1502 E LAKELAND DR TX 78732
| Owner | FEHLER ANDREW S & KELLIE F |
|---|---|
| Parcel ID | 0129580232 |
| Short ID | 125834 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 10,115 SF |
| Acres | 0.232 |
| Year Built | — |
| Legal | LOT 73 LAKELAND PARK |
| Neighborhood | U3270 |
| Land | $300,491 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $300,491 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $300,491 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $300,491 |
| Value Limitation Adjustment (−) (homestead cap) | −$161,402 |
| Net Appraised (assessed) | $139,089 |
| Exemptions (−) (HS) | −$27,818 |
|---|---|
| Taxable Value | $111,271 |
Appreciation: Market value has risen +216.3% from $95,000 (2021) to $300,491 (2025), a CAGR of 33.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 1.7746% in 2025 (+0.0464% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,975. Leander ISD is the largest single contributor, at 58.2% of the total 2025 levy.
Assessment Gap: Assessed value ($139,089) is $161,402 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($300,491 land vs $0 improvements), about $30/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $300,491, this parcel sits in the upper-middle (50th–75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +33.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,267,553 by 2030, with an estimated annual tax burden around $3,313. 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.
Market value changed by 216% 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILE Leander ISD | 1.3370% | 1.2746% | 1.1087% | 1.0869% | 1.0869% | +0.0000% | $1,139.33 | $1,139.33 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $418.21 | $418.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $142.38 | $142.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $131.33 | $131.33 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $125.74 | $125.74 | Paid |
| Combined Rate | 2.0110% | 1.8769% | 1.6957% | 1.7282% | 1.7746% | +0.0464% | $1,956.99 | $1,956.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $300,491 | $300,491 | +0.0% |
| Assessed Value | $152,998 | $139,089 | +10.0% |
| Land Value | $300,491 | $300,491 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $122,398 | $111,271 | +10.0% |
| Exemptions | HS | HS | |
| HS Cap Loss | -$147,493 | — | |
| Total Tax 2026 = estimate |
~$2,172
Estimated
|
~$1,957
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $300,491 | $300,491 | +0 (+0.0%) |
| Taxable Value | $122,398 | $122,398 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $300,491 | $300,491 | — | −$147,493 | $152,998 | $122,398 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $300,491 | $300,491 | — | −$161,402 | $139,089 | $111,271 | ~$1,957 | Partial |
| 2024 | $— | — | — | — | $300,000 | $— | $1,804 | Verified |
| 2023 | $— | — | — | — | $300,000 | $— | $1,432 | Verified |
| 2022 | $— | — | — | — | $300,000 | $— | $1,359 | Verified |
| 2021 | $95,000 | — | — | — | $95,000 | $— | $1,820 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +10.0% | 50.9% | Not available | Partial |
| 2025 | +0.2% | +10.0% | 46.3% | Not available | Partial |
| 2024 | +0.0% | +10.0% | 42.2% | 0.6000% | Verified |
| 2023 | +0.0% | -61.7% | 38.3% | 0.4800% | Verified |
| 2022 | +215.8% ! | +215.8% | ~100% | 0.4500% | Verified |
| 2021 | base year | — | ~100% | 1.9200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +216.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +108.2% | +33.4% | +216.3% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 50.9% | 65.7% | — | 100.0% | 2021 | 46.3% | 2025 |
| Effective Tax Rate (2025) | 0.6500% | 0.6500% | — | 0.6500% | 2025 | 0.6500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,957 | $1,888 | ~$2,963 | $1,957 | 2025 | $1,820 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$400,736 | ~$152,998 | ~1.7155% | ~$2,625 | +33.4% |
| 2027 | ~$534,423 | ~$168,298 | ~1.6564% | ~$2,788 | +77.8% |
| 2028 | ~$712,709 | ~$185,127 | ~1.5973% | ~$2,957 | +137.2% |
| 2029 | ~$950,472 | ~$203,640 | ~1.5382% | ~$3,132 | +216.3% |
| 2030 | ~$1,267,553 | ~$224,004 | ~1.4791% | ~$3,313 | +321.8% |
| 2026 | ~$394,726 | ~$152,998 | ~1.7746% | ~$2,715 | +31.4% |
| 2027 | ~$518,514 | ~$168,298 | ~1.7746% | ~$2,987 | +72.6% |
| 2028 | ~$681,122 | ~$185,127 | ~1.7746% | ~$3,285 | +126.7% |
| 2029 | ~$894,725 | ~$203,640 | ~1.7746% | ~$3,614 | +197.8% |
| 2030 | ~$1,175,315 | ~$224,004 | ~1.7746% | ~$3,975 | +291.1% |
| 2026 | ~$406,746 | ~$152,998 | ~1.6859% | ~$2,579 | +35.4% |
| 2027 | ~$550,573 | ~$168,298 | ~1.5973% | ~$2,688 | +83.2% |
| 2028 | ~$745,258 | ~$185,127 | ~1.5086% | ~$2,793 | +148.0% |
| 2029 | ~$1,008,784 | ~$203,640 | ~1.4199% | ~$2,892 | +235.7% |
| 2030 | ~$1,365,495 | ~$224,004 | ~1.3313% | ~$2,982 | +354.4% |
In 2025, this property's market value of $300,491 places it in the 50th–75th percentile for Land/Vacant properties in Travis County (35611 comparable) — 4× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $300,491 | $24,862 | $85,028 | $363,420 | ↑ Above median | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $95,000 | $6,000 | $14,480 | $80,000 | ↑ 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.