1511 W 10 ST TX
| Owner | MITCHELL CODY JAMES |
|---|---|
| Parcel ID | 0110020602 |
| Short ID | 109245 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,360 SF |
| Land SF | 15,599 SF |
| Acres | 0.358 |
| Year Built | 1955 |
| Legal | 189.5 X 225 FT OLT 4 DIVISION Z |
| Neighborhood | Z3005 |
| Land | $1,072,457 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,072,457 |
| Improvement | $76,048 |
|---|---|
| Total Improvement | $76,048 |
| Market | $1,148,505 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,148,505 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,148,505 |
| Taxable Value | $1,148,505 |
|---|
Appreciation: Market value has fallen -49.1% from $2,257,269 (2021) to $1,148,505 (2025), a CAGR of -15.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $23,504. 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 93% of market value ($1,072,457 land vs $76,048 improvements), about $69/SF of land. With value concentrated in the land under a ~71-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 $1,148,505, 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 -15.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $493,537 by 2030, with an estimated annual tax burden around $9,297. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 1,360 SF | ✓ |
| 051 | CARPORT DET 1ST | 396 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 121 SF | ✗ |
| 581 | STORAGE ATT | 88 SF | ✓ |
| 251 | BATHROOM | 2 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% | $10,625.97 | $10,625.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,018.36 | $6,018.36 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,316.60 | $4,316.60 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,355.50 | $1,355.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,187.55 | $1,187.55 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,503.98 | $23,503.98 | Paid |
| 2026 Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | — | $1,148,505 | — |
| Assessed Value | — | $1,148,505 | — |
| Land Value | — | $1,072,457 | — |
| Improvement Value | — | $76,048 | — |
| Taxable Value | — | $1,148,505 | — |
| Total Tax | Pending certification |
~$23,504
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,148,505 | $1,072,457 | $76,048 | — | $1,148,505 | $1,148,505 | ~$23,504 | Partial |
| 2024 | $4,487,921 | — | — | −$3,437,921 | $1,050,000 | $— | $27,461 | Verified |
| 2023 | $4,487,921 | — | — | −$1,112,921 | $3,375,000 | $— | $81,198 | Verified |
| 2022 | $2,950,002 | — | — | — | $3,375,000 ! | $— | $88,633 | Verified |
| 2021 | $2,257,269 | — | — | −$7,269 | $2,250,000 | $— | $64,212 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2025 | -17.1% | -17.1% | ~100% | Not available | Partial |
| 2024 | -69.1% | -69.1% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +52.1% | +52.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.8400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -61.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -74.4% | +2.1% | -15.5% | +52.1% | 2023 | -74.4% | 2025 |
| Assessment Ratio | 100.0% | 82.5% | — | 114.4% | 2022 | 23.4% | 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 |
$23,504 | $57,001 | ~$13,949 | $88,633 | 2022 | $23,504 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$969,997 | ~$969,997 | ~2.0139% | ~$19,535 | -15.5% |
| 2027 | ~$819,233 | ~$819,233 | ~1.9814% | ~$16,232 | -28.7% |
| 2028 | ~$691,903 | ~$691,903 | ~1.9488% | ~$13,484 | -39.8% |
| 2029 | ~$584,363 | ~$584,363 | ~1.9163% | ~$11,198 | -49.1% |
| 2030 | ~$493,537 | ~$493,537 | ~1.8837% | ~$9,297 | -57.0% |
| 2026 | ~$1,091,080 | ~$1,091,080 | ~2.0465% | ~$22,329 | -5.0% |
| 2027 | ~$1,036,526 | ~$1,036,526 | ~2.0465% | ~$21,212 | -9.7% |
| 2028 | ~$984,699 | ~$984,699 | ~2.0465% | ~$20,152 | -14.3% |
| 2029 | ~$935,465 | ~$935,465 | ~2.0465% | ~$19,144 | -18.5% |
| 2030 | ~$888,691 | ~$888,691 | ~2.0465% | ~$18,187 | -22.6% |
| 2026 | ~$992,967 | ~$992,967 | ~1.9977% | ~$19,836 | -13.5% |
| 2027 | ~$858,493 | ~$858,493 | ~1.9488% | ~$16,731 | -25.3% |
| 2028 | ~$742,230 | ~$742,230 | ~1.9000% | ~$14,102 | -35.4% |
| 2029 | ~$641,712 | ~$641,712 | ~1.8512% | ~$11,879 | -44.1% |
| 2030 | ~$554,807 | ~$554,807 | ~1.8024% | ~$10,000 | -51.7% |
In 2025, this property's market value of $1,148,505 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +121% 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 | $1,148,505 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $4,487,921 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $4,487,921 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,950,002 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,257,269 | $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.