2209 1 ST 403 78704
| Owner | 2209 SF DEVELOPMENT LLC |
|---|---|
| Parcel ID | 0403011500 |
| Short ID | 972534 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 1,619 SF |
| Land SF | 1,582 SF |
| Acres | 0.036 |
| Year Built | 2023 |
| Legal | ONE OAK CONDOMINIUMS UNT 403 PLUS 1.3518 % INT IN COM AREA |
| Neighborhood | K1S6BC |
| Land | $237,327 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $237,327 |
| Improvement | $744,140 |
|---|---|
| Total Improvement | $744,140 |
| Market | $981,467 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $981,467 |
| Value Limitation Adjustment (−) (homestead cap) | −$210,337 |
| Net Appraised (assessed) | $771,130 |
| Taxable Value | $771,130 |
|---|
Appreciation: Market value has risen +416.9% from $189,862 (2023) to $981,467 (2025), a CAGR of 127.4% 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 $15,781. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($771,130) is $210,337 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 24% of market value ($237,327 land vs $744,140 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 +49.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $4,692,198 by 2031, with an estimated annual tax burden around $19,177. 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 | 1,619 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,619 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 252 | BEDROOMS | 3 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% | $5,969.30 | $5,969.30 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,380.91 | $3,380.91 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,424.91 | $2,424.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $761.47 | $761.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $667.13 | $667.13 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,203.72 | $13,203.72 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $5,969.30 | 45.2% |
| CAT City of Austin | 0.5240% | $3,380.91 | 25.6% |
| TCO Travis County | 0.3758% | $2,424.91 | 18.4% |
| THD Travis Central Health | 0.1180% | $761.47 | 5.8% |
| ACT Austin Community College | 0.1034% | $667.13 | 5.1% |
| Total | 2.0465% | $13,203.72 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $632,106 | $981,467 | -35.6% |
| Assessed Value | $632,106 | $771,130 | -18.0% |
| Land Value | $177,995 | $237,327 | -25.0% |
| Improvement Value | $454,111 | $744,140 | -39.0% |
| Taxable Value | $632,106 | $771,130 | -18.0% |
| Total Tax 2026 = estimate |
~$12,936
Estimated
|
~$13,204
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $632,106 | $177,995 | $454,111 | — | $632,106 | $632,106 | Not yet — post-cert | Preliminary |
| 2025 | $981,467 | $237,327 | $744,140 | −$210,337 | $771,130 | $771,130 | ~$13,204 | Partial |
| 2024 | $269,879 | $237,327 | $32,552 | — | $269,879 | $269,879 | $5,348 | Verified |
| 2023 | $189,862 | $237,327 | — | — | $189,862 | $189,862 | $3,435 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -35.6% | -18.0% | ~100% | Not available | Partial |
| 2025 | +263.7% ! | +185.7% | 78.6% | Not available | Partial |
| 2024 | +42.1% | +42.1% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +416.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -35.6% | +90.1% | +49.3% | +263.7% | 2025 | -35.6% | 2026 |
| Assessment Ratio | 100.0% | 94.7% | — | 100.0% | 2023 | 78.6% | 2025 |
| Effective Tax Rate (2025) | 1.3500% | 1.3500% | — | 1.3500% | 2025 | 1.3500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$13,204 | $7,329 | ~$16,493 | $13,204 | 2025 | $3,435 | 2023 |
Market value changed by 264% 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 | ~$943,859 | ~$695,317 | ~2.0139% | ~$14,003 | +49.3% |
| 2028 | ~$1,409,368 | ~$764,848 | ~1.9814% | ~$15,155 | +123.0% |
| 2029 | ~$2,104,465 | ~$841,333 | ~1.9488% | ~$16,396 | +232.9% |
| 2030 | ~$3,142,383 | ~$925,466 | ~1.9163% | ~$17,735 | +397.1% |
| 2031 | ~$4,692,198 | ~$1,018,013 | ~1.8837% | ~$19,177 | +642.3% |
| 2027 | ~$931,217 | ~$695,317 | ~2.0465% | ~$14,230 | +47.3% |
| 2028 | ~$1,371,867 | ~$764,848 | ~2.0465% | ~$15,652 | +117.0% |
| 2029 | ~$2,021,031 | ~$841,333 | ~2.0465% | ~$17,218 | +219.7% |
| 2030 | ~$2,977,378 | ~$925,466 | ~2.0465% | ~$18,940 | +371.0% |
| 2031 | ~$4,386,266 | ~$1,018,013 | ~2.0465% | ~$20,833 | +593.9% |
| 2027 | ~$956,501 | ~$695,317 | ~1.9977% | ~$13,890 | +51.3% |
| 2028 | ~$1,447,375 | ~$764,848 | ~1.9488% | ~$14,906 | +129.0% |
| 2029 | ~$2,190,165 | ~$841,333 | ~1.9000% | ~$15,985 | +246.5% |
| 2030 | ~$3,314,153 | ~$925,466 | ~1.8512% | ~$17,132 | +424.3% |
| 2031 | ~$5,014,968 | ~$1,018,013 | ~1.8024% | ~$18,348 | +693.4% |
| 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 | — |