1017 CONCORDIA AVE TX 78705
| Owner | ESCARPMENT VILLAGE LLC |
|---|---|
| Parcel ID | 0215080157 |
| Short ID | 771763 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 292,431 SF |
| Land SF | 101,364 SF |
| Acres | 2.327 |
| Year Built | — |
| Legal | LOT 6 BLK A EAST AVENUE SUBD |
| Neighborhood | 08WC2 |
| Land | $20,272,824 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $20,272,824 |
| Improvement | $65,977,176 |
|---|---|
| Total Improvement | $65,977,176 |
| Market | $86,250,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $86,250,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $86,250,000 |
| Taxable Value | $86,250,000 |
|---|
Appreciation: Market value has risen +427.3% from $16,358,101 (2021) to $86,250,000 (2025), a CAGR of 51.5% 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 $1,765,093. 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 24% of market value ($20,272,824 land vs $65,977,176 improvements), about $200/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $86,250,000, 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 +38.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $413,501,988 by 2031, with an estimated annual tax burden around $2,495,113. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 292,431 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% | $797,985.00 | $797,985.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $451,964.66 | $451,964.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $324,166.31 | $324,166.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $101,794.84 | $101,794.84 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $89,182.50 | $89,182.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,765,093.31 | $1,765,093.31 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $797,985.00 | 45.2% |
| CAT City of Austin | 0.5240% | $451,964.66 | 25.6% |
| TCO Travis County | 0.3758% | $324,166.31 | 18.4% |
| THD Travis Central Health | 0.1180% | $101,794.84 | 5.8% |
| ACT Austin Community College | 0.1034% | $89,182.50 | 5.1% |
| Total | 2.0465% | $1,765,093.31 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $82,244,193 | $86,250,000 | -4.6% |
| Assessed Value | $82,244,193 | $86,250,000 | -4.6% |
| Land Value | $20,272,824 | $20,272,824 | +0.0% |
| Improvement Value | $61,971,369 | $65,977,176 | -6.1% |
| Taxable Value | $82,244,193 | $86,250,000 | -4.6% |
| Total Tax 2026 = estimate |
~$1,683,115
Estimated
|
~$1,765,093
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $82,244,193 | $20,272,824 | $61,971,369 | — | $82,244,193 | $82,244,193 | Not yet — post-cert | Preliminary |
| 2025 | $86,250,000 | $20,272,824 | $65,977,176 | — | $86,250,000 | $86,250,000 | ~$1,765,093 | Partial |
| 2024 | $92,738,104 | $20,272,824 | $72,465,280 | — | $92,738,104 | $92,738,104 | $1,837,897 | Verified |
| 2023 | $118,870,000 | $20,272,824 | $98,597,176 | — | $118,870,000 | $118,870,000 | $1,827,853 | Verified |
| 2022 | $66,842,023 | $20,272,824 | $46,569,199 | — | $66,842,023 | $66,842,023 | $1,320,078 | Verified |
| 2021 | $16,358,101 | $11,150,053 | $5,208,048 | — | $16,358,101 | $16,358,101 | $356,063 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.6% | -4.6% | ~100% | Not available | Partial |
| 2025 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2024 | -22.0% | -22.0% | ~100% | No billing data | Verified |
| 2023 | +77.8% ! | +77.8% | ~100% | No billing data | Verified |
| 2022 | +308.6% ! | +308.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +427.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.6% | +70.6% | +38.1% | +308.6% | 2022 | -22.0% | 2024 |
| 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 |
$1,765,093 | $1,421,397 | ~$2,145,939 | $1,837,897 | 2024 | $356,063 | 2021 |
Market value changed by 309% 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 | ~$113,600,362 | ~$90,468,612 | ~2.0139% | ~$1,821,980 | +38.1% |
| 2028 | ~$156,911,288 | ~$99,515,474 | ~1.9814% | ~$1,971,788 | +90.8% |
| 2029 | ~$216,734,805 | ~$109,467,021 | ~1.9488% | ~$2,133,337 | +163.5% |
| 2030 | ~$299,366,452 | ~$120,413,723 | ~1.9163% | ~$2,307,477 | +264.0% |
| 2031 | ~$413,501,988 | ~$132,455,095 | ~1.8837% | ~$2,495,113 | +402.8% |
| 2027 | ~$111,955,478 | ~$90,468,612 | ~2.0465% | ~$1,851,427 | +36.1% |
| 2028 | ~$152,400,171 | ~$99,515,474 | ~2.0465% | ~$2,036,569 | +85.3% |
| 2029 | ~$207,455,790 | ~$109,467,021 | ~2.0465% | ~$2,240,226 | +152.2% |
| 2030 | ~$282,400,633 | ~$120,413,723 | ~2.0465% | ~$2,464,249 | +243.4% |
| 2031 | ~$384,419,820 | ~$132,455,095 | ~2.0465% | ~$2,710,674 | +367.4% |
| 2027 | ~$115,245,246 | ~$90,468,612 | ~1.9977% | ~$1,807,257 | +40.1% |
| 2028 | ~$161,488,200 | ~$99,515,474 | ~1.9488% | ~$1,939,397 | +96.4% |
| 2029 | ~$226,286,460 | ~$109,467,021 | ~1.9000% | ~$2,079,892 | +175.1% |
| 2030 | ~$317,085,472 | ~$120,413,723 | ~1.8512% | ~$2,229,092 | +285.5% |
| 2031 | ~$444,318,216 | ~$132,455,095 | ~1.8024% | ~$2,387,333 | +440.2% |
In 2025, this property's market value of $86,250,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 166× 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 | $86,250,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $92,738,104 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $118,870,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $66,842,023 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $16,358,101 | $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 | — |