3004 S 1 ST TX 78704
| Owner | 3004 SOUTH FIRST LLC |
|---|---|
| Parcel ID | 0405050610 |
| Short ID | 307493 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 7,873 SF |
| Land SF | 18,869 SF |
| Acres | 0.433 |
| Year Built | 1976 |
| Legal | 99 X 190.6 FT LOT 1 BLK 1 LOVELESS ADDN |
| Neighborhood | 05SC1 |
| Land | $2,264,280 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,264,280 |
| Improvement | $94,714 |
|---|---|
| Total Improvement | $94,714 |
| Market | $2,358,994 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,358,994 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,358,994 |
| Taxable Value | $2,358,994 |
|---|
Appreciation: Market value has risen +88.7% from $1,250,106 (2021) to $2,358,994 (2025), a CAGR of 17.2% 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 Multi-Family parcel countywide rose +19.0%, so this parcel has outpaced the broader multi-family 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 $48,276. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. 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 96% of market value ($2,264,280 land vs $94,714 improvements), about $120/SF of land. With value concentrated in the land under a ~50-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 $2,358,994, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family 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 +8.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,848,072 by 2031, with an estimated annual tax burden around $53,650. 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,920 SF | ✗ |
| SO | Sketch Only | 6,908 SF | ✗ |
| 1ST | 1st Floor | 4,689 SF | ✓ |
| 2ND | 2nd Floor | 3,184 SF | ✓ |
| 591 | MASONRY TRIM SF | 560 SF | ✗ |
| 611 | TERRACE | 288 SF | ✗ |
| 571C | STORAGE DET COMM | 176 SF | ✓ |
| 501 | CANOPY | 68 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 56 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $21,825.41 | $21,825.41 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,361.53 | $12,361.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,866.16 | $8,866.16 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,784.16 | $2,784.16 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,439.20 | $2,439.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $48,276.46 | $48,276.46 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $21,825.41 | 45.2% |
| CAT City of Austin | 0.5240% | $12,361.53 | 25.6% |
| TCO Travis County | 0.3758% | $8,866.16 | 18.4% |
| THD Travis Central Health | 0.1180% | $2,784.16 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,439.20 | 5.1% |
| Total | 2.0465% | $48,276.46 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,886,900 | $2,358,994 | -20.0% |
| Assessed Value | $1,886,900 | $2,358,994 | -20.0% |
| Land Value | $2,264,280 | $2,264,280 | +0.0% |
| Improvement Value | — | $94,714 | — |
| Taxable Value | $1,886,900 | $2,358,994 | -20.0% |
| Total Tax 2026 = estimate |
~$38,615
Estimated
|
~$48,276
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,886,900 | $2,264,280 | — | — | $1,886,900 | $1,886,900 | Not yet — post-cert | Preliminary |
| 2025 | $2,358,994 | $2,264,280 | $94,714 | — | $2,358,994 | $2,358,994 | ~$48,276 | Partial |
| 2024 | $2,451,620 | $2,264,280 | $187,340 | — | $2,451,620 | $2,451,620 | $46,730 | Verified |
| 2023 | $2,585,480 | $2,264,280 | $321,200 | — | $2,585,480 | $2,585,480 | $43,422 | Verified |
| 2022 | $1,370,842 | $1,226,485 | $144,357 | — | $1,370,842 | $1,370,842 | $27,073 | Verified |
| 2021 | $1,250,106 | $1,226,485 | $23,621 | — | $1,250,106 | $1,250,106 | $27,211 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -20.0% | -20.0% | ~100% | Not available | Partial |
| 2025 | -3.8% | -3.8% | ~100% | Not available | Partial |
| 2024 | -5.2% | -5.2% | ~100% | No billing data | Verified |
| 2023 | +88.6% ! | +88.6% | ~100% | No billing data | Verified |
| 2022 | +9.7% | +9.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +88.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -20.0% | +13.9% | +8.6% | +88.6% | 2023 | -20.0% | 2026 |
| 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
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$48,276 | $38,542 | ~$47,266 | $48,276 | 2025 | $27,073 | 2022 |
Market value changed by 89% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,048,846 | ~$2,048,846 | ~2.0139% | ~$41,262 | +8.6% |
| 2028 | ~$2,224,691 | ~$2,224,691 | ~1.9814% | ~$44,080 | +17.9% |
| 2029 | ~$2,415,628 | ~$2,415,628 | ~1.9488% | ~$47,077 | +28.0% |
| 2030 | ~$2,622,953 | ~$2,622,953 | ~1.9163% | ~$50,263 | +39.0% |
| 2031 | ~$2,848,072 | ~$2,848,072 | ~1.8837% | ~$53,650 | +50.9% |
| 2027 | ~$2,011,108 | ~$2,011,108 | ~2.0465% | ~$41,157 | +6.6% |
| 2028 | ~$2,143,492 | ~$2,143,492 | ~2.0465% | ~$43,866 | +13.6% |
| 2029 | ~$2,284,590 | ~$2,284,590 | ~2.0465% | ~$46,754 | +21.1% |
| 2030 | ~$2,434,977 | ~$2,434,977 | ~2.0465% | ~$49,831 | +29.0% |
| 2031 | ~$2,595,263 | ~$2,595,263 | ~2.0465% | ~$53,112 | +37.5% |
| 2027 | ~$2,086,584 | ~$2,075,590 | ~1.9977% | ~$41,463 | +10.6% |
| 2028 | ~$2,307,400 | ~$2,283,149 | ~1.9488% | ~$44,495 | +22.3% |
| 2029 | ~$2,551,583 | ~$2,511,464 | ~1.9000% | ~$47,718 | +35.2% |
| 2030 | ~$2,821,608 | ~$2,762,610 | ~1.8512% | ~$51,141 | +49.5% |
| 2031 | ~$3,120,209 | ~$3,038,871 | ~1.8024% | ~$54,772 | +65.4% |
In 2025, this property's market value of $2,358,994 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 5× the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family 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 | $2,358,994 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $2,451,620 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $2,585,480 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,370,842 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,250,106 | $353,349 | $436,046 | $657,886 | ↑ Top 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 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 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 | — |