602 W OLTORF ST TX 78704
| Owner | SERENDIPITY PROPERTIES INC |
|---|---|
| Parcel ID | 0402030919 |
| Short ID | 303798 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 3,150 SF |
| Land SF | 5,300 SF |
| Acres | 0.122 |
| Year Built | 1950 |
| Legal | LOT 7 LESS S 650SQ FT BLK B LOMA LINDA |
| Neighborhood | 83CEN |
| Land | $530,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $530,000 |
| Improvement | $88,930 |
|---|---|
| Total Improvement | $88,930 |
| Market | $618,930 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $618,930 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $618,930 |
| Taxable Value | $618,930 |
|---|
| Total Due | $14,566.26 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +46.7% from $421,932 (2021) to $618,930 (2025), a CAGR of 10.1% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $12,666. 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 86% of market value ($530,000 land vs $88,930 improvements), about $100/SF of land. With value concentrated in the land under a ~76-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 $618,930, this parcel sits in the bottom quartile (<25th 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 +10.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,093,125 by 2031, with an estimated annual tax burden around $20,592. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $14,566.26 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,150 SF | ✓ |
| SO | Sketch Only | 1,080 SF | ✗ |
| 093 | HVAC COMMRCL SF | 1,080 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +287 |
| Travis County | 0.3444% | 0.3758% | +194 |
| Austin ISD | 0.9505% | 0.9252% | -157 |
| Travis Central Health | 0.1080% | 0.1180% | +62 |
| Austin Community College | 0.1013% | 0.1034% | +13 |
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% | $5,726.34 | $— | $5,726.34 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,243.30 | $— | $3,243.30 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,326.22 | $— | $2,326.22 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $730.48 | $— | $730.48 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $639.97 | $— | $639.97 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,666.31 | $0.00 | $12,666.31 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $5,726.34 | 45.2% |
| CAT City of Austin | 0.5240% | $3,243.30 | 25.6% |
| TCO Travis County | 0.3758% | $2,326.22 | 18.4% |
| THD Travis Central Health | 0.1180% | $730.48 | 5.8% |
| ACT Austin Community College | 0.1034% | $639.97 | 5.1% |
| Total | 2.0465% | $12,666.31 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $679,135 | $618,930 | +9.7% |
| Assessed Value | $679,135 | $618,930 | +9.7% |
| Land Value | $530,000 | $530,000 | +0.0% |
| Improvement Value | $149,135 | $88,930 | +67.7% |
| Taxable Value | $679,135 | $618,930 | +9.7% |
| Total Tax 2026 = estimate |
~$13,898
Estimated
|
$12,666 | ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $679,135 | $530,000 | $149,135 | — | $679,135 | $679,135 | Not yet — post-cert | Preliminary |
| 2025 | $618,930 | $530,000 | $88,930 | — | $618,930 | $618,930 | $12,666 | Verified |
| 2024 | $616,844 | $530,000 | $86,844 | — | $616,844 | $616,844 | $12,225 | Verified |
| 2023 | $623,340 | $530,000 | $93,340 | — | $623,340 | $623,340 | $11,278 | Verified |
| 2022 | $450,451 | $371,000 | $79,451 | — | $450,451 | $450,451 | $8,165 | Verified |
| 2021 | $421,932 | $371,000 | $50,932 | — | $421,932 | $421,932 | $9,184 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.7% | +9.7% | ~100% | Not available | Partial |
| 2025 | +0.3% | +0.3% | ~100% | 2.0500% | Verified |
| 2024 | -1.0% | -1.0% | ~100% | No billing data | Verified |
| 2023 | +38.4% | +38.4% | ~100% | No billing data | Verified |
| 2022 | +6.8% | +6.8% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +46.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.7% | +10.8% | +10.0% | +38.4% | 2023 | -1.0% | 2024 |
| 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 | $12,666 | $10,704 | ~$17,714 | $12,666 | 2025 | $8,165 | 2022 |
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 | ~$746,963 | ~$746,963 | ~2.0139% | ~$15,043 | +10.0% |
| 2028 | ~$821,564 | ~$821,564 | ~1.9814% | ~$16,278 | +21.0% |
| 2029 | ~$903,617 | ~$903,617 | ~1.9488% | ~$17,610 | +33.1% |
| 2030 | ~$993,864 | ~$993,864 | ~1.9163% | ~$19,045 | +46.3% |
| 2031 | ~$1,093,125 | ~$1,093,125 | ~1.8837% | ~$20,592 | +61.0% |
| 2027 | ~$733,380 | ~$733,380 | ~2.0465% | ~$15,009 | +8.0% |
| 2028 | ~$791,957 | ~$791,957 | ~2.0465% | ~$16,207 | +16.6% |
| 2029 | ~$855,214 | ~$855,214 | ~2.0465% | ~$17,502 | +25.9% |
| 2030 | ~$923,523 | ~$923,523 | ~2.0465% | ~$18,900 | +36.0% |
| 2031 | ~$997,288 | ~$997,288 | ~2.0465% | ~$20,409 | +46.8% |
| 2027 | ~$760,545 | ~$747,049 | ~1.9977% | ~$14,924 | +12.0% |
| 2028 | ~$851,714 | ~$821,753 | ~1.9488% | ~$16,015 | +25.4% |
| 2029 | ~$953,812 | ~$903,929 | ~1.9000% | ~$17,175 | +40.4% |
| 2030 | ~$1,068,149 | ~$994,322 | ~1.8512% | ~$18,407 | +57.3% |
| 2031 | ~$1,196,192 | ~$1,093,754 | ~1.8024% | ~$19,714 | +76.1% |
In 2025, this property's market value of $618,930 places it in the bottom 25% for Commercial properties in Travis County (13595 comparable) — -55% 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 | $618,930 | $632,506 | $1,382,921 | $3,258,143 | ↓ Bottom 25% | -0.8% |
| 2024 | $616,844 | $647,500 | $1,401,787 | $3,362,090 | ↓ Bottom 25% | +0.0% |
| 2023 | $623,340 | $651,680 | $1,383,015 | $3,277,245 | ↓ Bottom 25% | +9.7% |
| 2022 | $450,451 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| 2021 | $421,932 | $538,645 | $1,173,514 | $2,782,974 | ↓ Bottom 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 | 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 | — |