1301 LAMAR BLVD 78704
| Owner | SEAMLESS SOLA I LP |
|---|---|
| Parcel ID | 0100032803 |
| Short ID | 956870 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 270,000 SF |
| Land SF | 68,583 SF |
| Acres | 1.574 |
| Year Built | 2022 |
| Legal | BOULDIN MASTER CONDOMINIUM UNT RESIDENTIAL UNIT 40.50%INT IN COMMON AREA |
| Neighborhood | K1000 |
| Land | $11,659,025 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,659,025 |
| Improvement | $61,329,312 |
|---|---|
| Total Improvement | $61,329,312 |
| Market | $72,988,337 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $72,988,337 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $72,988,337 |
| Taxable Value | $72,988,337 |
|---|
Appreciation: Market value has risen +319.7% from $17,390,153 (2024) to $72,988,337 (2025), a CAGR of 319.7% over 1 year. 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. Over the same span, the median Multi-Family parcel countywide fell -7.9%, 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 $1,493,695. 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 16% of market value ($11,659,025 land vs $61,329,312 improvements), about $170/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $72,988,337, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). 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 +319.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $95,061,310,407 by 2030, with an estimated annual tax burden around $2,214,310. 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 | 270,000 SF | ✓ |
Market value changed by 2299% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $675,288.09 | $675,288.09 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $382,471.29 | $382,471.29 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $274,323.02 | $274,323.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $86,143.02 | $86,143.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $75,469.94 | $75,469.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,493,695.36 | $1,493,695.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $98,090,000 | $72,988,337 | +34.4% |
| Assessed Value | $98,090,000 | $72,988,337 | +34.4% |
| Land Value | $11,659,025 | $11,659,025 | +0.0% |
| Improvement Value | $86,430,975 | $61,329,312 | +40.9% |
| Taxable Value | $98,090,000 | $72,988,337 | +34.4% |
| Total Tax 2026 = estimate |
~$2,007,397
Estimated
|
~$1,493,695
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $148,156,483 | $98,090,000 | -50,066,483 (-33.8%) |
| Taxable Value | $148,156,483 | $98,090,000 | -50,066,483 (-33.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $98,090,000 | $11,659,025 | $86,430,975 | — | $98,090,000 | $98,090,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $72,988,337 | $11,659,025 | $61,329,312 | — | $72,988,337 | $72,988,337 | ~$1,493,695 | Partial |
| 2024 | $17,390,153 | — | — | −$5,731,128 | $11,659,025 | $— | $939,894 | Verified |
| 2023 | $— | — | — | — | $11,659,025 | $— | $293,074 | Verified |
| 2022 | $— | — | — | — | $725,000 | $— | $14,318 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +103.0% ! | +103.0% | ~100% | Not available | Partial |
| 2025 | +53.9% | +53.9% | ~100% | Not available | Partial |
| 2024 | +172.7% ! | +172.7% | ~100% | 1.9800% | Verified |
| 2023 | +2298.6% ! | +2298.6% | ~100% | 1.6900% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9967.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +34.4% | +177.0% | +298.2% | +319.7% | 2025 | +34.4% | 2026 |
| Assessment Ratio | 100.0% | 89.0% | — | 100.0% | 2025 | 67.0% | 2024 |
| 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 |
$1,493,695 | $1,216,794 | ~$1,904,432 | $1,493,695 | 2025 | $939,894 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$306,339,877 | ~$80,287,171 | ~2.0139% | ~$1,616,933 | +319.7% |
| 2027 | ~$1,285,741,316 | ~$88,315,888 | ~1.9814% | ~$1,749,880 | +1661.6% |
| 2028 | ~$5,396,394,183 | ~$97,147,477 | ~1.9488% | ~$1,893,248 | +7293.5% |
| 2029 | ~$22,649,245,075 | ~$106,862,224 | ~1.9163% | ~$2,047,791 | +30931.3% |
| 2030 | ~$95,061,310,407 | ~$117,548,447 | ~1.8837% | ~$2,214,310 | +130141.8% |
| 2026 | ~$304,880,111 | ~$80,287,171 | ~2.0465% | ~$1,643,065 | +317.7% |
| 2027 | ~$1,273,516,917 | ~$88,315,888 | ~2.0465% | ~$1,807,371 | +1644.8% |
| 2028 | ~$5,319,616,728 | ~$97,147,477 | ~2.0465% | ~$1,988,109 | +7188.3% |
| 2029 | ~$22,220,609,529 | ~$106,862,224 | ~2.0465% | ~$2,186,919 | +30344.1% |
| 2030 | ~$92,817,868,862 | ~$117,548,447 | ~2.0465% | ~$2,405,611 | +127068.1% |
| 2026 | ~$307,799,644 | ~$80,287,171 | ~1.9977% | ~$1,603,867 | +321.7% |
| 2027 | ~$1,298,024,107 | ~$88,315,888 | ~1.9488% | ~$1,721,135 | +1678.4% |
| 2028 | ~$5,473,906,854 | ~$97,147,477 | ~1.9000% | ~$1,845,818 | +7399.7% |
| 2029 | ~$23,084,052,204 | ~$106,862,224 | ~1.8512% | ~$1,978,227 | +31527.0% |
| 2030 | ~$97,347,923,596 | ~$117,548,447 | ~1.8024% | ~$2,118,659 | +133274.6% |
In 2025, this property's market value of $72,988,337 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 140× the county median of $519,778. 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 | $72,988,337 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $17,390,153 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
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.