1919 E RIVERSIDE DR TX 78741
| Owner | ARS APARTMENTS LLC |
|---|---|
| Parcel ID | 0304070207 |
| Short ID | 285453 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 264,897 SF |
| Land SF | 110,429 SF |
| Acres | 2.535 |
| Year Built | 2023 |
| Legal | 2.5351 AC OF LOT 10 BLK B COLORADO HILLS ESTATES SEC 5 PLUS 7216 SQ FT ADJ VAC ST |
| Neighborhood | 08SE |
| Land | $7,730,027 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,730,027 |
| Improvement | $70,269,973 |
|---|---|
| Total Improvement | $70,269,973 |
| Market | $78,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $78,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $78,000,000 |
| Taxable Value | $78,000,000 |
|---|
Appreciation: Market value has risen +514.2% from $12,698,503 (2021) to $78,000,000 (2025), a CAGR of 57.4% 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 $1,596,258. 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 10% of market value ($7,730,027 land vs $70,269,973 improvements), about $70/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $78,000,000, 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 +41.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $405,584,025 by 2031, with an estimated annual tax burden around $2,177,217. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 264,897 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% | $693,900.00 | $693,900.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $393,012.75 | $393,012.75 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $281,883.75 | $281,883.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $88,517.25 | $88,517.25 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $77,550.00 | $77,550.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,534,863.75 | $1,534,863.75 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $693,900.00 | 45.2% |
| CAT City of Austin | 0.5240% | $393,012.75 | 25.6% |
| TCO Travis County | 0.3758% | $281,883.75 | 18.4% |
| THD Travis Central Health | 0.1180% | $88,517.25 | 5.8% |
| ACT Austin Community College | 0.1034% | $77,550.00 | 5.1% |
| Total | 2.0465% | $1,534,863.75 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $71,765,660 | $78,000,000 | -8.0% |
| Assessed Value | $71,765,660 | $78,000,000 | -8.0% |
| Land Value | $7,730,027 | $7,730,027 | +0.0% |
| Improvement Value | $64,035,633 | $70,269,973 | -8.9% |
| Taxable Value | $71,765,660 | $78,000,000 | -8.0% |
| Total Tax 2026 = estimate |
~$1,468,673
Estimated
|
~$1,534,864
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $71,765,660 | $7,730,027 | $64,035,633 | — | $71,765,660 | $71,765,660 | Not yet — post-cert | Preliminary |
| 2025 | $78,000,000 | $7,730,027 | $70,269,973 | — | $78,000,000 | $78,000,000 | ~$1,534,864 | Partial |
| 2024 | $84,000,000 | $7,730,027 | $76,269,973 | — | $84,000,000 | $84,000,000 | $1,622,036 | Verified |
| 2023 | $60,300,000 | $5,521,448 | $54,778,552 | — | $60,300,000 | $60,300,000 | $1,090,976 | Verified |
| 2022 | $31,837,315 | $5,521,448 | $26,315,867 | — | $31,837,315 | $31,837,315 | $628,762 | Verified |
| 2021 | $12,698,503 | $5,521,448 | $7,177,055 | — | $12,698,503 | $12,698,503 | $276,406 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.0% | -8.0% | ~100% | Not available | Partial |
| 2025 | -7.1% | -7.1% | ~100% | Not available | Partial |
| 2024 | +39.3% | +39.3% | ~100% | No billing data | Verified |
| 2023 | +89.4% ! | +89.4% | ~100% | No billing data | Verified |
| 2022 | +150.7% ! | +150.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +514.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.0% | +52.9% | +41.4% | +150.7% | 2022 | -8.0% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9700% | 1.9700% | — | 1.9700% | 2025 | 1.9700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,534,864 | $1,030,609 | ~$1,872,530 | $1,622,036 | 2024 | $276,406 | 2021 |
Market value changed by 151% 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 | ~$101,472,770 | ~$78,942,226 | ~2.0139% | ~$1,589,846 | +41.4% |
| 2028 | ~$143,477,019 | ~$86,836,449 | ~1.9814% | ~$1,720,567 | +99.9% |
| 2029 | ~$202,868,761 | ~$95,520,093 | ~1.9488% | ~$1,861,533 | +182.7% |
| 2030 | ~$286,845,479 | ~$105,072,103 | ~1.9163% | ~$2,013,487 | +299.7% |
| 2031 | ~$405,584,025 | ~$115,579,313 | ~1.8837% | ~$2,177,217 | +465.2% |
| 2027 | ~$100,037,457 | ~$78,942,226 | ~2.0465% | ~$1,615,541 | +39.4% |
| 2028 | ~$139,446,815 | ~$86,836,449 | ~2.0465% | ~$1,777,095 | +94.3% |
| 2029 | ~$194,381,333 | ~$95,520,093 | ~2.0465% | ~$1,954,804 | +170.9% |
| 2030 | ~$270,957,087 | ~$105,072,103 | ~2.0465% | ~$2,150,285 | +277.6% |
| 2031 | ~$377,699,555 | ~$115,579,313 | ~2.0465% | ~$2,365,313 | +426.3% |
| 2027 | ~$102,908,083 | ~$78,942,226 | ~1.9977% | ~$1,576,999 | +43.4% |
| 2028 | ~$147,564,636 | ~$86,836,449 | ~1.9488% | ~$1,692,303 | +105.6% |
| 2029 | ~$211,599,724 | ~$95,520,093 | ~1.9000% | ~$1,814,898 | +194.8% |
| 2030 | ~$303,422,583 | ~$105,072,103 | ~1.8512% | ~$1,945,088 | +322.8% |
| 2031 | ~$435,091,607 | ~$115,579,313 | ~1.8024% | ~$2,083,168 | +506.3% |
In 2025, this property's market value of $78,000,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 150× 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 | $78,000,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $84,000,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $60,300,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $31,837,315 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $12,698,503 | $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 | — |