2508 WESTLAKE DR TX 78746
| Owner | DEPWE ROBERT L |
|---|---|
| Parcel ID | 0121090305 |
| Short ID | 120974 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,464 SF |
| Land SF | 56,454 SF |
| Acres | 1.296 |
| Year Built | 1952 |
| Legal | W1/2 OF LOT 37 & 40X100'OF ABD ROAD & W116.18 OF S36.45 OF LOT 39 & W116.0 OF LOT 38 PLUS 40X136.55 ADJ ABD ROAD LAKE SHORE ADDN |
| Neighborhood | M5705 |
| Land | $1,107,269 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,107,269 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,047,702 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,047,702 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,047,702 |
| Taxable Value | $1,047,702 |
|---|
Appreciation: Market value has risen +64.1% from $638,428 (2021) to $1,047,702 (2025), a CAGR of 13.2% 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 6 taxing entities is 2.0293% in 2025 (+0.0415% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $21,261. Eanes ISD is the largest single contributor, at 56.3% 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 106% of market value ($1,107,269 land vs $0 improvements), about $20/SF of land. With value concentrated in the land under a ~74-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 $1,047,702, 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 +13.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,946,010 by 2030, with an estimated annual tax burden around $29,449. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,464 SF | ✗ |
| 2ND | 2nd Floor | 1,408 SF | ✓ |
| 1ST | 1st Floor | 1,056 SF | ✓ |
| 571 | STORAGE DET | 620 SF | ✓ |
| 630 | PORCH CLOS FIN | 196 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 112 SF | ✗ |
| 512 | DECK UNCOVRED | 40 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IEA Eanes ISD | 1.0608% | 1.0046% | 0.8880% | 0.8855% | 0.8322% | -0.0533% | $8,718.98 | $8,718.98 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,937.74 | $3,937.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,236.53 | $1,236.53 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $768.62 | $768.62 | Paid |
| E09 Travis County ESD # 09 | 0.0807% | 0.0726% | 0.0735% | 0.0710% | 0.0758% | +0.0048% | $682.98 | $682.98 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $151.67 | $151.67 | Paid |
| Combined Rate | 2.2565% | 2.0555% | 1.9112% | 1.9878% | 2.0293% | +0.0415% | $15,496.52 | $15,496.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $914,906 | $1,047,702 | -12.7% |
| Assessed Value | $914,906 | $1,047,702 | -12.7% |
| Land Value | $914,905 | $1,107,269 | -17.4% |
| Improvement Value | $1 | — | — |
| Taxable Value | $914,906 | $1,047,702 | -12.7% |
| Total Tax 2026 = estimate |
~$18,566
Estimated
|
~$15,497
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,032,089 | $914,906 | -117,183 (-11.4%) |
| Taxable Value | $1,032,089 | $914,906 | -117,183 (-11.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $914,906 | $914,905 | $1 | — | $914,906 | $914,906 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,047,702 | $1,107,269 | — | — | $1,047,702 | $1,047,702 | ~$15,497 | Partial |
| 2024 | $868,642 | — | — | — | $1,000,000 ! | $— | $15,998 | Verified |
| 2023 | $987,430 | — | — | −$118,788 | $868,642 | $— | $12,446 | Verified |
| 2022 | $676,000 | — | — | — | $987,430 ! | $— | $15,429 | Verified |
| 2021 | $638,428 | — | — | −$75,928 | $562,500 | $— | $11,333 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.5% | -1.5% | ~100% | Not available | Partial |
| 2025 | -3.4% | -3.4% | ~100% | Not available | Partial |
| 2024 | +24.9% | +24.9% | ~100% | 1.4700% | Verified |
| 2023 | -12.0% | -12.0% | ~100% | 1.4300% | Verified |
| 2022 | +34.3% | +34.3% | ~100% | 1.5600% | Verified |
| 2021 | base year | — | ~100% | 1.7800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +42.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.7% | +9.6% | +16.5% | +46.1% | 2023 | -12.7% | 2026 |
| Assessment Ratio | 100.0% | 106.2% | — | 146.1% | 2022 | 88.0% | 2023 |
| Effective Tax Rate (2025) | 1.4800% | 1.4800% | — | 1.4800% | 2025 | 1.4800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$15,497 | $14,140 | ~$26,006 | $15,998 | 2024 | $11,333 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,185,821 | ~$1,152,472 | ~1.9725% | ~$22,732 | +13.2% |
| 2027 | ~$1,342,149 | ~$1,267,719 | ~1.9157% | ~$24,286 | +28.1% |
| 2028 | ~$1,519,085 | ~$1,394,491 | ~1.8589% | ~$25,922 | +45.0% |
| 2029 | ~$1,719,347 | ~$1,533,940 | ~1.8021% | ~$27,643 | +64.1% |
| 2030 | ~$1,946,010 | ~$1,687,335 | ~1.7453% | ~$29,449 | +85.7% |
| 2026 | ~$1,164,867 | ~$1,152,472 | ~2.0293% | ~$23,387 | +11.2% |
| 2027 | ~$1,295,135 | ~$1,267,719 | ~2.0293% | ~$25,726 | +23.6% |
| 2028 | ~$1,439,971 | ~$1,394,491 | ~2.0293% | ~$28,298 | +37.4% |
| 2029 | ~$1,601,004 | ~$1,533,940 | ~2.0293% | ~$31,128 | +52.8% |
| 2030 | ~$1,780,045 | ~$1,687,335 | ~2.0293% | ~$34,241 | +69.9% |
| 2026 | ~$1,206,775 | ~$1,152,472 | ~1.9441% | ~$22,405 | +15.2% |
| 2027 | ~$1,390,001 | ~$1,267,719 | ~1.8589% | ~$23,565 | +32.7% |
| 2028 | ~$1,601,046 | ~$1,394,491 | ~1.7737% | ~$24,734 | +52.8% |
| 2029 | ~$1,844,133 | ~$1,533,940 | ~1.6885% | ~$25,900 | +76.0% |
| 2030 | ~$2,124,129 | ~$1,687,335 | ~1.6033% | ~$27,053 | +102.7% |
In 2025, this property's market value of $1,047,702 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +102% 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 | $1,047,702 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $868,642 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $987,430 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $676,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $638,428 | $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.