CAPROCK SUMMIT DR TX 78738
| Owner | GREY FOREST DEVELOPMENT LLC |
|---|---|
| Parcel ID | 0126870302 |
| Short ID | 898133 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 332,908 SF |
| Land SF | 735,293 SF |
| Acres | 16.880 |
| Year Built | 2024 |
| Legal | LOT 5 BLK A SWEETWATER CROSSING PHS 2 |
| Neighborhood | 1SW3 |
| Land | $1,470,586 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,470,586 |
| Improvement | $75,319,414 |
|---|---|
| Total Improvement | $75,319,414 |
| Market | $76,790,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $76,790,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $76,790,000 |
| Taxable Value | $76,790,000 |
|---|
Appreciation: Market value has risen +5121.7% from $1,470,586 (2021) to $76,790,000 (2025), a CAGR of 168.8% 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 2.6240% in 2025 (+0.0184% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $2,014,944. Lake Travis ISD is the largest single contributor, at 39.6% 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 2% of market value ($1,470,586 land vs $75,319,414 improvements), about $2/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $76,790,000, 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 +168.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,778,850,989 by 2030, with an estimated annual tax burden around $2,974,075. 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 | 332,908 SF | ✓ |
Market value changed by 2796% in 2023, 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $798,385.63 | $798,385.63 | Paid |
| U5L Lazy Nine MUD #1A | 1.0000% | 1.0000% | 1.0000% | 1.0000% | 1.0000% | +0.0000% | $767,900.00 | $767,900.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $288,611.38 | $288,611.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $90,629.86 | $90,629.86 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $69,417.39 | $69,417.39 | Paid |
| Combined Rate | 2.7993% | 2.7157% | 2.5625% | 2.6056% | 2.6240% | +0.0184% | $2,014,944.26 | $2,014,944.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $71,870,000 | $76,790,000 | -6.4% |
| Assessed Value | $71,870,000 | $76,790,000 | -6.4% |
| Land Value | $1,470,586 | $1,470,586 | +0.0% |
| Improvement Value | $70,399,414 | $75,319,414 | -6.5% |
| Taxable Value | $71,870,000 | $76,790,000 | -6.4% |
| Total Tax 2026 = estimate |
~$1,885,845
Estimated
|
~$2,014,944
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $78,087,008 | $71,870,000 | -6,217,008 (-8.0%) |
| Taxable Value | $78,087,008 | $71,870,000 | -6,217,008 (-8.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $71,870,000 | $1,470,586 | $70,399,414 | — | $71,870,000 | $71,870,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $76,790,000 | $1,470,586 | $75,319,414 | — | $76,790,000 | $76,790,000 | ~$2,014,944 | Partial |
| 2024 | $42,587,716 | — | — | −$41,117,130 | $1,470,586 | $— | $1,529,664 | Verified |
| 2023 | $— | — | — | — | $1,470,586 | $— | $1,091,330 | Verified |
| 2022 | $— | — | — | — | $1,470,586 | $— | $39,937 | Verified |
| 2021 | $1,470,586 | — | — | — | $1,470,586 | $— | $41,166 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.7% | +1.7% | ~100% | Not available | Partial |
| 2025 | +30.8% | +30.8% | ~100% | Not available | Partial |
| 2024 | +37.8% | +37.8% | ~100% | 2.6100% | Verified |
| 2023 | +2796.0% ! | +2796.0% | ~100% | 2.5600% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.7200% | Verified |
| 2021 | base year | — | ~100% | 2.8000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +5121.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.4% | +956.6% | +172.5% | +2796.0% | 2024 | -6.4% | 2026 |
| Assessment Ratio | 100.0% | 75.9% | — | 100.0% | 2021 | 3.5% | 2024 |
| Effective Tax Rate (2025) | 2.6200% | 2.6200% | — | 2.6200% | 2025 | 2.6200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,014,944 | $1,195,258 | ~$2,562,123 | $2,014,944 | 2025 | $41,166 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$206,423,068 | ~$84,469,000 | ~2.5801% | ~$2,179,418 | +168.8% |
| 2027 | ~$554,896,247 | ~$92,915,900 | ~2.5363% | ~$2,356,636 | +622.6% |
| 2028 | ~$1,491,644,558 | ~$102,207,490 | ~2.4925% | ~$2,547,504 | +1842.5% |
| 2029 | ~$4,009,764,883 | ~$112,428,239 | ~2.4487% | ~$2,752,980 | +5121.7% |
| 2030 | ~$10,778,850,989 | ~$123,671,063 | ~2.4048% | ~$2,974,075 | +13936.8% |
| 2026 | ~$204,887,268 | ~$84,469,000 | ~2.6240% | ~$2,216,439 | +166.8% |
| 2027 | ~$546,670,041 | ~$92,915,900 | ~2.6240% | ~$2,438,083 | +611.9% |
| 2028 | ~$1,458,597,876 | ~$102,207,490 | ~2.6240% | ~$2,681,891 | +1799.5% |
| 2029 | ~$3,891,758,476 | ~$112,428,239 | ~2.6240% | ~$2,950,080 | +4968.1% |
| 2030 | ~$10,383,796,852 | ~$123,671,063 | ~2.6240% | ~$3,245,088 | +13422.3% |
| 2026 | ~$207,958,868 | ~$84,469,000 | ~2.5582% | ~$2,160,907 | +170.8% |
| 2027 | ~$563,183,886 | ~$92,915,900 | ~2.4925% | ~$2,315,913 | +633.4% |
| 2028 | ~$1,525,186,654 | ~$102,207,490 | ~2.4267% | ~$2,480,311 | +1886.2% |
| 2029 | ~$4,130,434,816 | ~$112,428,239 | ~2.3610% | ~$2,654,430 | +5278.9% |
| 2030 | ~$11,185,838,613 | ~$123,671,063 | ~2.2953% | ~$2,838,569 | +14466.8% |
In 2025, this property's market value of $76,790,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 148× 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 | $76,790,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $42,587,716 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $1,470,586 | $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.