701 SPARKS AVE TX 78705
| Owner | RJ 814 PROPERTIES LLC |
|---|---|
| Parcel ID | 0215060102 |
| Short ID | 208701 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 15,764 SF |
| Acres | 0.362 |
| Year Built | — |
| Legal | LOT 1&2 OLT 1 DIV X HARRIS PARK ADDN |
| Neighborhood | Z64005 |
| Land | $695,865 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $695,865 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $695,865 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $695,865 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $695,865 |
| Taxable Value | $695,865 |
|---|
Appreciation: Market value has fallen -10.1% from $774,200 (2021) to $695,865 (2025), a CAGR of -2.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 lagged 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 $14,241. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($695,865 land vs $0 improvements), about $44/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $695,865, this parcel sits in the upper-middle (50th–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 -4.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $477,102 by 2031, with an estimated annual tax burden around $8,987. 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.
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% | $6,438.14 | $6,438.14 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,646.45 | $3,646.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,615.37 | $2,615.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $821.28 | $821.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $719.52 | $719.52 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,240.76 | $14,240.76 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $6,438.14 | 45.2% |
| CAT City of Austin | 0.5240% | $3,646.45 | 25.6% |
| TCO Travis County | 0.3758% | $2,615.37 | 18.4% |
| THD Travis Central Health | 0.1180% | $821.28 | 5.8% |
| ACT Austin Community College | 0.1034% | $719.52 | 5.1% |
| Total | 2.0465% | $14,240.76 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $607,760 | $695,865 | -12.7% |
| Assessed Value | $607,760 | $695,865 | -12.7% |
| Land Value | $607,760 | $695,865 | -12.7% |
| Improvement Value | — | — | — |
| Taxable Value | $607,760 | $695,865 | -12.7% |
| Total Tax 2026 = estimate |
~$12,438
Estimated
|
~$14,241
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $607,760 | $607,760 | — | — | $607,760 | $607,760 | Not yet — post-cert | Preliminary |
| 2025 | $695,865 | $695,865 | — | — | $695,865 | $695,865 | ~$14,241 | Partial |
| 2024 | $975,000 | $975,000 | — | — | $975,000 | $975,000 | $19,323 | Verified |
| 2023 | $810,282 | $455,000 | $355,282 | — | $810,282 | $810,282 | $14,660 | Verified |
| 2022 | $810,282 | $455,000 | $355,282 | — | $810,282 | $810,282 | $16,002 | Verified |
| 2021 | $774,200 | $422,500 | $351,700 | — | $774,200 | $774,200 | $16,852 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.7% | -12.7% | ~100% | Not available | Partial |
| 2025 | -28.6% | -28.6% | ~100% | Not available | Partial |
| 2024 | +20.3% | +20.3% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +4.7% | +4.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -10.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.7% | -3.3% | -4.7% | +20.3% | 2024 | -28.6% | 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 |
$14,241 | $16,216 | ~$10,284 | $19,323 | 2024 | $14,241 | 2025 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$579,039 | ~$579,039 | ~2.0139% | ~$11,661 | -4.7% |
| 2028 | ~$551,675 | ~$551,675 | ~1.9814% | ~$10,931 | -9.2% |
| 2029 | ~$525,605 | ~$525,605 | ~1.9488% | ~$10,243 | -13.5% |
| 2030 | ~$500,767 | ~$500,767 | ~1.9163% | ~$9,596 | -17.6% |
| 2031 | ~$477,102 | ~$477,102 | ~1.8837% | ~$8,987 | -21.5% |
| 2027 | ~$577,372 | ~$577,372 | ~2.0465% | ~$11,816 | -5.0% |
| 2028 | ~$548,503 | ~$548,503 | ~2.0465% | ~$11,225 | -9.8% |
| 2029 | ~$521,078 | ~$521,078 | ~2.0465% | ~$10,664 | -14.3% |
| 2030 | ~$495,024 | ~$495,024 | ~2.0465% | ~$10,131 | -18.5% |
| 2031 | ~$470,273 | ~$470,273 | ~2.0465% | ~$9,624 | -22.6% |
| 2027 | ~$591,194 | ~$591,194 | ~1.9977% | ~$11,810 | -2.7% |
| 2028 | ~$575,080 | ~$575,080 | ~1.9488% | ~$11,207 | -5.4% |
| 2029 | ~$559,405 | ~$559,405 | ~1.9000% | ~$10,629 | -8.0% |
| 2030 | ~$544,158 | ~$544,158 | ~1.8512% | ~$10,073 | -10.5% |
| 2031 | ~$529,325 | ~$529,325 | ~1.8024% | ~$9,540 | -12.9% |
In 2025, this property's market value of $695,865 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12570 comparable) — +34% above 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 | $695,865 | $438,150 | $519,086 | $747,031 | ↑ Above median | -7.5% |
| 2024 | $975,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $810,282 | $503,694 | $616,727 | $918,308 | ↑ Above median | +0.9% |
| 2022 | $810,282 | $506,269 | $614,560 | $904,074 | ↑ Above median | +39.0% |
| 2021 | $774,200 | $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 | — |