2326 HARTFORD RD AUSTIN, TX 78703
| Owner | KAMALPOUR MAJID ETAL |
|---|---|
| Parcel ID | 0114030403 |
| Short ID | 113979 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,366 SF |
| Land SF | 13,869 SF |
| Acres | 0.318 |
| Year Built | 1958 |
| Legal | LOT 39 SUNSET HILL ENFIELD 2 |
| Neighborhood | Z320005 |
| Land | $1,138,039 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,138,039 |
| Improvement | $351,779 |
|---|---|
| Total Improvement | $351,779 |
| Market | $1,489,818 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,489,818 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,489,818 |
| Taxable Value | $1,489,818 |
|---|
Appreciation: Market value has risen +116.9% from $686,831 (2021) to $1,489,818 (2025), a CAGR of 21.4% 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 $30,489. 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 76% of market value ($1,138,039 land vs $351,779 improvements), about $82/SF of land. With value concentrated in the land under a ~68-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 $1,489,818, 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 +21.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,921,817 by 2030, with an estimated annual tax burden around $45,198. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,366 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,366 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 470 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 395 SF | ✗ |
| 581 | STORAGE ATT | 42 SF | ✓ |
| 252 | BEDROOMS | 4 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
Market value changed by 162% 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% | $13,783.80 | $13,783.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,806.90 | $7,806.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,599.41 | $5,599.41 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,758.33 | $1,758.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,540.47 | $1,540.47 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,488.91 | $30,488.91 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,741,000 | $1,489,818 | +16.9% |
| Assessed Value | $1,741,000 | $1,489,818 | +16.9% |
| Land Value | $1,386,924 | $1,138,039 | +21.9% |
| Improvement Value | $354,076 | $351,779 | +0.7% |
| Taxable Value | $1,741,000 | $1,489,818 | +16.9% |
| Total Tax 2026 = estimate |
~$35,629
Estimated
|
~$30,489
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,742,622 | $1,741,000 | -1,622 (-0.1%) |
| Taxable Value | $1,742,622 | $1,741,000 | -1,622 (-0.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,741,000 | $1,386,924 | $354,076 | — | $1,741,000 | $1,741,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,489,818 | $1,138,039 | $351,779 | — | $1,489,818 | $1,489,818 | ~$30,489 | Partial |
| 2024 | $1,972,616 | — | — | −$847,616 | $1,125,000 | $— | $31,304 | Verified |
| 2023 | $2,179,570 | — | — | −$829,570 | $1,350,000 | $— | $35,689 | Verified |
| 2022 | $831,377 | — | — | — | $1,350,000 ! | $— | $43,045 | Verified |
| 2021 | $686,831 | — | — | −$144,131 | $542,700 | $— | $18,096 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +17.0% | +17.0% | ~100% | Not available | Partial |
| 2025 | -5.7% | -5.7% | ~100% | Not available | Partial |
| 2024 | -24.2% | -24.2% | ~100% | 1.9800% | Verified |
| 2023 | -4.3% | -4.3% | ~100% | 1.7100% | Verified |
| 2022 | +162.2% ! | +162.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +79.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +16.9% | +33.2% | +17.9% | +162.2% | 2023 | -24.5% | 2025 |
| Assessment Ratio | 100.0% | 93.4% | — | 162.4% | 2022 | 57.0% | 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 |
$30,489 | $31,725 | ~$38,873 | $43,045 | 2022 | $18,096 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,808,023 | ~$1,638,800 | ~2.0139% | ~$33,004 | +21.4% |
| 2027 | ~$2,194,193 | ~$1,802,680 | ~1.9814% | ~$35,718 | +47.3% |
| 2028 | ~$2,662,844 | ~$1,982,948 | ~1.9488% | ~$38,644 | +78.7% |
| 2029 | ~$3,231,592 | ~$2,181,243 | ~1.9163% | ~$41,799 | +116.9% |
| 2030 | ~$3,921,817 | ~$2,399,367 | ~1.8837% | ~$45,198 | +163.2% |
| 2026 | ~$1,778,227 | ~$1,638,800 | ~2.0465% | ~$33,538 | +19.4% |
| 2027 | ~$2,122,468 | ~$1,802,680 | ~2.0465% | ~$36,892 | +42.5% |
| 2028 | ~$2,533,350 | ~$1,982,948 | ~2.0465% | ~$40,581 | +70.0% |
| 2029 | ~$3,023,773 | ~$2,181,243 | ~2.0465% | ~$44,639 | +103.0% |
| 2030 | ~$3,609,136 | ~$2,399,367 | ~2.0465% | ~$49,103 | +142.3% |
| 2026 | ~$1,837,820 | ~$1,638,800 | ~1.9977% | ~$32,738 | +23.4% |
| 2027 | ~$2,267,110 | ~$1,802,680 | ~1.9488% | ~$35,131 | +52.2% |
| 2028 | ~$2,796,677 | ~$1,982,948 | ~1.9000% | ~$37,676 | +87.7% |
| 2029 | ~$3,449,944 | ~$2,181,243 | ~1.8512% | ~$40,379 | +131.6% |
| 2030 | ~$4,255,805 | ~$2,399,367 | ~1.8024% | ~$43,246 | +185.7% |
In 2025, this property's market value of $1,489,818 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +187% 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 | $1,489,818 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,972,616 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,179,570 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $831,377 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $686,831 | $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.