307 E 31 ST TX 78705
| Owner | GNP GLOBAL LLC |
|---|---|
| Parcel ID | 0215050424 |
| Short ID | 208518 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 31,090 SF |
| Land SF | 31,503 SF |
| Acres | 0.723 |
| Year Built | 1964 |
| Legal | LOT 4&5 BLK 1 DIV D ALLISON LAURA L RESUB |
| Neighborhood | 05WC1 |
| Land | $3,150,259 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,150,259 |
| Improvement | $3,559,741 |
|---|---|
| Total Improvement | $3,559,741 |
| Market | $6,710,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,710,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,710,000 |
| Taxable Value | $6,710,000 |
|---|
Appreciation: Market value has risen +128.1% from $2,941,600 (2021) to $6,710,000 (2025), a CAGR of 22.9% 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 $137,319. 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 47% of market value ($3,150,259 land vs $3,559,741 improvements), about $100/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $6,710,000, 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 +23.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $23,241,102 by 2031, with an estimated annual tax burden around $250,845. 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.
19 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 13,395 SF | ✓ |
| 1ST | 1st Floor | 12,579 SF | ✓ |
| 551 | PAVED AREA | 7,290 SF | ✗ |
| 3RD | 3rd Floor | 5,116 SF | ✓ |
| 511 | DECK | 1,872 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,624 SF | ✗ |
| 611 | TERRACE | 1,564 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,328 SF | ✗ |
| SO | Sketch Only | 1,272 SF | ✗ |
| 601 | POOL COMM'L | 990 SF | ✗ |
| 571C | STORAGE DET COMM | 800 SF | ✓ |
| 013C | PORCH OPEN 3 COMM | 348 SF | ✗ |
| 581C | STORAGE ATT COMM | 100 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 2 SF | ✓ |
| 539 | FENCE FV | 1 SF | ✗ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 172 | SHOWER STALL AVG | 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% | $62,080.92 | $62,080.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $35,161.54 | $35,161.54 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $25,219.20 | $25,219.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,919.34 | $7,919.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,938.14 | $6,938.14 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $137,319.14 | $137,319.14 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $62,080.92 | 45.2% |
| CAT City of Austin | 0.5240% | $35,161.54 | 25.6% |
| TCO Travis County | 0.3758% | $25,219.20 | 18.4% |
| THD Travis Central Health | 0.1180% | $7,919.34 | 5.8% |
| ACT Austin Community College | 0.1034% | $6,938.14 | 5.1% |
| Total | 2.0465% | $137,319.14 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,268,375 | $6,710,000 | +23.2% |
| Assessed Value | $8,268,375 | $6,710,000 | +23.2% |
| Land Value | $3,150,259 | $3,150,259 | +0.0% |
| Improvement Value | $5,118,116 | $3,559,741 | +43.8% |
| Taxable Value | $8,268,375 | $6,710,000 | +23.2% |
| Total Tax 2026 = estimate |
~$169,211
Estimated
|
~$137,319
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $8,268,375 | $3,150,259 | $5,118,116 | — | $8,268,375 | $8,268,375 | Not yet — post-cert | Preliminary |
| 2025 | $6,710,000 | $3,150,259 | $3,559,741 | — | $6,710,000 | $6,710,000 | ~$137,319 | Partial |
| 2024 | $7,782,000 | $3,150,259 | $4,631,741 | — | $7,782,000 | $7,782,000 | $132,187 | Verified |
| 2023 | $7,131,234 | $3,150,259 | $3,980,975 | — | $7,131,234 | $7,131,234 | $129,022 | Verified |
| 2022 | $3,030,008 | $1,181,250 | $1,848,758 | — | $3,030,008 | $3,030,008 | $59,840 | Verified |
| 2021 | $2,941,600 | $1,181,250 | $1,760,350 | — | $2,941,600 | $2,941,600 | $64,029 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +23.2% | +23.2% | ~100% | Not available | Partial |
| 2025 | -13.8% | -13.8% | ~100% | Not available | Partial |
| 2024 | +9.1% | +9.1% | ~100% | No billing data | Verified |
| 2023 | +135.4% ! | +135.4% | ~100% | No billing data | Verified |
| 2022 | +3.0% | +3.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +128.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +23.2% | +31.4% | +23.0% | +135.4% | 2023 | -13.8% | 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 |
$137,319 | $104,479 | ~$215,741 | $137,319 | 2025 | $59,840 | 2022 |
Market value changed by 135% 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 | ~$10,166,875 | ~$9,095,212 | ~2.0139% | ~$183,172 | +23.0% |
| 2028 | ~$12,501,289 | ~$10,004,734 | ~1.9814% | ~$198,233 | +51.2% |
| 2029 | ~$15,371,707 | ~$11,005,207 | ~1.9488% | ~$214,474 | +85.9% |
| 2030 | ~$18,901,201 | ~$12,105,728 | ~1.9163% | ~$231,981 | +128.6% |
| 2031 | ~$23,241,102 | ~$13,316,301 | ~1.8837% | ~$250,845 | +181.1% |
| 2027 | ~$10,001,507 | ~$9,095,212 | ~2.0465% | ~$186,132 | +21.0% |
| 2028 | ~$12,097,921 | ~$10,004,734 | ~2.0465% | ~$204,745 | +46.3% |
| 2029 | ~$14,633,764 | ~$11,005,207 | ~2.0465% | ~$225,220 | +77.0% |
| 2030 | ~$17,701,144 | ~$12,105,728 | ~2.0465% | ~$247,742 | +114.1% |
| 2031 | ~$21,411,477 | ~$13,316,301 | ~2.0465% | ~$272,516 | +159.0% |
| 2027 | ~$10,332,242 | ~$9,095,212 | ~1.9977% | ~$181,692 | +25.0% |
| 2028 | ~$12,911,271 | ~$10,004,734 | ~1.9488% | ~$194,976 | +56.2% |
| 2029 | ~$16,134,051 | ~$11,005,207 | ~1.9000% | ~$209,101 | +95.1% |
| 2030 | ~$20,161,267 | ~$12,105,728 | ~1.8512% | ~$224,101 | +143.8% |
| 2031 | ~$25,193,717 | ~$13,316,301 | ~1.8024% | ~$240,009 | +204.7% |
In 2025, this property's market value of $6,710,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 13× 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 | $6,710,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $7,782,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $7,131,234 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $3,030,008 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $2,941,600 | $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 | — |