1114 W 7 ST TX 78703
| Owner | WILLIAMS EVAN MICHAEL ETAL |
|---|---|
| Parcel ID | 0109010424 |
| Short ID | 106946 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 6,930 SF |
| Land SF | 17,500 SF |
| Acres | 0.402 |
| Year Built | 1968 |
| Legal | LOT 17&18 BLK A OLT 2 DIV Z RAYMOND SUBD |
| Neighborhood | 05CEN |
| Land | $2,362,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,362,500 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,855,700 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,855,700 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,855,700 |
| Taxable Value | $1,855,700 |
|---|
Appreciation: Market value has risen +17.8% from $1,575,001 (2021) to $1,855,700 (2025), a CAGR of 4.2% over 4 years. This represents moderate, steady growth. 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 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 $37,977. 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 127% of market value ($2,362,500 land vs $0 improvements), about $135/SF of land. With value concentrated in the land under a ~58-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 $1,855,700, 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 +4.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,277,936 by 2030, with an estimated annual tax burden around $42,910. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 5,433 SF | ✓ |
| 551 | PAVED AREA | 3,500 SF | ✗ |
| 591 | MASONRY TRIM SF | 1,750 SF | ✗ |
| 2ND | 2nd Floor | 1,497 SF | ✓ |
| 611 | TERRACE | 1,212 SF | ✗ |
| 581C | STORAGE ATT COMM | 156 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 98 SF | ✗ |
| 511 | DECK | 33 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 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% | $17,168.94 | $17,168.94 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,724.18 | $9,724.18 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,974.56 | $6,974.56 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,190.15 | $2,190.15 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,918.79 | $1,918.79 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $37,976.62 | $37,976.62 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,855,700 | $1,855,700 | +0.0% |
| Assessed Value | $1,855,700 | $1,855,700 | +0.0% |
| Land Value | $2,625,000 | $2,362,500 | +11.1% |
| Improvement Value | — | — | — |
| Taxable Value | $1,855,700 | $1,855,700 | +0.0% |
| Total Tax 2026 = estimate |
~$37,977
Estimated
|
~$37,977
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,705,865 | $1,855,700 | -850,165 (-31.4%) |
| Taxable Value | $2,705,865 | $1,855,700 | -850,165 (-31.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,855,700 | $2,625,000 | — | — | $1,855,700 | $1,855,700 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,855,700 | $2,362,500 | — | — | $1,855,700 | $1,855,700 | ~$37,977 | Partial |
| 2024 | $2,362,501 | — | — | −$506,801 | $1,855,700 | $— | $36,777 | Verified |
| 2023 | $1,575,001 | — | — | — | $2,362,500 ! | $— | $42,743 | Verified |
| 2022 | $1,575,001 | — | — | −$1 | $1,575,000 | $— | $31,105 | Verified |
| 2021 | $1,575,001 | — | — | −$1 | $1,575,000 | $— | $34,283 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +45.8% | +45.8% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -29.4% | -29.4% | ~100% | 1.9800% | Verified |
| 2023 | +66.8% | +66.8% | ~100% | 1.6300% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +17.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +5.7% | +4.2% | +50.0% | 2024 | -21.5% | 2025 |
| Assessment Ratio | 100.0% | 104.8% | — | 150.0% | 2023 | 78.5% | 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 |
$37,977 | $36,577 | ~$40,911 | $42,743 | 2023 | $31,105 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,933,368 | ~$1,933,368 | ~2.0139% | ~$38,937 | +4.2% |
| 2027 | ~$2,014,286 | ~$2,014,286 | ~1.9814% | ~$39,911 | +8.5% |
| 2028 | ~$2,098,592 | ~$2,098,592 | ~1.9488% | ~$40,898 | +13.1% |
| 2029 | ~$2,186,426 | ~$2,186,426 | ~1.9163% | ~$41,898 | +17.8% |
| 2030 | ~$2,277,936 | ~$2,277,936 | ~1.8837% | ~$42,910 | +22.8% |
| 2026 | ~$1,896,254 | ~$1,896,254 | ~2.0465% | ~$38,807 | +2.2% |
| 2027 | ~$1,937,694 | ~$1,937,694 | ~2.0465% | ~$39,655 | +4.4% |
| 2028 | ~$1,980,040 | ~$1,980,040 | ~2.0465% | ~$40,521 | +6.7% |
| 2029 | ~$2,023,311 | ~$2,023,311 | ~2.0465% | ~$41,407 | +9.0% |
| 2030 | ~$2,067,528 | ~$2,067,528 | ~2.0465% | ~$42,312 | +11.4% |
| 2026 | ~$1,970,482 | ~$1,970,482 | ~1.9977% | ~$39,364 | +6.2% |
| 2027 | ~$2,092,363 | ~$2,092,363 | ~1.9488% | ~$40,777 | +12.8% |
| 2028 | ~$2,221,784 | ~$2,221,784 | ~1.9000% | ~$42,214 | +19.7% |
| 2029 | ~$2,359,209 | ~$2,359,209 | ~1.8512% | ~$43,674 | +27.1% |
| 2030 | ~$2,505,135 | ~$2,505,135 | ~1.8024% | ~$45,152 | +35.0% |
In 2025, this property's market value of $1,855,700 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× 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 | $1,855,700 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,362,501 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,575,001 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,575,001 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,575,001 | $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.