1404 E 51 ST TX 78723
| Owner | OUR LADY'S MARONITE CATHOLIC CHURCH - |
|---|---|
| Parcel ID | 0220140207 |
| Short ID | 216540 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 41,556 SF |
| Acres | 0.954 |
| Year Built | — |
| Legal | E102.5FT OF LOT 10 RIDGETOP GARDENS |
| Neighborhood | _DEXMP |
| Land | $3,324,499 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,324,499 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $3,324,499 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,324,499 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,324,499 |
| Taxable Value | $3,324,499 |
|---|
Appreciation: Market value has risen +77.8% from $1,870,031 (2021) to $3,324,499 (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 (2022→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +283.7%, so this parcel has lagged the broader land/vacant market over the same period.
Asset Class: Land / Vacant. 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 ($3,324,499 land vs $0 improvements), about $80/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 $3,324,499, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $84,423 (P25 $24,862 / P75 $362,804, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +12.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $5,910,219 by 2031, with an estimated annual tax burden around $0. 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.
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,324,499 | $3,324,499 | +0.0% |
| Assessed Value | $3,324,499 | $3,324,499 | +0.0% |
| Land Value | $3,324,499 | $3,324,499 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,324,499 | $3,324,499 | — | — | $3,324,499 | $— | Not yet — post-cert | Preliminary |
| 2025 | $3,324,499 | $3,324,499 | — | — | $3,324,499 | $— | not in county billing file Why? | Partial |
| 2024 | $3,324,499 | $3,324,499 | — | — | $3,324,499 | $— | not in county billing file Why? | Partial |
| 2023 | $3,324,499 | $3,324,499 | — | — | $3,324,499 | $— | not in county billing file Why? | Partial |
| 2022 | $2,077,812 | $2,077,812 | — | — | $2,077,812 | $2,077,812 | not in county billing file Why? | Partial |
| 2021 | $1,870,031 | $1,870,031 | — | — | $1,870,031 | $1,870,031 | $1,960 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +60.0% | +60.0% | ~100% | No billing data | Verified |
| 2022 | +11.1% | +11.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +77.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +14.2% | +12.2% | +60.0% | 2023 | +0.0% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $1,960 | $1,960 | — | $1,960 | 2021 | $1,960 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$3,729,939 | ~$3,729,939 | ~0.0000% | ~$0 | +12.2% |
| 2028 | ~$4,184,824 | ~$4,184,824 | ~0.0000% | ~$0 | +25.9% |
| 2029 | ~$4,695,184 | ~$4,695,184 | ~0.0000% | ~$0 | +41.2% |
| 2030 | ~$5,267,786 | ~$5,267,786 | ~0.0000% | ~$0 | +58.5% |
| 2031 | ~$5,910,219 | ~$5,910,219 | ~0.0000% | ~$0 | +77.8% |
| 2027 | ~$3,663,449 | ~$3,663,449 | ~0.0000% | ~$0 | +10.2% |
| 2028 | ~$4,036,956 | ~$4,036,956 | ~0.0000% | ~$0 | +21.4% |
| 2029 | ~$4,448,544 | ~$4,448,544 | ~0.0000% | ~$0 | +33.8% |
| 2030 | ~$4,902,096 | ~$4,902,096 | ~0.0000% | ~$0 | +47.5% |
| 2031 | ~$5,401,890 | ~$5,401,890 | ~0.0000% | ~$0 | +62.5% |
| 2027 | ~$3,796,429 | ~$3,796,429 | ~0.0000% | ~$0 | +14.2% |
| 2028 | ~$4,335,351 | ~$4,335,351 | ~0.0000% | ~$0 | +30.4% |
| 2029 | ~$4,950,776 | ~$4,950,776 | ~0.0000% | ~$0 | +48.9% |
| 2030 | ~$5,653,564 | ~$5,653,564 | ~0.0000% | ~$0 | +70.1% |
| 2031 | ~$6,456,117 | ~$6,456,117 | ~0.0000% | ~$0 | +94.2% |
In 2025, this property's market value of $3,324,499 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 39× the county median of $84,423. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $3,324,499 | $24,862 | $84,423 | $362,804 | ↑ Top 25% | +2.1% |
| 2024 | $3,324,499 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $3,324,499 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $2,077,812 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $1,870,031 | $8,000 | $22,000 | $81,900 | ↑ 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 |
| 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 | — |