605 OAKLAND AVE TX 78703
| Owner | 605 OAKLAND AVENUE LLC |
|---|---|
| Parcel ID | 0108031102 |
| Short ID | 106725 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,183 SF |
| Land SF | 6,846 SF |
| Acres | 0.157 |
| Year Built | 1925 |
| Legal | LOT 16 BLK A OLT 3 DIV Z TERRACE PARK |
| Neighborhood | Z3005 |
| Land | $739,901 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $739,901 |
| Improvement | $300,106 |
|---|---|
| Total Improvement | $300,106 |
| Market | $1,040,007 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,040,007 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,040,007 |
| Taxable Value | $1,040,007 |
|---|
Appreciation: Market value has risen +56.4% from $665,000 (2021) to $1,040,007 (2025), a CAGR of 11.8% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $21,284. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 71% of market value ($739,901 land vs $300,106 improvements), about $108/SF of land. With value concentrated in the land under a ~101-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,040,007, 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 +11.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,818,882 by 2030, with an estimated annual tax burden around $31,552. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,183 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 501 SF | ✗ |
| 251 | BATHROOM | 1 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% | $9,622.14 | $9,622.14 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,449.81 | $5,449.81 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,908.81 | $3,908.81 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,227.45 | $1,227.45 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,075.37 | $1,075.37 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,283.58 | $21,283.58 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $857,658 | $1,040,007 | -17.5% |
| Assessed Value | $857,658 | $1,040,007 | -17.5% |
| Land Value | $767,305 | $739,901 | +3.7% |
| Improvement Value | $90,353 | $300,106 | -69.9% |
| Taxable Value | $857,658 | $1,040,007 | -17.5% |
| Total Tax 2026 = estimate |
~$17,552
Estimated
|
~$21,284
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $857,658 | $857,658 | +0 (+0.0%) |
| Taxable Value | $857,658 | $857,658 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $857,658 | $767,305 | $90,353 | — | $857,658 | $857,658 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,040,007 | $739,901 | $300,106 | — | $1,040,007 | $1,040,007 | ~$21,284 | Partial |
| 2024 | $1,116,698 | — | — | −$441,698 | $675,000 | $— | $21,987 | Verified |
| 2023 | $1,118,749 | — | — | −$443,749 | $675,000 | $— | $20,204 | Verified |
| 2022 | $731,947 | — | — | — | $750,000 ! | $— | $22,094 | Verified |
| 2021 | $665,000 | — | — | −$165,000 | $500,000 | $— | $15,932 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -17.5% | -17.5% | ~100% | Not available | Partial |
| 2025 | -6.3% | -6.3% | ~100% | Not available | Partial |
| 2024 | -0.7% | -0.7% | ~100% | 1.9800% | Verified |
| 2023 | -0.2% | -0.2% | ~100% | 1.8100% | Verified |
| 2022 | +52.8% | +52.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +42.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -17.5% | +7.7% | +16.6% | +52.8% | 2023 | -17.5% | 2026 |
| Assessment Ratio | 100.0% | 83.1% | — | 102.5% | 2022 | 60.3% | 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 |
$21,284 | $20,300 | ~$27,136 | $22,094 | 2022 | $15,932 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,163,027 | ~$1,144,008 | ~2.0139% | ~$23,040 | +11.8% |
| 2027 | ~$1,300,599 | ~$1,258,408 | ~1.9814% | ~$24,934 | +25.1% |
| 2028 | ~$1,454,445 | ~$1,384,249 | ~1.9488% | ~$26,977 | +39.8% |
| 2029 | ~$1,626,488 | ~$1,522,674 | ~1.9163% | ~$29,179 | +56.4% |
| 2030 | ~$1,818,882 | ~$1,674,942 | ~1.8837% | ~$31,552 | +74.9% |
| 2026 | ~$1,142,227 | ~$1,142,227 | ~2.0465% | ~$23,376 | +9.8% |
| 2027 | ~$1,254,494 | ~$1,254,494 | ~2.0465% | ~$25,673 | +20.6% |
| 2028 | ~$1,377,796 | ~$1,377,796 | ~2.0465% | ~$28,196 | +32.5% |
| 2029 | ~$1,513,217 | ~$1,513,217 | ~2.0465% | ~$30,968 | +45.5% |
| 2030 | ~$1,661,948 | ~$1,661,948 | ~2.0465% | ~$34,012 | +59.8% |
| 2026 | ~$1,183,827 | ~$1,144,008 | ~1.9977% | ~$22,853 | +13.8% |
| 2027 | ~$1,347,537 | ~$1,258,408 | ~1.9488% | ~$24,524 | +29.6% |
| 2028 | ~$1,533,885 | ~$1,384,249 | ~1.9000% | ~$26,301 | +47.5% |
| 2029 | ~$1,746,002 | ~$1,522,674 | ~1.8512% | ~$28,188 | +67.9% |
| 2030 | ~$1,987,454 | ~$1,674,942 | ~1.8024% | ~$30,189 | +91.1% |
In 2025, this property's market value of $1,040,007 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +100% 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 | $1,040,007 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,116,698 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,118,749 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $731,947 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $665,000 | $300,453 | $376,850 | $539,896 | ↑ Top 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.