1607 E RIVERSIDE DR TX 78741
| Owner | RIVERSIDE SUMMIT LLC |
|---|---|
| Parcel ID | 0302060702 |
| Short ID | 283787 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 1,447 SF |
| Land SF | 12,197 SF |
| Acres | 0.280 |
| Year Built | 1965 |
| Legal | ABS 24 DELVALLE S ACR .280 |
| Neighborhood | 20CEN |
| Land | $1,042,844 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,042,844 |
| Improvement | $32,916 |
|---|---|
| Total Improvement | $32,916 |
| Market | $1,075,760 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,075,760 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,075,760 |
| Taxable Value | $1,075,760 |
|---|
| Total Due | $25,317.57 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +65.8% from $648,966 (2021) to $1,075,760 (2025), a CAGR of 13.5% 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 Commercial parcel countywide rose +17.8%, so this parcel has outpaced the broader commercial 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 $22,015. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 97% of market value ($1,042,844 land vs $32,916 improvements), about $86/SF of land. With value concentrated in the land under a ~61-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,075,760, this parcel sits in the lower-middle (25th–50th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). Commercial here is the broad TCAD category — every commercial 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 +10.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,731,902 by 2031, with an estimated annual tax burden around $32,163. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $25,317.57 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 9,000 SF | ✗ |
| 1ST | 1st Floor | 1,447 SF | ✓ |
| 501 | CANOPY | 366 SF | ✗ |
| 273 | COLDSTG VAULT SM | 360 SF | ✓ |
| SO | Sketch Only | 360 SF | ✗ |
| 541 | FENCE COMM LF | 153 SF | ✗ |
| 581C | STORAGE ATT COMM | 100 SF | ✓ |
| 531 | OBS FENCE | 1 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +499 |
| Travis County | 0.3444% | 0.3758% | +338 |
| Austin ISD | 0.9505% | 0.9252% | -272 |
| Travis Central Health | 0.1080% | 0.1180% | +108 |
| Austin Community College | 0.1013% | 0.1034% | +23 |
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% | $9,952.93 | $— | $9,952.93 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,637.17 | $— | $5,637.17 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,043.19 | $— | $4,043.19 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,269.64 | $— | $1,269.64 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,112.34 | $— | $1,112.34 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,015.27 | $0.00 | $22,015.27 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $9,952.93 | 45.2% |
| CAT City of Austin | 0.5240% | $5,637.17 | 25.6% |
| TCO Travis County | 0.3758% | $4,043.19 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,269.64 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,112.34 | 5.1% |
| Total | 2.0465% | $22,015.27 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,060,163 | $1,075,760 | -1.4% |
| Assessed Value | $1,060,163 | $1,075,760 | -1.4% |
| Land Value | $1,042,844 | $1,042,844 | +0.0% |
| Improvement Value | $17,319 | $32,916 | -47.4% |
| Taxable Value | $1,060,163 | $1,075,760 | -1.4% |
| Total Tax 2026 = estimate |
~$21,696
Estimated
|
$22,015 | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,060,163 | $1,042,844 | $17,319 | — | $1,060,163 | $1,060,163 | Not yet — post-cert | Preliminary |
| 2025 | $1,075,760 | $1,042,844 | $32,916 | — | $1,075,760 | $1,075,760 | $22,015 | Verified |
| 2024 | $1,108,004 | $1,042,844 | $65,160 | −$206,211 | $901,793 | $901,793 | $17,872 | Verified |
| 2023 | $751,494 | $548,865 | $202,629 | — | $751,494 | $751,494 | $13,596 | Verified |
| 2022 | $712,219 | $548,865 | $163,354 | — | $712,219 | $712,219 | $14,066 | Verified |
| 2021 | $648,966 | $548,865 | $100,101 | — | $648,966 | $648,966 | $14,126 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.4% | -1.4% | ~100% | Not available | Partial |
| 2025 | -2.9% | +19.3% | ~100% | 2.0500% | Verified |
| 2024 | +47.4% | +20.0% | 81.4% | No billing data | Verified |
| 2023 | +5.5% | +5.5% | ~100% | No billing data | Verified |
| 2022 | +9.7% | +9.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +65.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.4% | +11.7% | +10.3% | +47.4% | 2024 | -2.9% | 2025 |
| Assessment Ratio | 100.0% | 96.9% | — | 100.0% | 2021 | 81.4% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $22,015 | $16,335 | ~$27,662 | $22,015 | 2025 | $13,596 | 2023 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,169,507 | ~$1,166,179 | ~2.0139% | ~$23,486 | +10.3% |
| 2028 | ~$1,290,128 | ~$1,282,797 | ~1.9814% | ~$25,417 | +21.7% |
| 2029 | ~$1,423,191 | ~$1,411,077 | ~1.9488% | ~$27,500 | +34.2% |
| 2030 | ~$1,569,977 | ~$1,552,185 | ~1.9163% | ~$29,744 | +48.1% |
| 2031 | ~$1,731,902 | ~$1,707,403 | ~1.8837% | ~$32,163 | +63.4% |
| 2027 | ~$1,148,304 | ~$1,148,304 | ~2.0465% | ~$23,500 | +8.3% |
| 2028 | ~$1,243,772 | ~$1,243,772 | ~2.0465% | ~$25,454 | +17.3% |
| 2029 | ~$1,347,178 | ~$1,347,178 | ~2.0465% | ~$27,570 | +27.1% |
| 2030 | ~$1,459,180 | ~$1,459,180 | ~2.0465% | ~$29,862 | +37.6% |
| 2031 | ~$1,580,495 | ~$1,580,495 | ~2.0465% | ~$32,345 | +49.1% |
| 2027 | ~$1,190,710 | ~$1,166,179 | ~1.9977% | ~$23,296 | +12.3% |
| 2028 | ~$1,337,333 | ~$1,282,797 | ~1.9488% | ~$25,000 | +26.1% |
| 2029 | ~$1,502,010 | ~$1,411,077 | ~1.9000% | ~$26,811 | +41.7% |
| 2030 | ~$1,686,966 | ~$1,552,185 | ~1.8512% | ~$28,734 | +59.1% |
| 2031 | ~$1,894,697 | ~$1,707,403 | ~1.8024% | ~$30,774 | +78.7% |
In 2025, this property's market value of $1,075,760 places it in the 25th–50th percentile for Commercial properties in Travis County (13595 comparable) — -22% below the county median of $1,382,921. Commercial here is the broad TCAD category — every commercial 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 | $1,075,760 | $632,506 | $1,382,921 | $3,258,143 | ↓ Below median | -0.8% |
| 2024 | $1,108,004 | $647,500 | $1,401,787 | $3,362,090 | ↓ Below median | +0.0% |
| 2023 | $751,494 | $651,680 | $1,383,015 | $3,277,245 | ↓ Below median | +9.7% |
| 2022 | $712,219 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $648,966 | $538,645 | $1,173,514 | $2,782,974 | ↓ Below 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 | Verified |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| TaxDelqOpenData ↗ | Delinquent-account status and balance due | As of June 20, 2026 — balance grows monthly (Tax Code §33.01) | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |