614 W 51 ST TX 78751
| Owner | SANDERS FAMILY TRUST |
|---|---|
| Parcel ID | 0224070226 |
| Short ID | 223208 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,800 SF |
| Land SF | 8,029 SF |
| Acres | 0.184 |
| Year Built | 1965 |
| Legal | LOT 8 EDGEFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $440,580 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $440,580 |
| Improvement | $260,420 |
|---|---|
| Total Improvement | $260,420 |
| Market | $701,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $701,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $701,000 |
| Taxable Value | $701,000 |
|---|
Appreciation: Market value has risen +16.8% from $600,000 (2021) to $701,000 (2025), a CAGR of 4.0% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $14,346. 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 63% of market value ($440,580 land vs $260,420 improvements), about $55/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $701,000, this parcel sits in the upper-middle (50th–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 +6.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,071,253 by 2031, with an estimated annual tax burden around $20,180. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,800 SF | ✓ |
| 251 | BATHROOM | 4 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% | $6,485.65 | $6,485.65 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,673.36 | $3,673.36 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,634.67 | $2,634.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $827.34 | $827.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $724.83 | $724.83 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,345.85 | $14,345.85 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $6,485.65 | 45.2% |
| CAT City of Austin | 0.5240% | $3,673.36 | 25.6% |
| TCO Travis County | 0.3758% | $2,634.67 | 18.4% |
| THD Travis Central Health | 0.1180% | $827.34 | 5.8% |
| ACT Austin Community College | 0.1034% | $724.83 | 5.1% |
| Total | 2.0465% | $14,345.85 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $801,718 | $701,000 | +14.4% |
| Assessed Value | $801,718 | $701,000 | +14.4% |
| Land Value | $385,508 | $440,580 | -12.5% |
| Improvement Value | $416,210 | $260,420 | +59.8% |
| Taxable Value | $801,718 | $701,000 | +14.4% |
| Total Tax 2026 = estimate |
~$16,407
Estimated
|
~$14,346
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $801,718 | $385,508 | $416,210 | — | $801,718 | $801,718 | Not yet — post-cert | Preliminary |
| 2025 | $701,000 | $440,580 | $260,420 | — | $701,000 | $701,000 | ~$14,346 | Partial |
| 2024 | $775,000 | $495,000 | $280,000 | — | $775,000 | $775,000 | $15,359 | Verified |
| 2023 | $823,813 | $495,000 | $328,813 | — | $823,813 | $823,813 | $14,905 | Verified |
| 2022 | $784,584 | $495,000 | $289,584 | — | $784,584 | $784,584 | $15,495 | Verified |
| 2021 | $600,000 | $302,500 | $297,500 | — | $600,000 | $600,000 | $13,060 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.4% | +14.4% | ~100% | Not available | Partial |
| 2025 | -9.5% | -9.5% | ~100% | Not available | Partial |
| 2024 | -5.9% | -5.9% | ~100% | No billing data | Verified |
| 2023 | +5.0% | +5.0% | ~100% | No billing data | Verified |
| 2022 | +30.8% | +30.8% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +14.4% | +7.0% | +6.0% | +30.8% | 2022 | -9.5% | 2025 |
| 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 |
$14,346 | $14,633 | ~$18,618 | $15,495 | 2022 | $13,060 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$849,563 | ~$849,563 | ~2.0139% | ~$17,110 | +6.0% |
| 2028 | ~$900,264 | ~$900,264 | ~1.9814% | ~$17,838 | +12.3% |
| 2029 | ~$953,990 | ~$953,990 | ~1.9488% | ~$18,592 | +19.0% |
| 2030 | ~$1,010,923 | ~$1,010,923 | ~1.9163% | ~$19,372 | +26.1% |
| 2031 | ~$1,071,253 | ~$1,071,253 | ~1.8837% | ~$20,180 | +33.6% |
| 2027 | ~$833,529 | ~$833,529 | ~2.0465% | ~$17,058 | +4.0% |
| 2028 | ~$866,602 | ~$866,602 | ~2.0465% | ~$17,735 | +8.1% |
| 2029 | ~$900,987 | ~$900,987 | ~2.0465% | ~$18,439 | +12.4% |
| 2030 | ~$936,737 | ~$936,737 | ~2.0465% | ~$19,170 | +16.8% |
| 2031 | ~$973,905 | ~$973,905 | ~2.0465% | ~$19,931 | +21.5% |
| 2027 | ~$865,598 | ~$865,598 | ~1.9977% | ~$17,292 | +8.0% |
| 2028 | ~$934,567 | ~$934,567 | ~1.9488% | ~$18,213 | +16.6% |
| 2029 | ~$1,009,032 | ~$1,009,032 | ~1.9000% | ~$19,172 | +25.9% |
| 2030 | ~$1,089,430 | ~$1,089,430 | ~1.8512% | ~$20,167 | +35.9% |
| 2031 | ~$1,176,234 | ~$1,176,234 | ~1.8024% | ~$21,200 | +46.7% |
In 2025, this property's market value of $701,000 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12570 comparable) — +35% 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 | $701,000 | $438,150 | $519,086 | $747,031 | ↑ Above median | -7.5% |
| 2024 | $775,000 | $467,312 | $564,206 | $847,583 | ↑ Above median | -6.3% |
| 2023 | $823,813 | $503,694 | $616,727 | $918,308 | ↑ Above median | +0.9% |
| 2022 | $784,584 | $506,269 | $614,560 | $904,074 | ↑ Above median | +39.0% |
| 2021 | $600,000 | $353,349 | $436,046 | $657,886 | ↑ Above median | 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 | — |