384,560 | $905,440 | — | $10,290,000 | $10,290,000 | $192,150 | Verified |
| 2021 | $9,520,000 | $9,384,560 | $135,440 | — | $9,520,000 | $9,520,000 | $196,446 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.9% | +10.9% | ~100% | Not available | Partial |
| 2025 | +24.0% | +24.0% | ~100% | Not available | Partial |
| 2024 | -23.4% | -23.4% | ~100% | No billing data | Verified |
| 2023 | +69.5% | +69.5% | ~100% | No billing data | Verified |
| 2022 | +8.1% | +8.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +73.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.9% | +17.8% | +14.0% | +69.5% | 2023 | -23.4% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.7600% | 1.7600% | — | 1.7600% | 2025 | 1.7600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$290,601 | $243,770 | ~$478,938 | $290,601 | 2025 | $192,150 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$20,931,164 | ~$20,191,101 | ~2.0139% | ~$406,636 | +14.0% |
| 2028 | ~$23,868,188 | ~$22,210,211 | ~1.9814% | ~$440,070 | +30.0% |
| 2029 | ~$27,217,330 | ~$24,431,232 | ~1.9488% | ~$476,125 | +48.3% |
| 2030 | ~$31,036,418 | ~$26,874,355 | ~1.9163% | ~$514,991 | +69.1% |
| 2031 | ~$35,391,394 | ~$29,561,790 | ~1.8837% | ~$556,868 | +92.8% |
| 2027 | ~$20,564,053 | ~$20,191,101 | ~2.0465% | ~$413,208 | +12.0% |
| 2028 | ~$23,038,284 | ~$22,210,211 | ~2.0465% | ~$454,529 | +25.5% |
| 2029 | ~$25,810,210 | ~$24,431,232 | ~2.0465% | ~$499,981 | +40.6% |
| 2030 | ~$28,915,649 | ~$26,874,355 | ~2.0465% | ~$549,980 | +57.5% |
| 2031 | ~$32,394,729 | ~$29,561,790 | ~2.0465% | ~$604,978 | +76.5% |
| 2027 | ~$21,298,275 | ~$20,191,101 | ~1.9977% | ~$403,350 | +16.0% |
| 2028 | ~$24,712,777 | ~$22,210,211 | ~1.9488% | ~$432,841 | +34.6% |
| 2029 | ~$28,674,686 | ~$24,431,232 | ~1.9000% | ~$464,198 | +56.2% |
| 2030 | ~$33,271,761 | ~$26,874,355 | ~1.8512% | ~$497,496 | +81.3% |
| 2031 | ~$38,605,831 | ~$29,561,790 | ~1.8024% | ~$532,813 | +110.3% |
In 2025, this property's market value of $16,550,161 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 32× 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 | $16,550,161 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $13,350,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $17,438,564 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $10,290,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $9,520,000 | $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 | — |