1605 W 39 1/2 ST TX 78756
| Owner | SPEARHEAD 39TH STREET LLC |
|---|---|
| Parcel ID | 0221010107 |
| Short ID | 217472 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 9,734 SF |
| Land SF | 15,743 SF |
| Acres | 0.361 |
| Year Built | 1973 |
| Legal | LOT 2 GOLDMAN CHARLES SUBD |
| Neighborhood | 05WC3 |
| Land | $1,023,295 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,023,295 |
| Improvement | $2,091,585 |
|---|---|
| Total Improvement | $2,091,585 |
| Market | $3,114,880 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,114,880 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,114,880 |
| Taxable Value | $3,114,880 |
|---|
Appreciation: Market value has risen +37.5% from $2,265,589 (2021) to $3,114,880 (2025), a CAGR of 8.3% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $63,746. 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 33% of market value ($1,023,295 land vs $2,091,585 improvements), about $65/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,114,880, 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 +6.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $4,282,541 by 2031, with an estimated annual tax burden around $80,672. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,200 SF | ✗ |
| 2ND | 2nd Floor | 4,905 SF | ✓ |
| 1ST | 1st Floor | 4,829 SF | ✓ |
| SO | Sketch Only | 1,632 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 904 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 776 SF | ✗ |
| 581C | STORAGE ATT COMM | 28 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $28,818.87 | $28,818.87 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,322.50 | $16,322.50 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,707.12 | $11,707.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,676.27 | $3,676.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,220.79 | $3,220.79 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $63,745.55 | $63,745.55 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $28,818.87 | 45.2% |
| CAT City of Austin | 0.5240% | $16,322.50 | 25.6% |
| TCO Travis County | 0.3758% | $11,707.12 | 18.4% |
| THD Travis Central Health | 0.1180% | $3,676.27 | 5.8% |
| ACT Austin Community College | 0.1034% | $3,220.79 | 5.1% |
| Total | 2.0465% | $63,745.55 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,114,880 | $3,114,880 | +0.0% |
| Assessed Value | $3,114,880 | $3,114,880 | +0.0% |
| Land Value | $1,023,295 | $1,023,295 | +0.0% |
| Improvement Value | $2,091,585 | $2,091,585 | +0.0% |
| Taxable Value | $3,114,880 | $3,114,880 | +0.0% |
| Total Tax 2026 = estimate |
~$63,746
Estimated
|
~$63,746
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,114,880 | $1,023,295 | $2,091,585 | — | $3,114,880 | $3,114,880 | Not yet — post-cert | Preliminary |
| 2025 | $3,114,880 | $1,023,295 | $2,091,585 | — | $3,114,880 | $3,114,880 | ~$63,746 | Partial |
| 2024 | $2,822,860 | $1,023,295 | $1,799,565 | — | $2,822,860 | $2,822,860 | $55,944 | Verified |
| 2023 | $2,628,180 | $1,023,295 | $1,604,885 | — | $2,628,180 | $2,628,180 | $47,550 | Verified |
| 2022 | $2,433,500 | $1,023,295 | $1,410,205 | — | $2,433,500 | $2,433,500 | $48,060 | Verified |
| 2021 | $2,265,589 | $1,023,295 | $1,242,294 | — | $2,265,589 | $2,265,589 | $49,315 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +10.3% | +10.3% | ~100% | Not available | Partial |
| 2024 | +7.4% | +7.4% | ~100% | No billing data | Verified |
| 2023 | +8.0% | +8.0% | ~100% | No billing data | Verified |
| 2022 | +7.4% | +7.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +37.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +6.6% | +6.6% | +10.3% | 2025 | +0.0% | 2026 |
| 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 |
$63,746 | $52,923 | ~$73,623 | $63,746 | 2025 | $47,550 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$3,319,658 | ~$3,319,658 | ~2.0139% | ~$66,856 | +6.6% |
| 2028 | ~$3,537,899 | ~$3,537,899 | ~1.9814% | ~$70,100 | +13.6% |
| 2029 | ~$3,770,487 | ~$3,770,487 | ~1.9488% | ~$73,481 | +21.0% |
| 2030 | ~$4,018,366 | ~$4,018,366 | ~1.9163% | ~$77,004 | +29.0% |
| 2031 | ~$4,282,541 | ~$4,282,541 | ~1.8837% | ~$80,672 | +37.5% |
| 2027 | ~$3,257,361 | ~$3,257,361 | ~2.0465% | ~$66,661 | +4.6% |
| 2028 | ~$3,406,358 | ~$3,406,358 | ~2.0465% | ~$69,711 | +9.4% |
| 2029 | ~$3,562,172 | ~$3,562,172 | ~2.0465% | ~$72,899 | +14.4% |
| 2030 | ~$3,725,112 | ~$3,725,112 | ~2.0465% | ~$76,234 | +19.6% |
| 2031 | ~$3,895,506 | ~$3,895,506 | ~2.0465% | ~$79,721 | +25.1% |
| 2027 | ~$3,381,956 | ~$3,381,956 | ~1.9977% | ~$67,560 | +8.6% |
| 2028 | ~$3,671,931 | ~$3,671,931 | ~1.9488% | ~$71,560 | +17.9% |
| 2029 | ~$3,986,769 | ~$3,986,769 | ~1.9000% | ~$75,749 | +28.0% |
| 2030 | ~$4,328,602 | ~$4,328,602 | ~1.8512% | ~$80,131 | +39.0% |
| 2031 | ~$4,699,745 | ~$4,699,745 | ~1.8024% | ~$84,707 | +50.9% |
In 2025, this property's market value of $3,114,880 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 6× 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 | $3,114,880 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $2,822,860 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $2,628,180 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $2,433,500 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $2,265,589 | $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 | — |