2209 1 ST 401 78704
| Owner | 2209 SF DEVELOPMENT LLC |
|---|---|
| Parcel ID | 0403011498 |
| Short ID | 972532 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 2,012 SF |
| Land SF | 1,951 SF |
| Acres | 0.045 |
| Year Built | 2023 |
| Legal | ONE OAK CONDOMINIUMS UNT 401 PLUS 1.6671 % INT IN COM AREA |
| Neighborhood | K1S6BC |
| Land | $292,695 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $292,695 |
| Improvement | $898,540 |
|---|---|
| Total Improvement | $898,540 |
| Market | $1,191,235 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,191,235 |
| Value Limitation Adjustment (−) (homestead cap) | −$247,991 |
| Net Appraised (assessed) | $943,244 |
| Taxable Value | $943,244 |
|---|
Appreciation: Market value has risen +408.7% from $234,156 (2023) to $1,191,235 (2025), a CAGR of 125.6% 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 $19,303. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($943,244) is $247,991 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 25% of market value ($292,695 land vs $898,540 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 +48.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $5,561,539 by 2031, with an estimated annual tax burden around $23,301. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,012 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,012 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 250 | HALF BATHROOM | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $7,427.69 | $7,427.69 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,206.91 | $4,206.91 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,017.36 | $3,017.36 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $947.51 | $947.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $830.12 | $830.12 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,429.59 | $16,429.59 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $7,427.69 | 45.2% |
| CAT City of Austin | 0.5240% | $4,206.91 | 25.6% |
| TCO Travis County | 0.3758% | $3,017.36 | 18.4% |
| THD Travis Central Health | 0.1180% | $947.51 | 5.8% |
| ACT Austin Community College | 0.1034% | $830.12 | 5.1% |
| Total | 2.0465% | $16,429.59 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $768,049 | $1,191,235 | -35.5% |
| Assessed Value | $768,049 | $943,244 | -18.6% |
| Land Value | $219,521 | $292,695 | -25.0% |
| Improvement Value | $548,528 | $898,540 | -39.0% |
| Taxable Value | $768,049 | $943,244 | -18.6% |
| Total Tax 2026 = estimate |
~$15,718
Estimated
|
~$16,430
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $768,049 | $219,521 | $548,528 | — | $768,049 | $768,049 | Not yet — post-cert | Preliminary |
| 2025 | $1,191,235 | $292,695 | $898,540 | −$247,991 | $943,244 | $943,244 | ~$16,430 | Partial |
| 2024 | $335,389 | $292,695 | $42,694 | — | $335,389 | $335,389 | $6,647 | Verified |
| 2023 | $234,156 | $292,695 | — | — | $234,156 | $234,156 | $4,236 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -35.5% | -18.6% | ~100% | Not available | Partial |
| 2025 | +255.2% ! | +181.2% | 79.2% | Not available | Partial |
| 2024 | +43.2% | +43.2% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +408.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -35.5% | +87.6% | +48.6% | +255.2% | 2025 | -35.5% | 2026 |
| Assessment Ratio | 100.0% | 94.8% | — | 100.0% | 2023 | 79.2% | 2025 |
| Effective Tax Rate (2025) | 1.3800% | 1.3800% | — | 1.3800% | 2025 | 1.3800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$16,430 | $9,104 | ~$20,040 | $16,430 | 2025 | $4,236 | 2023 |
Market value changed by 255% 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 | ~$1,141,169 | ~$844,854 | ~2.0139% | ~$17,015 | +48.6% |
| 2028 | ~$1,695,553 | ~$929,339 | ~1.9814% | ~$18,414 | +120.8% |
| 2029 | ~$2,519,258 | ~$1,022,273 | ~1.9488% | ~$19,922 | +228.0% |
| 2030 | ~$3,743,120 | ~$1,124,501 | ~1.9163% | ~$21,549 | +387.4% |
| 2031 | ~$5,561,539 | ~$1,236,951 | ~1.8837% | ~$23,301 | +624.1% |
| 2027 | ~$1,125,808 | ~$844,854 | ~2.0465% | ~$17,290 | +46.6% |
| 2028 | ~$1,650,213 | ~$929,339 | ~2.0465% | ~$19,019 | +114.9% |
| 2029 | ~$2,418,888 | ~$1,022,273 | ~2.0465% | ~$20,921 | +214.9% |
| 2030 | ~$3,545,613 | ~$1,124,501 | ~2.0465% | ~$23,013 | +361.6% |
| 2031 | ~$5,197,169 | ~$1,236,951 | ~2.0465% | ~$25,314 | +576.7% |
| 2027 | ~$1,156,530 | ~$844,854 | ~1.9977% | ~$16,877 | +50.6% |
| 2028 | ~$1,741,507 | ~$929,339 | ~1.9488% | ~$18,111 | +126.7% |
| 2029 | ~$2,622,366 | ~$1,022,273 | ~1.9000% | ~$19,423 | +241.4% |
| 2030 | ~$3,948,767 | ~$1,124,501 | ~1.8512% | ~$20,817 | +414.1% |
| 2031 | ~$5,946,065 | ~$1,236,951 | ~1.8024% | ~$22,294 | +674.2% |
| 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 | — |