2209 1 ST 408 78704
| Owner | 2209 SF DEVELOPMENT LLC |
|---|---|
| Parcel ID | 0403011505 |
| Short ID | 972539 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 2,114 SF |
| Land SF | 2,072 SF |
| Acres | 0.048 |
| Year Built | 2023 |
| Legal | ONE OAK CONDOMINIUMS UNT 408 PLUS 1.7702 % INT IN COM AREA |
| Neighborhood | K1S6BC |
| Land | $310,802 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $310,802 |
| Improvement | $937,088 |
|---|---|
| Total Improvement | $937,088 |
| Market | $1,247,890 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,247,890 |
| Value Limitation Adjustment (−) (homestead cap) | −$260,419 |
| Net Appraised (assessed) | $987,471 |
| Taxable Value | $987,471 |
|---|
Appreciation: Market value has risen +401.9% from $248,642 (2023) to $1,247,890 (2025), a CAGR of 124.0% 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 $20,208. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($987,471) is $260,419 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 ($310,802 land vs $937,088 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 +56.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,115,680 by 2031, with an estimated annual tax burden around $29,117. 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 | 2,114 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,114 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% | $7,790.56 | $7,790.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,412.44 | $4,412.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,164.77 | $3,164.77 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $993.80 | $993.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $870.67 | $870.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,232.24 | $17,232.24 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $7,790.56 | 45.2% |
| CAT City of Austin | 0.5240% | $4,412.44 | 25.6% |
| TCO Travis County | 0.3758% | $3,164.77 | 18.4% |
| THD Travis Central Health | 0.1180% | $993.80 | 5.8% |
| ACT Austin Community College | 0.1034% | $870.67 | 5.1% |
| Total | 2.0465% | $17,232.24 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $959,743 | $1,247,890 | -23.1% |
| Assessed Value | $959,743 | $987,471 | -2.8% |
| Land Value | $233,101 | $310,802 | -25.0% |
| Improvement Value | $726,642 | $937,088 | -22.5% |
| Taxable Value | $959,743 | $987,471 | -2.8% |
| Total Tax 2026 = estimate |
~$19,641
Estimated
|
~$17,232
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $959,743 | $233,101 | $726,642 | — | $959,743 | $959,743 | Not yet — post-cert | Preliminary |
| 2025 | $1,247,890 | $310,802 | $937,088 | −$260,419 | $987,471 | $987,471 | ~$17,232 | Partial |
| 2024 | $352,392 | $310,802 | $41,590 | — | $352,392 | $352,392 | $6,984 | Verified |
| 2023 | $248,642 | $310,802 | — | — | $248,642 | $248,642 | $4,499 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -23.1% | -2.8% | ~100% | Not available | Partial |
| 2025 | +254.1% ! | +180.2% | 79.1% | Not available | Partial |
| 2024 | +41.7% | +41.7% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +401.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.1% | +90.9% | +56.9% | +254.1% | 2025 | -23.1% | 2026 |
| Assessment Ratio | 100.0% | 94.8% | — | 100.0% | 2023 | 79.1% | 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 |
$17,232 | $9,572 | ~$25,042 | $17,232 | 2025 | $4,499 | 2023 |
Market value changed by 254% 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 | ~$1,505,504 | ~$1,055,717 | ~2.0139% | ~$21,261 | +56.9% |
| 2028 | ~$2,361,612 | ~$1,161,289 | ~1.9814% | ~$23,010 | +146.1% |
| 2029 | ~$3,704,550 | ~$1,277,418 | ~1.9488% | ~$24,895 | +286.0% |
| 2030 | ~$5,811,152 | ~$1,405,160 | ~1.9163% | ~$26,927 | +505.5% |
| 2031 | ~$9,115,680 | ~$1,545,676 | ~1.8837% | ~$29,117 | +849.8% |
| 2027 | ~$1,486,309 | ~$1,055,717 | ~2.0465% | ~$21,605 | +54.9% |
| 2028 | ~$2,301,776 | ~$1,161,289 | ~2.0465% | ~$23,766 | +139.8% |
| 2029 | ~$3,564,652 | ~$1,277,418 | ~2.0465% | ~$26,142 | +271.4% |
| 2030 | ~$5,520,408 | ~$1,405,160 | ~2.0465% | ~$28,756 | +475.2% |
| 2031 | ~$8,549,195 | ~$1,545,676 | ~2.0465% | ~$31,632 | +790.8% |
| 2027 | ~$1,524,698 | ~$1,055,717 | ~1.9977% | ~$21,090 | +58.9% |
| 2028 | ~$2,422,216 | ~$1,161,289 | ~1.9488% | ~$22,632 | +152.4% |
| 2029 | ~$3,848,061 | ~$1,277,418 | ~1.9000% | ~$24,271 | +300.9% |
| 2030 | ~$6,113,232 | ~$1,405,160 | ~1.8512% | ~$26,012 | +537.0% |
| 2031 | ~$9,711,803 | ~$1,545,676 | ~1.8024% | ~$27,859 | +911.9% |
| 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 | — |