2209 1 ST 116 78704
| Owner | 2209 SF DEVELOPMENT LLC |
|---|---|
| Parcel ID | 0403011417 |
| Short ID | 972451 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 1,175 SF |
| Land SF | 1,151 SF |
| Acres | 0.026 |
| Year Built | 2023 |
| Legal | ONE OAK CONDOMINIUMS UNT 116 PLUS 0.9836 % INT IN COM AREA |
| Neighborhood | K1S6BC |
| Land | $172,685 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $172,685 |
| Improvement | $567,079 |
|---|---|
| Total Improvement | $567,079 |
| Market | $739,764 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $739,764 |
| Value Limitation Adjustment (−) (homestead cap) | −$186,090 |
| Net Appraised (assessed) | $553,674 |
| Taxable Value | $553,674 |
|---|
Appreciation: Market value has risen +435.5% from $138,148 (2023) to $739,764 (2025), a CAGR of 131.4% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend.
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 $11,331. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($553,674) is $186,090 below market value, suggesting potential for an upward assessment in future years.
Asset Class: O. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 23% of market value ($172,685 land vs $567,079 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +60.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $6,005,456 by 2031, with an estimated annual tax burden around $17,245. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,175 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,175 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 252 | BEDROOMS | 2 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% | $4,133.40 | $4,133.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,341.08 | $2,341.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,679.11 | $1,679.11 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $527.28 | $527.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $461.95 | $461.95 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,142.82 | $9,142.82 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $4,133.40 | 45.2% |
| CAT City of Austin | 0.5240% | $2,341.08 | 25.6% |
| TCO Travis County | 0.3758% | $1,679.11 | 18.4% |
| THD Travis Central Health | 0.1180% | $527.28 | 5.8% |
| ACT Austin Community College | 0.1034% | $461.95 | 5.1% |
| Total | 2.0465% | $9,142.82 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $568,421 | $739,764 | -23.2% |
| Assessed Value | $568,421 | $553,674 | +2.7% |
| Land Value | $129,513 | $172,685 | -25.0% |
| Improvement Value | $438,908 | $567,079 | -22.6% |
| Taxable Value | $568,421 | $553,674 | +2.7% |
| Total Tax 2026 = estimate |
~$11,633
Estimated
|
~$9,143
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $568,421 | $129,513 | $438,908 | — | $568,421 | $568,421 | Not yet — post-cert | Preliminary |
| 2025 | $739,764 | $172,685 | $567,079 | −$186,090 | $553,674 | $553,674 | ~$9,143 | Partial |
| 2024 | $178,121 | $172,685 | $5,436 | — | $178,121 | $178,121 | $3,530 | Verified |
| 2023 | $138,148 | $172,685 | — | — | $138,148 | $138,148 | $2,499 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -23.2% | +2.7% | ~100% | Not available | Partial |
| 2025 | +315.3% ! | +210.8% | 74.8% | Not available | Partial |
| 2024 | +28.9% | +28.9% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +435.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.2% | +107.0% | +60.2% | +315.3% | 2025 | -23.2% | 2026 |
| Assessment Ratio | 100.0% | 93.7% | — | 100.0% | 2023 | 74.8% | 2025 |
| Effective Tax Rate (2025) | 1.2400% | 1.2400% | — | 1.2400% | 2025 | 1.2400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$9,143 | $5,057 | ~$14,831 | $9,143 | 2025 | $2,499 | 2023 |
Market value changed by 315% in 2025, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$910,847 | ~$625,263 | ~2.0139% | ~$12,592 | +60.2% |
| 2028 | ~$1,459,555 | ~$687,789 | ~1.9814% | ~$13,628 | +156.8% |
| 2029 | ~$2,338,814 | ~$756,568 | ~1.9488% | ~$14,744 | +311.5% |
| 2030 | ~$3,747,752 | ~$832,225 | ~1.9163% | ~$15,948 | +559.3% |
| 2031 | ~$6,005,456 | ~$915,448 | ~1.8837% | ~$17,245 | +956.5% |
| 2027 | ~$899,478 | ~$625,263 | ~2.0465% | ~$12,796 | +58.2% |
| 2028 | ~$1,423,348 | ~$687,789 | ~2.0465% | ~$14,075 | +150.4% |
| 2029 | ~$2,252,329 | ~$756,568 | ~2.0465% | ~$15,483 | +296.2% |
| 2030 | ~$3,564,120 | ~$832,225 | ~2.0465% | ~$17,031 | +527.0% |
| 2031 | ~$5,639,920 | ~$915,448 | ~2.0465% | ~$18,735 | +892.2% |
| 2027 | ~$922,215 | ~$625,263 | ~1.9977% | ~$12,491 | +62.2% |
| 2028 | ~$1,496,216 | ~$687,789 | ~1.9488% | ~$13,404 | +163.2% |
| 2029 | ~$2,427,485 | ~$756,568 | ~1.9000% | ~$14,375 | +327.1% |
| 2030 | ~$3,938,389 | ~$832,225 | ~1.8512% | ~$15,406 | +592.9% |
| 2031 | ~$6,389,704 | ~$915,448 | ~1.8024% | ~$16,500 | +1024.1% |
| 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 | 2023–2024 | 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 | 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 | — |