2201 LEON ST TX 78705
| Owner | WATERLOO MULTIPLEX PROPERTIES LLC |
|---|---|
| Parcel ID | 0113000819 |
| Short ID | 112454 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 2,288 SF |
| Land SF | 6,750 SF |
| Acres | 0.155 |
| Year Built | 1956 |
| Legal | LOT 9 OLT 31 DIV D PETERSON SUBD |
| Neighborhood | 05WC1 |
| Land | $1,012,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,012,500 |
| Improvement | $21,968 |
|---|---|
| Total Improvement | $21,968 |
| Market | $1,034,468 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,034,468 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,034,468 |
| Taxable Value | $1,034,468 |
|---|
Appreciation: Market value has risen +58.6% from $652,080 (2021) to $1,034,468 (2025), a CAGR of 12.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $21,170. 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 ($1,012,500 land vs $21,968 improvements), about $150/SF of land. With value concentrated in the land under a ~70-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 $1,034,468, 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 +12.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,841,778 by 2030, with an estimated annual tax burden around $31,384. 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 | 2,000 SF | ✓ |
| SO | Sketch Only | 780 SF | ✗ |
| 2ND | 2nd Floor | 288 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 288 SF | ✗ |
| 871 | OBS WALL FURN | 35 SF | ✓ |
| 251 | BATHROOM | 5 SF | ✓ |
| 299 | ALL FLAT VALUE | 2 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 619 | TERRACE FV | 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% | $9,570.90 | $9,570.90 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,420.79 | $5,420.79 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,888.00 | $3,888.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,220.91 | $1,220.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,069.64 | $1,069.64 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,170.24 | $21,170.24 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,035,308 | $1,034,468 | +0.1% |
| Assessed Value | $1,035,308 | $1,034,468 | +0.1% |
| Land Value | $1,012,500 | $1,012,500 | +0.0% |
| Improvement Value | $22,808 | $21,968 | +3.8% |
| Taxable Value | $1,035,308 | $1,034,468 | +0.1% |
| Total Tax 2026 = estimate |
~$21,187
Estimated
|
~$21,170
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,035,308 | $1,035,308 | +0 (+0.0%) |
| Taxable Value | $1,035,308 | $1,035,308 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,035,308 | $1,012,500 | $22,808 | — | $1,035,308 | $1,035,308 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,034,468 | $1,012,500 | $21,968 | — | $1,034,468 | $1,034,468 | ~$21,170 | Partial |
| 2024 | $900,000 | — | — | — | $1,012,500 ! | $— | $20,908 | Verified |
| 2023 | $697,840 | — | — | — | $900,000 ! | $— | $16,283 | Verified |
| 2022 | $652,080 | — | — | −$112,080 | $540,000 | $— | $13,782 | Verified |
| 2021 | $652,080 | — | — | −$112,080 | $540,000 | $— | $14,194 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2025 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2024 | +17.2% | +17.2% | ~100% | 1.9800% | Verified |
| 2023 | +29.0% | +29.0% | ~100% | 1.8100% | Verified |
| 2022 | +7.0% | +7.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +58.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +10.2% | +12.2% | +29.0% | 2024 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 101.2% | — | 129.0% | 2023 | 82.8% | 2021 |
| 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 |
$21,170 | $17,267 | ~$26,992 | $21,170 | 2025 | $13,782 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,160,970 | ~$1,137,915 | ~2.0139% | ~$22,917 | +12.2% |
| 2027 | ~$1,302,942 | ~$1,251,706 | ~1.9814% | ~$24,801 | +26.0% |
| 2028 | ~$1,462,275 | ~$1,376,877 | ~1.9488% | ~$26,833 | +41.4% |
| 2029 | ~$1,641,093 | ~$1,514,565 | ~1.9163% | ~$29,023 | +58.6% |
| 2030 | ~$1,841,778 | ~$1,666,021 | ~1.8837% | ~$31,384 | +78.0% |
| 2026 | ~$1,140,281 | ~$1,137,915 | ~2.0465% | ~$23,287 | +10.2% |
| 2027 | ~$1,256,917 | ~$1,251,706 | ~2.0465% | ~$25,616 | +21.5% |
| 2028 | ~$1,385,484 | ~$1,376,877 | ~2.0465% | ~$28,178 | +33.9% |
| 2029 | ~$1,527,201 | ~$1,514,565 | ~2.0465% | ~$30,995 | +47.6% |
| 2030 | ~$1,683,414 | ~$1,666,021 | ~2.0465% | ~$34,095 | +62.7% |
| 2026 | ~$1,181,660 | ~$1,137,915 | ~1.9977% | ~$22,732 | +14.2% |
| 2027 | ~$1,349,795 | ~$1,251,706 | ~1.9488% | ~$24,394 | +30.5% |
| 2028 | ~$1,541,853 | ~$1,376,877 | ~1.9000% | ~$26,161 | +49.0% |
| 2029 | ~$1,761,240 | ~$1,514,565 | ~1.8512% | ~$28,038 | +70.3% |
| 2030 | ~$2,011,842 | ~$1,666,021 | ~1.8024% | ~$30,028 | +94.5% |
In 2025, this property's market value of $1,034,468 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +99% 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 | $1,034,468 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $900,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $697,840 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $652,080 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $652,080 | $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.