1404 NORWALK LN 214 TX 78703
| Owner | PATEL PREM |
|---|---|
| Parcel ID | 0113060803 |
| Short ID | 112947 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 1,127 SF |
| Land SF | 35,524 SF |
| Acres | 0.816 |
| Year Built | 1981 |
| Legal | UNT 214 BLD A WESTFIELD CONDOMINIUMS AMENDED PLUS 4.98 % INT IN COM AREA |
| Neighborhood | X7S4C |
| Land | $22,866 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $22,866 |
| Improvement | $7,393,815 |
|---|---|
| Total Improvement | $7,393,815 |
| Market | $7,416,681 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,416,681 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,416,681 |
| Exemptions (−) (HS) | −$681,121 |
|---|---|
| Taxable Value | $6,735,560 |
Appreciation: Market value has risen +12.5% from $6,594,841 (2021) to $7,416,681 (2025), a CAGR of 3.0% over 4 years. Growth has been relatively flat for this asset class. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Residential parcel countywide rose +45.8%, so this parcel has lagged the broader residential 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 $137,842. Austin ISD is the largest single contributor, at 41.9% of the total 2025 levy.
Homestead Cap History: This property had an active homestead cap as recently as 2024 ($10,176,280, ~137.2% of market value at the time). The cap has since reset or expired. Verified clear — 2025 Certified Historical data from AJR 2021–2024 (Partial confidence). Current status confirmed by 2025 TCAD Certified Export.
Asset Class: Single-family residential. Buyer should verify which exemptions carry and which reset at sale. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 0% of market value ($22,866 land vs $7,393,815 improvements), about $1/SF of land. Most value sits in the improvements, so building condition, age (~45 yrs), and rent roll drive the underwriting.
Submarket Position: At $7,416,681, this parcel sits in the top quartile (≥75th percentile) of Residential property in Travis County — county median $479,535 (P25 $358,633 / P75 $737,055, n=318,609). Residential here is the broad TCAD category — every residential 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 +3.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,589,466 by 2030, with an estimated annual tax burden around $161,803. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,127 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 112947 | REEDY KURT | 1404 NORWALK LN 101 78703 | $398,000 | $398,000 | $398,000 |
| 112948 | BARANCIK DANIEL A & IVONNE B & | 1404 NORWALK LN 102 78703 | $275,000 | $275,000 | $220,000 |
| 112949 | DE LEON KRISTINA | 1404 NORWALK LN 103 78703 | $318,357 | $318,357 | $318,357 |
| 112950 | JAMESON ARLEN D & BETTY L CO- | 1404 NORWALK LN 104 78703 | $308,466 | $308,466 | $277,620 |
| 112951 | CALVERT NATHAN | 1404 NORWALK LN 105 78703 | $268,000 | $268,000 | $214,400 |
| 112952 | MOLINA JOSE E | 1404 NORWALK LN 106 78703 | $317,780 | $317,780 | $317,780 |
| 112953 | YILDIZ GOKHAN | 1404 NORWALK LN 107 78703 | $311,146 | $311,146 | $311,146 |
| 112954 | RODRIGUEZ DEANNA & JORGE GUTIERREZ | 1404 NORWALK LN 108 78703 | $223,123 | $223,123 | $223,123 |
| 112955 | BECERRA ENRIQUE P | 1404 NORWALK LN 109 78703 | $385,440 | $385,440 | $385,440 |
| 112956 | REMADNA NABIL BRENT | 1404 NORWALK LN 201 78703 | $330,290 | $330,290 | $264,232 |
| 112957 | STEPHENS KEITH W | 1404 NORWALK LN 202 78703 | $260,414 | $260,414 | $260,414 |
| 112958 | ZAK JUSTIN & HUI | 1404 NORWALK LN 203 78703 | $187,201 | $187,201 | $149,761 |
| 112959 | PASRICHA NEIL | 1404 NORWALK LN 204 78703 | $268,000 | $268,000 | $268,000 |
| 112960 | TANG TAO & LAURA YE | 1404 NORWALK LN 205 78703 | $276,898 | $276,898 | $221,518 |
| 112961 | DOYLE WILLIAM B & WILLIAM L & | 1404 NORWALK LN 206 78703 | $330,156 | $330,156 | $330,156 |
| 112962 | KINGSBERG FAMILY TRUST | 1404 NORWALK LN 207 78703 | $349,371 | $349,371 | $349,371 |
| 112963 | GAINTEL LLC | 1404 NORWALK LN 208 78703 | $349,371 | $349,371 | $349,371 |
| 112964 | TAYLOR TRAVIS | 1404 NORWALK LN 209 78703 | $349,371 | $349,371 | $349,371 |
| 112965 | MAHMOUD HASHIM M | 1404 NORWALK LN 210 78703 | $327,118 | $327,118 | $261,694 |
| 112966 | GUIDO LUIS E | 1404 NORWALK LN 211 78703 | $300,634 | $300,634 | $240,507 |
| 112967 | PHILLIPS MIKE & SUSAN | 1404 NORWALK LN 212 78703 | $230,000 | $230,000 | $230,000 |
| 112968 | SELESKY CARL & AMY | 1404 NORWALK LN 213 78703 | $217,000 | $217,000 | $217,000 |
| 112969 | PATEL PREM | 1404 NORWALK LN 214 78703 | $386,891 | $386,891 | $309,513 |
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% | $55,018.68 | $55,018.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $35,295.46 | $35,295.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $25,315.25 | $25,315.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,949.51 | $7,949.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,614.58 | $7,614.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $131,193.48 | $131,193.48 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,968,027 | $7,416,681 | -6.0% |
| Assessed Value | $6,968,027 | $7,416,681 | -6.0% |
| Land Value | $22,866 | $22,866 | +0.0% |
| Improvement Value | $6,945,161 | $7,393,815 | -6.1% |
| Taxable Value | $6,466,774 | $6,735,560 | -4.0% |
| Exemptions | HS | HS | |
| HS Cap Loss | — | -$10,176,280 (2024) | |
| Total Tax 2026 = estimate |
~$132,342
Estimated
|
~$131,193
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,387,279 | $6,968,027 | -419,252 (-5.7%) |
| Taxable Value | $6,846,318 | $6,466,774 | -379,544 (-5.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,968,027 | $22,866 | $6,945,161 | — | $6,968,027 | $6,466,774 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,416,681 | $22,866 | $7,393,815 | — | $7,416,681 | $6,735,560 | ~$131,193 | Partial |
| 2024 | $10,575,872 | — | — | −$10,553,006 | $22,866 | $— | $177,793 | Verified |
| 2023 | $9,562,554 | — | — | −$9,539,688 | $22,866 | $— | $164,075 | Verified |
| 2022 | $7,213,313 | — | — | −$4,975,142 | $2,238,171 | $— | $168,636 | Verified |
| 2021 | $6,594,841 | — | — | −$4,356,672 | $2,238,169 | $— | $149,382 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -28.2% | -15.4% | ~100% | Not available | Partial |
| 2024 | +1.7% | +10.0% | 84.8% | 1.7400% | Verified |
| 2023 | +8.5% | -14.9% | 78.4% | 1.5500% | Verified |
| 2022 | +37.7% | +37.7% | ~100% | 1.7500% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.0% | +3.3% | +4.3% | +32.6% | 2023 | -29.9% | 2025 |
| Assessment Ratio | 100.0% | 44.2% | — | 100.0% | 2025 | 0.2% | 2023 |
| Effective Tax Rate (2025) | 1.5100% | 1.5100% | — | 1.5100% | 2025 | 1.5100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$131,193 | $158,216 | ~$157,829 | $177,793 | 2024 | $131,193 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,637,670 | ~$7,637,670 | ~2.0139% | ~$153,818 | +3.0% |
| 2027 | ~$7,865,245 | ~$7,865,245 | ~1.9814% | ~$155,841 | +6.0% |
| 2028 | ~$8,099,600 | ~$8,099,600 | ~1.9488% | ~$157,848 | +9.2% |
| 2029 | ~$8,340,938 | ~$8,340,938 | ~1.9163% | ~$159,837 | +12.5% |
| 2030 | ~$8,589,466 | ~$8,589,466 | ~1.8837% | ~$161,803 | +15.8% |
| 2026 | ~$7,489,337 | ~$7,489,337 | ~2.0465% | ~$153,268 | +1.0% |
| 2027 | ~$7,562,704 | ~$7,562,704 | ~2.0465% | ~$154,770 | +2.0% |
| 2028 | ~$7,636,791 | ~$7,636,791 | ~2.0465% | ~$156,286 | +3.0% |
| 2029 | ~$7,711,603 | ~$7,711,603 | ~2.0465% | ~$157,817 | +4.0% |
| 2030 | ~$7,787,148 | ~$7,787,148 | ~2.0465% | ~$159,363 | +5.0% |
| 2026 | ~$7,786,004 | ~$7,786,004 | ~1.9977% | ~$155,538 | +5.0% |
| 2027 | ~$8,173,718 | ~$8,173,718 | ~1.9488% | ~$159,293 | +10.2% |
| 2028 | ~$8,580,739 | ~$8,580,739 | ~1.9000% | ~$163,035 | +15.7% |
| 2029 | ~$9,008,028 | ~$9,008,028 | ~1.8512% | ~$166,756 | +21.5% |
| 2030 | ~$9,456,594 | ~$9,456,594 | ~1.8024% | ~$170,443 | +27.5% |
In 2025, this property's market value of $7,416,681 places it in the top 25% for Residential properties in Travis County (318609 comparable) — 15× the county median of $479,535. Residential here is the broad TCAD category — every residential 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 | $7,416,681 | $358,633 | $479,535 | $737,055 | ↑ Top 25% | -6.4% |
| 2024 | $10,575,872 | $384,868 | $512,735 | $786,167 | ↑ Top 25% | -8.7% |
| 2023 | $9,562,554 | $424,496 | $565,716 | $845,447 | ↑ Top 25% | -2.1% |
| 2022 | $7,213,313 | $435,080 | $581,770 | $864,060 | ↑ Top 25% | +53.2% |
| 2021 | $6,594,841 | $239,232 | $328,865 | $488,922 | ↑ 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.