615 W 7 ST TX 78701
| Owner | GS RIO LP |
|---|---|
| Parcel ID | 0107000708 |
| Short ID | 807118 |
| Type | Real |
| Use Code | 108 Luxury Hi-Rise Apts 100+ |
| Valuation | Income |
| Improvement SF | 203,366 SF |
| Land SF | 25,483 SF |
| Acres | 0.585 |
| Year Built | 2013 |
| Legal | LOT 6A BLOCK 075 ORIGINAL CITY AMENDED PLAT OF LOTS 5&6 & LOTS 7-8 BLOCK 075 ORIGINAL CITY |
| Neighborhood | 08HIR |
| Land | $6,857,368 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,857,368 |
| Improvement | $73,382,632 |
|---|---|
| Total Improvement | $73,382,632 |
| Market | $80,240,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $80,240,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $80,240,000 |
| Taxable Value | $80,240,000 |
|---|
Appreciation: Market value has risen +783340.7% from $10,242 (2021) to $80,240,000 (2025), a CAGR of 840.8% over 4 years. This is strong appreciation — well above typical inflation. 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 +37.9%, 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 $1,642,100. 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 9% of market value ($6,857,368 land vs $73,382,632 improvements), about $269/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $80,240,000, 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 +840.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,914,235,389,297 by 2030, with an estimated annual tax burden around $2,434,310. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 388,777 SF | ✗ |
| 1ST | 1st Floor | 203,366 SF | ✓ |
| 187 | PARKING GARAGE | 159,600 SF | ✓ |
| MISC | Miscellaneous | 9,170 SF | ✓ |
| 551 | PAVED AREA | 6,000 SF | ✗ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $711,941.40 | $711,941.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $403,231.08 | $403,231.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $289,212.73 | $289,212.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $90,818.70 | $90,818.70 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $79,566.30 | $79,566.30 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,574,770.21 | $1,574,770.21 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $80,660,000 | $80,240,000 | +0.5% |
| Assessed Value | $80,660,000 | $80,240,000 | +0.5% |
| Land Value | $11,467,170 | $6,857,368 | +67.2% |
| Improvement Value | $69,192,830 | $73,382,632 | -5.7% |
| Taxable Value | $80,660,000 | $80,240,000 | +0.5% |
| Total Tax 2026 = estimate |
~$1,650,695
Estimated
|
~$1,574,770
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $80,660,000 | $80,660,000 | +0 (+0.0%) |
| Taxable Value | $80,660,000 | $80,660,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $80,660,000 | $11,467,170 | $69,192,830 | — | $80,660,000 | $80,660,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $80,240,000 | $6,857,368 | $73,382,632 | — | $80,240,000 | $80,240,000 | ~$1,574,770 | Partial |
| 2024 | $86,500,000 | — | — | — | — | $— | $1,759,058 | Verified |
| 2023 | $84,500,000 | — | — | — | — | $— | $1,571,378 | Verified |
| 2022 | $77,900,000 | — | — | — | — | $— | $1,673,938 | Verified |
| 2021 | $10,242 | — | — | — | — | $— | $1,695,633 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.5% | +0.5% | ~100% | Not available | Partial |
| 2025 | -9.6% | -9.6% | ~100% | Not available | Partial |
| 2024 | -4.5% | -4.5% | ~100% | 1.9800% | Verified |
| 2023 | +3.7% | +3.7% | ~100% | 1.6900% | Verified |
| 2022 | +15.1% | +15.1% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.5% | +152099.6% | +839.8% | +760493.6% | 2022 | -7.2% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,574,770 | $1,654,956 | ~$2,093,645 | $1,759,058 | 2024 | $1,571,378 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$754,905,270 | ~$88,264,000 | ~2.0139% | ~$1,777,581 | +840.8% |
| 2027 | ~$7,102,217,928 | ~$97,090,400 | ~1.9814% | ~$1,923,738 | +8751.2% |
| 2028 | ~$66,818,316,821 | ~$106,799,440 | ~1.9488% | ~$2,081,350 | +83173.1% |
| 2029 | ~$628,632,845,147 | ~$117,479,384 | ~1.9163% | ~$2,251,247 | +783340.7% |
| 2030 | ~$5,914,235,389,297 | ~$129,227,322 | ~1.8837% | ~$2,434,310 | +7370582.2% |
| 2026 | ~$753,300,470 | ~$88,264,000 | ~2.0465% | ~$1,806,310 | +838.8% |
| 2027 | ~$7,072,053,813 | ~$97,090,400 | ~2.0465% | ~$1,986,940 | +8713.6% |
| 2028 | ~$66,393,088,990 | ~$106,799,440 | ~2.0465% | ~$2,185,635 | +82643.1% |
| 2029 | ~$623,304,400,981 | ~$117,479,384 | ~2.0465% | ~$2,404,198 | +776700.1% |
| 2030 | ~$5,851,638,810,476 | ~$129,227,322 | ~2.0465% | ~$2,644,618 | +7292570.5% |
| 2026 | ~$756,510,070 | ~$88,264,000 | ~1.9977% | ~$1,763,217 | +842.8% |
| 2027 | ~$7,132,446,235 | ~$97,090,400 | ~1.9488% | ~$1,892,136 | +8788.9% |
| 2028 | ~$67,245,356,425 | ~$106,799,440 | ~1.9000% | ~$2,029,207 | +83705.3% |
| 2029 | ~$633,995,379,986 | ~$117,479,384 | ~1.8512% | ~$2,174,771 | +790023.9% |
| 2030 | ~$5,977,366,515,861 | ~$129,227,322 | ~1.8024% | ~$2,329,156 | +7449260.1% |
In 2025, this property's market value of $80,240,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 154× 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 | $80,240,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $86,500,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $84,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $77,900,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $10,242 | $300,453 | $376,850 | $539,896 | ↓ Bottom 25% | 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.