1401 LORRAIN ST TX 78703
| Owner | WOOLLETT FAMILY LIMITED PARTNERSHIP NO 1 |
|---|---|
| Parcel ID | 0110010716 |
| Short ID | 109068 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 6,264 SF |
| Land SF | 20,106 SF |
| Acres | 0.462 |
| Year Built | 1948 |
| Legal | LOT 9 OLT 7 DIV Z ENFIELD A |
| Neighborhood | 05CEN |
| Land | $3,015,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,015,900 |
| Improvement | $70,018 |
|---|---|
| Total Improvement | $70,018 |
| Market | $3,085,918 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,085,918 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,085,918 |
| Taxable Value | $3,085,918 |
|---|
Appreciation: Market value has risen +81.8% from $1,697,167 (2021) to $3,085,918 (2025), a CAGR of 16.1% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $63,153. 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 98% of market value ($3,015,900 land vs $70,018 improvements), about $150/SF of land. With value concentrated in the land under a ~78-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 $3,085,918, 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 +16.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,515,671 by 2030, with an estimated annual tax burden around $93,620. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 3,408 SF | ✓ |
| 1ST | 1st Floor | 2,856 SF | ✓ |
| 551 | PAVED AREA | 2,500 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 816 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 552 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 480 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $28,550.91 | $28,550.91 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,170.73 | $16,170.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,598.27 | $11,598.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,642.09 | $3,642.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,190.84 | $3,190.84 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $63,152.84 | $63,152.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,485,300 | $3,085,918 | -19.5% |
| Assessed Value | $2,485,300 | $3,085,918 | -19.5% |
| Land Value | $3,015,900 | $3,015,900 | +0.0% |
| Improvement Value | — | $70,018 | — |
| Taxable Value | $2,485,300 | $3,085,918 | -19.5% |
| Total Tax 2026 = estimate |
~$50,861
Estimated
|
~$63,153
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,088,480 | $2,485,300 | -603,180 (-19.5%) |
| Taxable Value | $3,088,480 | $2,485,300 | -603,180 (-19.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,485,300 | $3,015,900 | — | — | $2,485,300 | $2,485,300 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,085,918 | $3,015,900 | $70,018 | — | $3,085,918 | $3,085,918 | ~$63,153 | Partial |
| 2024 | $2,823,030 | — | — | −$56,090 | $2,766,940 | $— | $54,836 | Verified |
| 2023 | $1,717,200 | — | — | — | $2,823,030 ! | $— | $51,076 | Verified |
| 2022 | $1,706,100 | — | — | −$97,620 | $1,608,480 | $— | $33,913 | Verified |
| 2021 | $1,697,167 | — | — | −$88,687 | $1,608,480 | $— | $37,136 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2025 | +11.5% | +11.5% | ~100% | Not available | Partial |
| 2024 | -2.0% | -2.0% | ~100% | 1.9800% | Verified |
| 2023 | +64.4% | +64.4% | ~100% | 1.8100% | Verified |
| 2022 | +0.7% | +0.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +80.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.5% | +11.1% | +21.7% | +64.4% | 2024 | -19.5% | 2026 |
| Assessment Ratio | 100.0% | 108.6% | — | 164.4% | 2023 | 94.3% | 2022 |
| 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 |
$63,153 | $48,023 | ~$80,519 | $63,153 | 2025 | $33,913 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,583,433 | ~$3,394,510 | ~2.0139% | ~$68,363 | +16.1% |
| 2027 | ~$4,161,159 | ~$3,733,961 | ~1.9814% | ~$73,984 | +34.8% |
| 2028 | ~$4,832,026 | ~$4,107,357 | ~1.9488% | ~$80,046 | +56.6% |
| 2029 | ~$5,611,051 | ~$4,518,093 | ~1.9163% | ~$86,580 | +81.8% |
| 2030 | ~$6,515,671 | ~$4,969,902 | ~1.8837% | ~$93,620 | +111.1% |
| 2026 | ~$3,521,715 | ~$3,394,510 | ~2.0465% | ~$69,468 | +14.1% |
| 2027 | ~$4,019,056 | ~$3,733,961 | ~2.0465% | ~$76,415 | +30.2% |
| 2028 | ~$4,586,632 | ~$4,107,357 | ~2.0465% | ~$84,056 | +48.6% |
| 2029 | ~$5,234,361 | ~$4,518,093 | ~2.0465% | ~$92,462 | +69.6% |
| 2030 | ~$5,973,564 | ~$4,969,902 | ~2.0465% | ~$101,708 | +93.6% |
| 2026 | ~$3,645,152 | ~$3,394,510 | ~1.9977% | ~$67,811 | +18.1% |
| 2027 | ~$4,305,730 | ~$3,733,961 | ~1.9488% | ~$72,769 | +39.5% |
| 2028 | ~$5,086,020 | ~$4,107,357 | ~1.9000% | ~$78,040 | +64.8% |
| 2029 | ~$6,007,715 | ~$4,518,093 | ~1.8512% | ~$83,639 | +94.7% |
| 2030 | ~$7,096,440 | ~$4,969,902 | ~1.8024% | ~$89,576 | +130.0% |
In 2025, this property's market value of $3,085,918 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 6× 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 | $3,085,918 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,823,030 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,717,200 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,706,100 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,697,167 | $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.