3301 RED RIVER ST TX 78705
| Owner | UT RED RIVER RESIDENCE LLC |
|---|---|
| Parcel ID | 0215080219 |
| Short ID | 208935 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 17,250 SF |
| Land SF | 21,641 SF |
| Acres | 0.497 |
| Year Built | 1963 |
| Legal | LOT 15&16 LESS W 20.31FT OLT 22 DIV C HANCOCK PARK |
| Neighborhood | 06WC2 |
| Land | $2,164,100 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,164,100 |
| Improvement | $4,908,400 |
|---|---|
| Total Improvement | $4,908,400 |
| Market | $7,072,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,072,500 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,072,500 |
| Taxable Value | $7,072,500 |
|---|
Appreciation: Market value has risen +78.3% from $3,967,500 (2021) to $7,072,500 (2025), a CAGR of 15.5% over 4 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 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 $144,738. 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 31% of market value ($2,164,100 land vs $4,908,400 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~63 yrs), and rent roll drive the underwriting.
Submarket Position: At $7,072,500, 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 +12.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $13,072,969 by 2031, with an estimated annual tax burden around $218,489. 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.
15 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 6,902 SF | ✓ |
| SO | Sketch Only | 6,893 SF | ✗ |
| 3RD | 3rd Floor | 5,902 SF | ✓ |
| 591 | MASONRY TRIM SF | 4,872 SF | ✗ |
| 1ST | 1st Floor | 4,446 SF | ✓ |
| 551 | PAVED AREA | 3,819 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 2,039 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,758 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 1,252 SF | ✗ |
| 601 | POOL COMM'L | 384 SF | ✗ |
| 581C | STORAGE ATT COMM | 224 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 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% | $65,434.77 | $65,434.77 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $37,061.10 | $37,061.10 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $26,581.64 | $26,581.64 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,347.18 | $8,347.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,312.97 | $7,312.97 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $144,737.66 | $144,737.66 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $65,434.77 | 45.2% |
| CAT City of Austin | 0.5240% | $37,061.10 | 25.6% |
| TCO Travis County | 0.3758% | $26,581.64 | 18.4% |
| THD Travis Central Health | 0.1180% | $8,347.18 | 5.8% |
| ACT Austin Community College | 0.1034% | $7,312.97 | 5.1% |
| Total | 2.0465% | $144,737.66 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,201,875 | $7,072,500 | +1.8% |
| Assessed Value | $7,201,875 | $7,072,500 | +1.8% |
| Land Value | $2,164,100 | $2,164,100 | +0.0% |
| Improvement Value | $5,037,775 | $4,908,400 | +2.6% |
| Taxable Value | $7,201,875 | $7,072,500 | +1.8% |
| Total Tax 2026 = estimate |
~$147,385
Estimated
|
~$144,738
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $7,201,875 | $2,164,100 | $5,037,775 | — | $7,201,875 | $7,201,875 | Not yet — post-cert | Preliminary |
| 2025 | $7,072,500 | $2,164,100 | $4,908,400 | — | $7,072,500 | $7,072,500 | ~$144,738 | Partial |
| 2024 | $6,555,000 | $2,164,100 | $4,390,900 | — | $6,555,000 | $6,555,000 | $129,908 | Verified |
| 2023 | $4,398,750 | $2,164,100 | $2,234,650 | — | $4,398,750 | $4,398,750 | $79,584 | Verified |
| 2022 | $3,967,500 | $1,731,280 | $2,236,220 | — | $3,967,500 | $3,967,500 | $78,355 | Verified |
| 2021 | $3,967,500 | $1,731,280 | $2,236,220 | — | $3,967,500 | $3,967,500 | $86,360 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.8% | +1.8% | ~100% | Not available | Partial |
| 2025 | +7.9% | +7.9% | ~100% | Not available | Partial |
| 2024 | +49.0% | +49.0% | ~100% | No billing data | Verified |
| 2023 | +10.9% | +10.9% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +78.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.8% | +13.9% | +12.7% | +49.0% | 2024 | +0.0% | 2022 |
| 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 |
$144,738 | $103,789 | ~$187,913 | $144,738 | 2025 | $78,355 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$8,113,931 | ~$7,922,063 | ~2.0139% | ~$159,545 | +12.7% |
| 2028 | ~$9,141,491 | ~$8,714,269 | ~1.9814% | ~$172,663 | +26.9% |
| 2029 | ~$10,299,183 | ~$9,585,696 | ~1.9488% | ~$186,810 | +43.0% |
| 2030 | ~$11,603,486 | ~$10,544,265 | ~1.9163% | ~$202,059 | +61.1% |
| 2031 | ~$13,072,969 | ~$11,598,692 | ~1.8837% | ~$218,489 | +81.5% |
| 2027 | ~$7,969,893 | ~$7,922,063 | ~2.0465% | ~$162,124 | +10.7% |
| 2028 | ~$8,819,815 | ~$8,714,269 | ~2.0465% | ~$178,336 | +22.5% |
| 2029 | ~$9,760,372 | ~$9,585,696 | ~2.0465% | ~$196,170 | +35.5% |
| 2030 | ~$10,801,233 | ~$10,544,265 | ~2.0465% | ~$215,787 | +50.0% |
| 2031 | ~$11,953,092 | ~$11,598,692 | ~2.0465% | ~$237,365 | +66.0% |
| 2027 | ~$8,257,968 | ~$7,922,063 | ~1.9977% | ~$158,256 | +14.7% |
| 2028 | ~$9,468,929 | ~$8,714,269 | ~1.9488% | ~$169,827 | +31.5% |
| 2029 | ~$10,857,467 | ~$9,585,696 | ~1.9000% | ~$182,130 | +50.8% |
| 2030 | ~$12,449,621 | ~$10,544,265 | ~1.8512% | ~$195,195 | +72.9% |
| 2031 | ~$14,275,252 | ~$11,598,692 | ~1.8024% | ~$209,051 | +98.2% |
In 2025, this property's market value of $7,072,500 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 14× 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 | $7,072,500 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $6,555,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $4,398,750 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $3,967,500 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $3,967,500 | $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 | — |