1703 SUMMIT VIEW TX 78703
| Owner | SUMMIT VIEW REALTY PARTNERSHIP LLC |
|---|---|
| Parcel ID | 0112020706 |
| Short ID | 112153 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,944 SF |
| Land SF | 11,571 SF |
| Acres | 0.266 |
| Year Built | 1950 |
| Legal | LOT 78 ENFIELD C |
| Neighborhood | Z320005 |
| Land | $958,922 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $958,922 |
| Improvement | $396,778 |
|---|---|
| Total Improvement | $396,778 |
| Market | $1,355,700 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,355,700 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,355,700 |
| Taxable Value | $1,355,700 |
|---|
Appreciation: Market value has risen +52.0% from $892,009 (2021) to $1,355,700 (2025), a CAGR of 11.0% 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 $27,744. 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 71% of market value ($958,922 land vs $396,778 improvements), about $83/SF of land. With value concentrated in the land under a ~76-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 $1,355,700, 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 +11.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,287,739 by 2030, with an estimated annual tax burden around $41,129. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,944 SF | ✗ |
| 1ST | 1st Floor | 1,972 SF | ✓ |
| 2ND | 2nd Floor | 1,972 SF | ✓ |
| 051 | CARPORT DET 1ST | 648 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 200 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 39 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
Market value changed by 106% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $12,542.94 | $12,542.94 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,104.10 | $7,104.10 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,095.33 | $5,095.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,600.04 | $1,600.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,401.79 | $1,401.79 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,744.20 | $27,744.20 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,656,905 | $1,355,700 | +22.2% |
| Assessed Value | $1,656,905 | $1,355,700 | +22.2% |
| Land Value | $1,157,126 | $958,922 | +20.7% |
| Improvement Value | $499,779 | $396,778 | +26.0% |
| Taxable Value | $1,656,905 | $1,355,700 | +22.2% |
| Total Tax 2026 = estimate |
~$33,908
Estimated
|
~$27,744
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,656,905 | $1,656,905 | +0 (+0.0%) |
| Taxable Value | $1,656,905 | $1,656,905 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,656,905 | $1,157,126 | $499,779 | — | $1,656,905 | $1,656,905 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,355,700 | $958,922 | $396,778 | — | $1,355,700 | $1,355,700 | ~$27,744 | Partial |
| 2024 | $1,854,894 | — | — | −$954,894 | $900,000 | $— | $27,768 | Verified |
| 2023 | $1,962,708 | — | — | −$712,708 | $1,250,000 | $— | $33,560 | Verified |
| 2022 | $1,029,000 | — | — | — | $1,250,000 ! | $— | $38,762 | Verified |
| 2021 | $892,009 | — | — | −$142,009 | $750,000 | $— | $22,398 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.2% | +22.2% | ~100% | Not available | Partial |
| 2025 | -3.2% | -3.2% | ~100% | Not available | Partial |
| 2024 | -24.5% | -24.5% | ~100% | 1.9800% | Verified |
| 2023 | -12.5% | -12.5% | ~100% | 1.8100% | Verified |
| 2022 | +106.1% ! | +106.1% | ~100% | 1.8300% | Verified |
| 2021 | base year | — | ~100% | 2.5100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +22.2% | +19.2% | +7.0% | +90.7% | 2023 | -26.9% | 2025 |
| Assessment Ratio | 100.0% | 86.3% | — | 121.5% | 2022 | 48.5% | 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 |
$27,744 | $30,046 | ~$35,373 | $38,762 | 2022 | $22,398 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,505,262 | ~$1,491,270 | ~2.0139% | ~$30,033 | +11.0% |
| 2027 | ~$1,671,324 | ~$1,640,397 | ~1.9814% | ~$32,503 | +23.3% |
| 2028 | ~$1,855,707 | ~$1,804,437 | ~1.9488% | ~$35,166 | +36.9% |
| 2029 | ~$2,060,430 | ~$1,984,880 | ~1.9163% | ~$38,036 | +52.0% |
| 2030 | ~$2,287,739 | ~$2,183,368 | ~1.8837% | ~$41,129 | +68.7% |
| 2026 | ~$1,478,148 | ~$1,478,148 | ~2.0465% | ~$30,250 | +9.0% |
| 2027 | ~$1,611,656 | ~$1,611,656 | ~2.0465% | ~$32,982 | +18.9% |
| 2028 | ~$1,757,223 | ~$1,757,223 | ~2.0465% | ~$35,961 | +29.6% |
| 2029 | ~$1,915,937 | ~$1,915,937 | ~2.0465% | ~$39,209 | +41.3% |
| 2030 | ~$2,088,987 | ~$2,088,987 | ~2.0465% | ~$42,751 | +54.1% |
| 2026 | ~$1,532,376 | ~$1,491,270 | ~1.9977% | ~$29,791 | +13.0% |
| 2027 | ~$1,732,077 | ~$1,640,397 | ~1.9488% | ~$31,969 | +27.8% |
| 2028 | ~$1,957,803 | ~$1,804,437 | ~1.9000% | ~$34,285 | +44.4% |
| 2029 | ~$2,212,947 | ~$1,984,880 | ~1.8512% | ~$36,744 | +63.2% |
| 2030 | ~$2,501,340 | ~$2,183,368 | ~1.8024% | ~$39,352 | +84.5% |
In 2025, this property's market value of $1,355,700 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +161% 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 | $1,355,700 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,854,894 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,962,708 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,029,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $892,009 | $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.