1118 ROBERT E LEE RD TX 78704
| Owner | AZIE MORTON STENGER LLC & |
|---|---|
| Parcel ID | 0103061116 |
| Short ID | 103574 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 2,928 SF |
| Land SF | 7,552 SF |
| Acres | 0.173 |
| Year Built | 2023 |
| Legal | LOT 22 BLK 1 BARTON HOLLOW |
| Neighborhood | L1005 |
| Land | $559,687 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $559,687 |
| Improvement | $76,578 |
|---|---|
| Total Improvement | $76,578 |
| Market | $636,265 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $636,265 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $636,265 |
| Taxable Value | $636,265 |
|---|
Appreciation: Market value has risen +36.0% from $468,012 (2021) to $636,265 (2025), a CAGR of 8.0% over 4 years. This represents moderate, steady growth. 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 +37.9%, 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 $13,021. 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 88% of market value ($559,687 land vs $76,578 improvements), about $74/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $636,265, this parcel sits in the upper-middle (50th–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 +8.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $934,038 by 2030, with an estimated annual tax burden around $17,595. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,928 SF | ✗ |
| 2ND | 2nd Floor | 1,491 SF | ✓ |
| 1ST | 1st Floor | 1,437 SF | ✓ |
| 061 | CARPORT ATT 1ST | 286 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 254 SF | ✗ |
| 512 | DECK UNCOVRED | 236 SF | ✗ |
| 612 | TERRACE UNCOVERD | 192 SF | ✗ |
| 581 | STORAGE ATT | 52 SF | ✓ |
| 251 | BATHROOM | 4 SF | ✓ |
Market value changed by 102% in 2022, 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% | $5,886.72 | $5,886.72 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,334.14 | $3,334.14 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,391.37 | $2,391.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $750.94 | $750.94 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $657.90 | $657.90 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,021.07 | $13,021.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $594,804 | $636,265 | -6.5% |
| Assessed Value | $594,804 | $636,265 | -6.5% |
| Land Value | $559,687 | $559,687 | +0.0% |
| Improvement Value | $35,117 | $76,578 | -54.1% |
| Taxable Value | $594,804 | $636,265 | -6.5% |
| Total Tax 2026 = estimate |
~$12,173
Estimated
|
~$13,021
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $731,235 | $594,804 | -136,431 (-18.7%) |
| Taxable Value | $731,235 | $594,804 | -136,431 (-18.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $594,804 | $559,687 | $35,117 | — | $594,804 | $594,804 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $636,265 | $559,687 | $76,578 | — | $636,265 | $636,265 | ~$13,021 | Partial |
| 2024 | $975,000 | — | — | −$165,000 | $810,000 | $— | $16,845 | Verified |
| 2023 | $1,322,311 | — | — | −$467,311 | $855,000 | $— | $17,640 | Verified |
| 2022 | $654,598 | — | — | — | $950,000 ! | $— | $23,377 | Verified |
| 2021 | $468,012 | — | — | −$43,012 | $425,000 | $— | $14,248 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.9% | +14.9% | ~100% | Not available | Partial |
| 2025 | -25.1% | -25.1% | ~100% | Not available | Partial |
| 2024 | -12.8% | -12.8% | ~100% | 1.9800% | Verified |
| 2023 | -26.3% | -26.3% | ~100% | 1.8100% | Verified |
| 2022 | +102.0% ! | +102.0% | ~100% | 1.7700% | Verified |
| 2021 | base year | — | ~100% | 3.0400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -2.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.5% | +14.9% | +9.5% | +102.0% | 2023 | -34.7% | 2025 |
| Assessment Ratio | 100.0% | 97.3% | — | 145.1% | 2022 | 64.7% | 2023 |
| 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 |
$13,021 | $17,026 | ~$15,664 | $23,377 | 2022 | $13,021 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$687,042 | ~$687,042 | ~2.0139% | ~$13,837 | +8.0% |
| 2027 | ~$741,871 | ~$741,871 | ~1.9814% | ~$14,699 | +16.6% |
| 2028 | ~$801,076 | ~$801,076 | ~1.9488% | ~$15,612 | +25.9% |
| 2029 | ~$865,006 | ~$865,006 | ~1.9163% | ~$16,576 | +36.0% |
| 2030 | ~$934,038 | ~$934,038 | ~1.8837% | ~$17,595 | +46.8% |
| 2026 | ~$674,317 | ~$674,317 | ~2.0465% | ~$13,800 | +6.0% |
| 2027 | ~$714,644 | ~$714,644 | ~2.0465% | ~$14,625 | +12.3% |
| 2028 | ~$757,383 | ~$757,383 | ~2.0465% | ~$15,500 | +19.0% |
| 2029 | ~$802,678 | ~$802,678 | ~2.0465% | ~$16,427 | +26.2% |
| 2030 | ~$850,682 | ~$850,682 | ~2.0465% | ~$17,409 | +33.7% |
| 2026 | ~$699,767 | ~$699,767 | ~1.9977% | ~$13,979 | +10.0% |
| 2027 | ~$769,607 | ~$769,607 | ~1.9488% | ~$14,998 | +21.0% |
| 2028 | ~$846,418 | ~$846,418 | ~1.9000% | ~$16,082 | +33.0% |
| 2029 | ~$930,895 | ~$930,895 | ~1.8512% | ~$17,233 | +46.3% |
| 2030 | ~$1,023,802 | ~$1,023,802 | ~1.8024% | ~$18,453 | +60.9% |
In 2025, this property's market value of $636,265 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +22% above 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 | $636,265 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $975,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,322,311 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $654,598 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $468,012 | $300,453 | $376,850 | $539,896 | ↑ Above median | base yr |
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.