3715 S 1 ST TX 78704
| Owner | BELKORP HOLDINGS INC |
|---|---|
| Parcel ID | 0408040543 |
| Short ID | 311023 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 181,075 SF |
| Land SF | 274,132 SF |
| Acres | 6.293 |
| Year Built | 2013 |
| Legal | LOT 1-3 BLK A WILLIAMSON SUBD SEC 2 & 4.7361 ACR OF BLK 3 & 0.9821 ACR OF BLK 4 FORTVIEW ADDN (TOTAL ACR 6.3090) |
| Neighborhood | 08SC1 |
| Land | $30,154,497 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $30,154,497 |
| Improvement | $52,735,503 |
|---|---|
| Total Improvement | $52,735,503 |
| Market | $82,890,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $82,890,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $82,890,000 |
| Taxable Value | $82,890,000 |
|---|
Appreciation: Market value has risen +8.1% from $76,690,000 (2021) to $82,890,000 (2025), a CAGR of 2.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 lagged 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 $1,696,331. 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 36% of market value ($30,154,497 land vs $52,735,503 improvements), about $110/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $82,890,000, 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 +0.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $77,446,046 by 2031, with an estimated annual tax burden around $1,458,884. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 139,104 SF | ✓ |
| 3RD | 3rd Floor | 74,973 SF | ✓ |
| 4TH | 4th Floor | 74,973 SF | ✓ |
| 2ND | 2nd Floor | 65,910 SF | ✓ |
| 1ST | 1st Floor | 40,192 SF | ✓ |
| 5TH | 5th Floor | 25,540 SF | ✓ |
| MISC | Miscellaneous | 6,761 SF | ✓ |
| 601 | POOL COMM'L | 2,000 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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% | $766,898.28 | $766,898.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $434,357.69 | $434,357.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $311,537.92 | $311,537.92 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $97,829.26 | $97,829.26 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $85,708.26 | $85,708.26 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,696,331.41 | $1,696,331.41 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $766,898.28 | 45.2% |
| CAT City of Austin | 0.5240% | $434,357.69 | 25.6% |
| TCO Travis County | 0.3758% | $311,537.92 | 18.4% |
| THD Travis Central Health | 0.1180% | $97,829.26 | 5.8% |
| ACT Austin Community College | 0.1034% | $85,708.26 | 5.1% |
| Total | 2.0465% | $1,696,331.41 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $77,067,096 | $82,890,000 | -7.0% |
| Assessed Value | $77,067,096 | $82,890,000 | -7.0% |
| Land Value | $30,154,497 | $30,154,497 | +0.0% |
| Improvement Value | $46,912,599 | $52,735,503 | -11.0% |
| Taxable Value | $77,067,096 | $82,890,000 | -7.0% |
| Total Tax 2026 = estimate |
~$1,577,167
Estimated
|
~$1,696,331
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $77,067,096 | $30,154,497 | $46,912,599 | — | $77,067,096 | $77,067,096 | Not yet — post-cert | Preliminary |
| 2025 | $82,890,000 | $30,154,497 | $52,735,503 | — | $82,890,000 | $82,890,000 | ~$1,696,331 | Partial |
| 2024 | $94,860,000 | $30,154,497 | $64,705,503 | — | $94,860,000 | $94,860,000 | $1,732,140 | Verified |
| 2023 | $106,350,000 | $30,154,497 | $76,195,503 | — | $106,350,000 | $106,350,000 | $1,741,779 | Verified |
| 2022 | $97,200,000 | $17,818,566 | $79,381,434 | — | $97,200,000 | $97,200,000 | $1,845,514 | Verified |
| 2021 | $76,690,000 | $17,818,566 | $58,871,434 | — | $76,690,000 | $76,690,000 | $1,646,712 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2025 | -12.6% | -12.6% | ~100% | Not available | Partial |
| 2024 | -10.8% | -10.8% | ~100% | No billing data | Verified |
| 2023 | +9.4% | +9.4% | ~100% | No billing data | Verified |
| 2022 | +26.7% | +26.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.0% | +1.1% | +0.1% | +26.7% | 2022 | -12.6% | 2025 |
| 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 |
$1,696,331 | $1,732,495 | ~$1,506,293 | $1,845,514 | 2022 | $1,646,712 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$77,142,737 | ~$77,142,737 | ~2.0139% | ~$1,553,606 | +0.1% |
| 2028 | ~$77,218,453 | ~$77,218,453 | ~1.9814% | ~$1,529,997 | +0.2% |
| 2029 | ~$77,294,243 | ~$77,294,243 | ~1.9488% | ~$1,506,341 | +0.3% |
| 2030 | ~$77,370,107 | ~$77,370,107 | ~1.9163% | ~$1,482,636 | +0.4% |
| 2031 | ~$77,446,046 | ~$77,446,046 | ~1.8837% | ~$1,458,884 | +0.5% |
| 2027 | ~$75,601,395 | ~$75,601,395 | ~2.0465% | ~$1,547,171 | -1.9% |
| 2028 | ~$74,163,570 | ~$74,163,570 | ~2.0465% | ~$1,517,746 | -3.8% |
| 2029 | ~$72,753,091 | ~$72,753,091 | ~2.0465% | ~$1,488,881 | -5.6% |
| 2030 | ~$71,369,436 | ~$71,369,436 | ~2.0465% | ~$1,460,565 | -7.4% |
| 2031 | ~$70,012,096 | ~$70,012,096 | ~2.0465% | ~$1,432,787 | -9.2% |
| 2027 | ~$78,684,079 | ~$78,684,079 | ~1.9977% | ~$1,571,842 | +2.1% |
| 2028 | ~$80,334,989 | ~$80,334,989 | ~1.9488% | ~$1,565,600 | +4.2% |
| 2029 | ~$82,020,538 | ~$82,020,538 | ~1.9000% | ~$1,558,404 | +6.4% |
| 2030 | ~$83,741,452 | ~$83,741,452 | ~1.8512% | ~$1,550,217 | +8.7% |
| 2031 | ~$85,498,473 | ~$85,498,473 | ~1.8024% | ~$1,541,000 | +10.9% |
In 2025, this property's market value of $82,890,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 160× 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 | $82,890,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $94,860,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $106,350,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $97,200,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $76,690,000 | $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 | — |