616 W 35 ST TX 78705
| Owner | SHARMA SANJEEV & |
|---|---|
| Parcel ID | 0218031002 |
| Short ID | 212597 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,232 SF |
| Land SF | 8,913 SF |
| Acres | 0.205 |
| Year Built | 2003 |
| Legal | LOT 3 & W23FT OF LOT 4 BLK 5 OLT 75-76 DIV D GYPSY GROVE |
| Neighborhood | Z40005 |
| Land | $625,429 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $625,429 |
| Improvement | $775,336 |
|---|---|
| Total Improvement | $775,336 |
| Market | $1,400,765 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,400,765 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,400,765 |
| Taxable Value | $1,400,765 |
|---|
Appreciation: Market value has risen +33.2% from $1,051,782 (2021) to $1,400,765 (2025), a CAGR of 7.4% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 $28,666. 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 45% of market value ($625,429 land vs $775,336 improvements), about $70/SF of land. Most value sits in the improvements, so building condition, age (~23 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,400,765, 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 +8.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,278,507 by 2031, with an estimated annual tax burden around $42,921. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,232 SF | ✗ |
| 2ND | 2nd Floor | 2,650 SF | ✓ |
| 1ST | 1st Floor | 1,582 SF | ✓ |
| 061 | CARPORT ATT 1ST | 800 SF | ✗ |
| 512 | DECK UNCOVRED | 400 SF | ✗ |
| 581 | STORAGE ATT | 268 SF | ✓ |
| 251 | BATHROOM | 7 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% | $12,959.88 | $12,959.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,340.25 | $7,340.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,264.71 | $5,264.71 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,653.22 | $1,653.22 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,448.39 | $1,448.39 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,666.45 | $28,666.45 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $12,959.88 | 45.2% |
| CAT City of Austin | 0.5240% | $7,340.25 | 25.6% |
| TCO Travis County | 0.3758% | $5,264.71 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,653.22 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,448.39 | 5.1% |
| Total | 2.0465% | $28,666.45 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,548,061 | $1,400,765 | +10.5% |
| Assessed Value | $1,548,061 | $1,400,765 | +10.5% |
| Land Value | $625,429 | $625,429 | +0.0% |
| Improvement Value | $922,632 | $775,336 | +19.0% |
| Taxable Value | $1,548,061 | $1,400,765 | +10.5% |
| Total Tax 2026 = estimate |
~$31,681
Estimated
|
~$28,666
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,548,061 | $625,429 | $922,632 | — | $1,548,061 | $1,548,061 | Not yet — post-cert | Preliminary |
| 2025 | $1,400,765 | $625,429 | $775,336 | — | $1,400,765 | $1,400,765 | ~$28,666 | Partial |
| 2024 | $1,495,936 | $660,000 | $835,936 | — | $1,495,936 | $1,495,936 | $29,647 | Verified |
| 2023 | $1,754,420 | $660,000 | $1,094,420 | — | $1,754,420 | $1,754,420 | $31,742 | Verified |
| 2022 | $1,961,973 | $660,000 | $1,301,973 | — | $1,961,973 | $1,961,973 | $38,747 | Verified |
| 2021 | $1,051,782 | $429,000 | $622,782 | — | $1,051,782 | $1,051,782 | $22,894 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.5% | +10.5% | ~100% | Not available | Partial |
| 2025 | -6.4% | -6.4% | ~100% | Not available | Partial |
| 2024 | -14.7% | -14.7% | ~100% | No billing data | Verified |
| 2023 | -10.6% | -10.6% | ~100% | No billing data | Verified |
| 2022 | +86.5% ! | +86.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +33.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.5% | +13.1% | +8.0% | +86.5% | 2022 | -14.7% | 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 |
$28,666 | $30,339 | ~$38,173 | $38,747 | 2022 | $22,894 | 2021 |
Market value changed by 87% 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 | ~$1,672,478 | ~$1,672,478 | ~2.0139% | ~$33,683 | +8.0% |
| 2028 | ~$1,806,895 | ~$1,806,895 | ~1.9814% | ~$35,802 | +16.7% |
| 2029 | ~$1,952,115 | ~$1,952,115 | ~1.9488% | ~$38,044 | +26.1% |
| 2030 | ~$2,109,007 | ~$2,109,007 | ~1.9163% | ~$40,415 | +36.2% |
| 2031 | ~$2,278,507 | ~$2,278,507 | ~1.8837% | ~$42,921 | +47.2% |
| 2027 | ~$1,641,517 | ~$1,641,517 | ~2.0465% | ~$33,593 | +6.0% |
| 2028 | ~$1,740,615 | ~$1,740,615 | ~2.0465% | ~$35,621 | +12.4% |
| 2029 | ~$1,845,696 | ~$1,845,696 | ~2.0465% | ~$37,772 | +19.2% |
| 2030 | ~$1,957,121 | ~$1,957,121 | ~2.0465% | ~$40,052 | +26.4% |
| 2031 | ~$2,075,272 | ~$2,075,272 | ~2.0465% | ~$42,470 | +34.1% |
| 2027 | ~$1,703,440 | ~$1,702,867 | ~1.9977% | ~$34,018 | +10.0% |
| 2028 | ~$1,874,414 | ~$1,873,154 | ~1.9488% | ~$36,505 | +21.1% |
| 2029 | ~$2,062,548 | ~$2,060,469 | ~1.9000% | ~$39,149 | +33.2% |
| 2030 | ~$2,269,566 | ~$2,266,516 | ~1.8512% | ~$41,958 | +46.6% |
| 2031 | ~$2,497,362 | ~$2,493,168 | ~1.8024% | ~$44,936 | +61.3% |
In 2025, this property's market value of $1,400,765 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +170% 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 | $1,400,765 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,495,936 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,754,420 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,961,973 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,051,782 | $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 | — |