3503 WILD CHERRY DR 78738
| Owner | MAHLON KERR PROPERTIES LLC |
|---|---|
| Parcel ID | 0127730517 |
| Short ID | 963392 |
| Type | Real |
| Use Code | 23 Small Office Condo |
| Valuation | Income |
| Improvement SF | 2,360 SF |
| Land SF | 21,623 SF |
| Acres | 0.496 |
| Year Built | 2021 |
| Legal | CHERRY PEAK OFFICE PARK CONDOMINIUM AMD UNT 2A 7.9804%INT IN COMMON AREA |
| Neighborhood | SW06 |
| Land | $432,451 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $432,451 |
| Improvement | $741,549 |
|---|---|
| Total Improvement | $741,549 |
| Market | $1,174,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,174,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$54,129 |
| Net Appraised (assessed) | $1,119,871 |
| Taxable Value | $1,119,871 |
|---|
Appreciation: Market value has risen +182.1% from $416,120 (2023) to $1,174,000 (2025), a CAGR of 68.0% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +0.2%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 1.8496% in 2025 (+0.0309% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $20,713. Lake Travis ISD is the largest single contributor, at 56.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,119,871) is $54,129 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 37% of market value ($432,451 land vs $741,549 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,174,000, this parcel sits in the lower-middle (25th–50th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial 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 +68.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $15,696,104 by 2030, with an estimated annual tax burden around $29,730. 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 | 2,360 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $11,643.30 | $11,643.30 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,208.98 | $4,208.98 | Paid |
| CLW City of Lakeway | 0.1545% | 0.1290% | 0.1440% | 0.1598% | 0.1696% | +0.0098% | $1,899.75 | $1,899.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,321.71 | $1,321.71 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $1,012.35 | $1,012.35 | Paid |
| W17 WCID # 17 | 0.0568% | 0.0543% | 0.0533% | 0.0533% | 0.0560% | +0.0027% | $627.13 | $627.13 | Paid |
| Combined Rate | 2.0106% | 1.8990% | 1.7598% | 1.8187% | 1.8496% | +0.0309% | $20,713.22 | $20,713.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,180,839 | $1,174,000 | +0.6% |
| Assessed Value | $1,180,839 | $1,119,871 | +5.4% |
| Land Value | $432,451 | $432,451 | +0.0% |
| Improvement Value | $748,388 | $741,549 | +0.9% |
| Taxable Value | $1,180,839 | $1,119,871 | +5.4% |
| Total Tax 2026 = estimate |
~$21,841
Estimated
|
~$20,713
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,180,839 | $1,180,839 | +0 (+0.0%) |
| Taxable Value | $1,180,839 | $1,180,839 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,180,839 | $432,451 | $748,388 | — | $1,180,839 | $1,180,839 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,174,000 | $432,451 | $741,549 | −$54,129 | $1,119,871 | $1,119,871 | ~$20,713 | Partial |
| 2024 | $1,093,488 | — | — | −$661,037 | $432,451 | $— | $16,973 | Verified |
| 2023 | $416,120 | — | — | — | $432,451 ! | $— | $19,244 | Verified |
| 2022 | $— | — | — | — | $345,961 | $— | $7,902 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.6% | +5.4% | ~100% | Not available | Partial |
| 2025 | +25.8% | +20.0% | 95.4% | Not available | Partial |
| 2024 | -14.7% | -14.7% | ~100% | 1.8200% | Verified |
| 2023 | +18.3% | +18.3% | ~100% | 1.7600% | Verified |
| 2022 | base year | — | ~100% | 0.8600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.6% | +56.9% | +67.8% | +162.8% | 2024 | +0.6% | 2026 |
| Assessment Ratio | 100.0% | 84.7% | — | 103.9% | 2023 | 39.5% | 2024 |
| Effective Tax Rate (2025) | 1.7600% | 1.7600% | — | 1.7600% | 2025 | 1.7600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$20,713 | $18,977 | ~$25,890 | $20,713 | 2025 | $16,973 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,971,936 | ~$1,231,858 | ~1.8094% | ~$22,289 | +68.0% |
| 2027 | ~$3,312,208 | ~$1,355,044 | ~1.7691% | ~$23,972 | +182.1% |
| 2028 | ~$5,563,427 | ~$1,490,548 | ~1.7289% | ~$25,770 | +373.9% |
| 2029 | ~$9,344,738 | ~$1,639,603 | ~1.6886% | ~$27,687 | +696.0% |
| 2030 | ~$15,696,104 | ~$1,803,563 | ~1.6484% | ~$29,730 | +1237.0% |
| 2026 | ~$1,948,456 | ~$1,231,858 | ~1.8496% | ~$22,785 | +66.0% |
| 2027 | ~$3,233,800 | ~$1,355,044 | ~1.8496% | ~$25,063 | +175.5% |
| 2028 | ~$5,367,051 | ~$1,490,548 | ~1.8496% | ~$27,569 | +357.2% |
| 2029 | ~$8,907,550 | ~$1,639,603 | ~1.8496% | ~$30,326 | +658.7% |
| 2030 | ~$14,783,620 | ~$1,803,563 | ~1.8496% | ~$33,359 | +1159.3% |
| 2026 | ~$1,995,416 | ~$1,231,858 | ~1.7892% | ~$22,041 | +70.0% |
| 2027 | ~$3,391,555 | ~$1,355,044 | ~1.7289% | ~$23,427 | +188.9% |
| 2028 | ~$5,764,535 | ~$1,490,548 | ~1.6685% | ~$24,870 | +391.0% |
| 2029 | ~$9,797,824 | ~$1,639,603 | ~1.6081% | ~$26,367 | +734.6% |
| 2030 | ~$16,653,098 | ~$1,803,563 | ~1.5478% | ~$27,915 | +1318.5% |
In 2025, this property's market value of $1,174,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -17% below the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial 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 | $1,174,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,093,488 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $416,120 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
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.