2119 FRATE BARKER RD 78748
| Owner | 2119 FRATE BARKER ROAD LLC |
|---|---|
| Parcel ID | 0438252304 |
| Short ID | 964647 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 37,449 SF |
| Land SF | 87,051 SF |
| Acres | 1.998 |
| Year Built | 2024 |
| Legal | ARTISAN COVE SOUTH LOT 1 |
| Neighborhood | SC3 |
| Land | $522,306 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $522,306 |
| Improvement | $9,227,694 |
|---|---|
| Total Improvement | $9,227,694 |
| Market | $9,750,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,750,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,750,000 |
| Taxable Value | $9,750,000 |
|---|
Appreciation: Market value has risen +184.1% from $3,431,532 (2023) to $9,750,000 (2025), a CAGR of 68.6% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 fell -15.8%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 1.6225% in 2025 (+0.0183% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $158,191. Austin ISD is the largest single contributor, at 57.0% 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 5% of market value ($522,306 land vs $9,227,694 improvements), about $6/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $9,750,000, 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 +41.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $55,573,219 by 2031, with an estimated annual tax burden around $232,546. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 37,449 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% | $90,207.00 | $90,207.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $36,644.89 | $36,644.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,507.24 | $11,507.24 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,081.50 | $10,081.50 | Paid |
| E05 Travis County ESD # 05 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $9,750.00 | $9,750.00 | Paid |
| Combined Rate | 1.7357% | 1.6122% | 1.4634% | 1.6042% | 1.6225% | +0.0183% | $158,190.63 | $158,190.63 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $90,207.00 | 57.0% |
| TCO Travis County | 0.3758% | $36,644.89 | 23.2% |
| THD Travis Central Health | 0.1180% | $11,507.24 | 7.3% |
| ACT Austin Community College | 0.1034% | $10,081.50 | 6.4% |
| E05 Travis County ESD # 05 | 0.1000% | $9,750.00 | 6.2% |
| Total | 1.6225% | $158,190.63 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,750,000 | $9,750,000 | +0.0% |
| Assessed Value | $9,750,000 | $9,750,000 | +0.0% |
| Land Value | $522,306 | $522,306 | +0.0% |
| Improvement Value | $9,227,694 | $9,227,694 | +0.0% |
| Taxable Value | $9,750,000 | $9,750,000 | +0.0% |
| Total Tax 2026 = estimate |
~$158,191
Estimated
|
~$158,191
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $9,750,000 | $522,306 | $9,227,694 | — | $9,750,000 | $9,750,000 | Not yet — post-cert | Preliminary |
| 2025 | $9,750,000 | $522,306 | $9,227,694 | — | $9,750,000 | $9,750,000 | ~$158,191 | Partial |
| 2024 | $10,270,000 | $522,306 | $9,747,694 | — | $10,270,000 | $10,270,000 | $153,180 | Verified |
| 2023 | $3,431,532 | $522,306 | $2,909,226 | — | $3,431,532 | $3,431,532 | $50,219 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -5.1% | -5.1% | ~100% | Not available | Partial |
| 2024 | +199.3% ! | +199.3% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +184.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +64.7% | +41.6% | +199.3% | 2024 | -5.1% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2023 | 100.0% | 2023 |
| Effective Tax Rate (2025) | 1.6200% | 1.6200% | — | 1.6200% | 2025 | 1.6200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$158,191 | $120,530 | ~$200,646 | $158,191 | 2025 | $50,219 | 2023 |
Market value changed by 199% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$13,809,463 | ~$10,725,000 | ~1.5942% | ~$170,974 | +41.6% |
| 2028 | ~$19,559,106 | ~$11,797,500 | ~1.5659% | ~$184,733 | +100.6% |
| 2029 | ~$27,702,641 | ~$12,977,250 | ~1.5376% | ~$199,533 | +184.1% |
| 2030 | ~$39,236,781 | ~$14,274,975 | ~1.5093% | ~$215,446 | +302.4% |
| 2031 | ~$55,573,219 | ~$15,702,473 | ~1.4810% | ~$232,546 | +470.0% |
| 2027 | ~$13,614,463 | ~$10,725,000 | ~1.6225% | ~$174,010 | +39.6% |
| 2028 | ~$19,010,627 | ~$11,797,500 | ~1.6225% | ~$191,411 | +95.0% |
| 2029 | ~$26,545,588 | ~$12,977,250 | ~1.6225% | ~$210,552 | +172.3% |
| 2030 | ~$37,067,071 | ~$14,274,975 | ~1.6225% | ~$231,607 | +280.2% |
| 2031 | ~$51,758,798 | ~$15,702,473 | ~1.6225% | ~$254,768 | +430.9% |
| 2027 | ~$14,004,463 | ~$10,725,000 | ~1.5800% | ~$169,456 | +43.6% |
| 2028 | ~$20,115,384 | ~$11,797,500 | ~1.5376% | ~$181,394 | +106.3% |
| 2029 | ~$28,892,837 | ~$12,977,250 | ~1.4951% | ~$194,024 | +196.3% |
| 2030 | ~$41,500,377 | ~$14,274,975 | ~1.4527% | ~$207,366 | +325.6% |
| 2031 | ~$59,609,283 | ~$15,702,473 | ~1.4102% | ~$221,436 | +511.4% |
In 2025, this property's market value of $9,750,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 19× 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 | $9,750,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $10,270,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $3,431,532 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 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 | — |