4700 E RIVERSIDE DR TX 78741
| Owner | NRE EDGE LLC |
|---|---|
| Parcel ID | 0307110121 |
| Short ID | 287922 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 268,440 SF |
| Land SF | 944,773 SF |
| Acres | 21.689 |
| Year Built | 1997 |
| Legal | LOT 1-4 BLK B PARKE GREEN SUBD |
| Neighborhood | 08SH |
| Land | $38,263,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $38,263,300 |
| Improvement | $11,086,700 |
|---|---|
| Total Improvement | $11,086,700 |
| Market | $49,350,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $49,350,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $49,350,000 |
| Taxable Value | $49,350,000 |
|---|
Appreciation: Market value has fallen -36.5% from $77,771,840 (2021) to $49,350,000 (2025), a CAGR of -10.7% over 4 years. Growth has been relatively flat for this asset class. 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 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 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,021,636. Del Valle ISD is the largest single contributor, at 45.8% 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 78% of market value ($38,263,300 land vs $11,086,700 improvements), about $40/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 $49,350,000, 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 -10.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $25,325,161 by 2031, with an estimated annual tax burden around $446,151. 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.
27 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 269,450 SF | ✗ |
| 491 | SPRINKLER HEADS | 268,440 SF | ✗ |
| SO | Sketch Only | 168,711 SF | ✗ |
| 1ST | 1st Floor | 94,369 SF | ✓ |
| 2ND | 2nd Floor | 89,170 SF | ✓ |
| 3RD | 3rd Floor | 84,901 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 19,513 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 18,070 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 18,070 SF | ✗ |
| 591 | MASONRY TRIM SF | 12,500 SF | ✗ |
| 611 | TERRACE | 9,578 SF | ✗ |
| 412 | TENNIS COURT | 7,200 SF | ✗ |
| 601 | POOL COMM'L | 1,878 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 1,620 SF | ✗ |
| 571C | STORAGE DET COMM | 500 SF | ✓ |
| 581C | STORAGE ATT COMM | 144 SF | ✓ |
| 482 | LIGHT POLES | 34 SF | ✓ |
| MISC | Miscellaneous | 5 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 182 | SINK AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 212 | URINAL AVG | 1 SF | ✓ |
| 222 | FOUNTAIN WTR AVG | 1 SF | ✓ |
| 549 | FENCE COMM FV | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $427,005.00 | $427,005.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $235,807.65 | $235,807.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $169,130.25 | $169,130.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $53,110.35 | $53,110.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $46,530.00 | $46,530.00 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $931,583.25 | $931,583.25 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IDV Del Valle ISD | 0.9489% | $427,005.00 | 45.8% |
| CAT City of Austin | 0.5240% | $235,807.65 | 25.3% |
| TCO Travis County | 0.3758% | $169,130.25 | 18.2% |
| THD Travis Central Health | 0.1180% | $53,110.35 | 5.7% |
| ACT Austin Community College | 0.1034% | $46,530.00 | 5.0% |
| Total | 2.0702% | $931,583.25 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $44,380,000 | $49,350,000 | -10.1% |
| Assessed Value | $44,380,000 | $49,350,000 | -10.1% |
| Land Value | $38,263,300 | $38,263,300 | +0.0% |
| Improvement Value | $6,116,700 | $11,086,700 | -44.8% |
| Taxable Value | $44,380,000 | $49,350,000 | -10.1% |
| Total Tax 2026 = estimate |
~$918,748
Estimated
|
~$931,583
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $44,380,000 | $38,263,300 | $6,116,700 | — | $44,380,000 | $44,380,000 | Not yet — post-cert | Preliminary |
| 2025 | $49,350,000 | $38,263,300 | $11,086,700 | — | $49,350,000 | $49,350,000 | ~$931,583 | Partial |
| 2024 | $42,230,936 | $38,263,300 | $3,967,636 | — | $42,230,936 | $42,230,936 | $827,034 | Verified |
| 2023 | $42,388,119 | $38,263,300 | $4,124,819 | — | $42,388,119 | $42,388,119 | $750,511 | Verified |
| 2022 | $76,000,000 | $65,218,206 | $10,781,794 | — | $76,000,000 | $76,000,000 | $1,643,821 | Verified |
| 2021 | $77,771,840 | $65,218,208 | $12,553,632 | — | $77,771,840 | $77,771,840 | $1,801,957 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.1% | -10.1% | ~100% | Not available | Partial |
| 2025 | +16.9% | +16.9% | ~100% | Not available | Partial |
| 2024 | -0.4% | -0.4% | ~100% | No billing data | Verified |
| 2023 | -44.2% | -44.2% | ~100% | No billing data | Verified |
| 2022 | -2.3% | -2.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -36.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.1% | -8.0% | -10.6% | +16.9% | 2025 | -44.2% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.8900% | 1.8900% | — | 1.8900% | 2025 | 1.8900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$931,583 | $1,190,981 | ~$609,468 | $1,801,957 | 2021 | $750,511 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$39,669,825 | ~$39,669,825 | ~2.0085% | ~$796,763 | -10.6% |
| 2028 | ~$35,459,554 | ~$35,459,554 | ~1.9468% | ~$690,322 | -20.1% |
| 2029 | ~$31,696,131 | ~$31,696,131 | ~1.8851% | ~$597,500 | -28.6% |
| 2030 | ~$28,332,131 | ~$28,332,131 | ~1.8234% | ~$516,606 | -36.2% |
| 2031 | ~$25,325,161 | ~$25,325,161 | ~1.7617% | ~$446,151 | -42.9% |
| 2027 | ~$42,161,000 | ~$42,161,000 | ~2.0702% | ~$872,811 | -5.0% |
| 2028 | ~$40,052,950 | ~$40,052,950 | ~2.0702% | ~$829,170 | -9.8% |
| 2029 | ~$38,050,302 | ~$38,050,302 | ~2.0702% | ~$787,712 | -14.3% |
| 2030 | ~$36,147,787 | ~$36,147,787 | ~2.0702% | ~$748,326 | -18.5% |
| 2031 | ~$34,340,398 | ~$34,340,398 | ~2.0702% | ~$710,910 | -22.6% |
| 2027 | ~$40,557,425 | ~$40,557,425 | ~1.9776% | ~$802,079 | -8.6% |
| 2028 | ~$37,064,099 | ~$37,064,099 | ~1.8851% | ~$698,691 | -16.5% |
| 2029 | ~$33,871,663 | ~$33,871,663 | ~1.7925% | ~$607,164 | -23.7% |
| 2030 | ~$30,954,201 | ~$30,954,201 | ~1.7000% | ~$526,220 | -30.3% |
| 2031 | ~$28,288,028 | ~$28,288,028 | ~1.6074% | ~$454,715 | -36.3% |
In 2025, this property's market value of $49,350,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 95× 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 | $49,350,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $42,230,936 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $42,388,119 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $76,000,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $77,771,840 | $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 | — |