1505 O REILLY CT TX 78734
| Owner | BAKALIS PETER |
|---|---|
| Parcel ID | 0145630417 |
| Short ID | 147362 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 5,187 SF |
| Land SF | 110,512 SF |
| Acres | 2.537 |
| Year Built | 1942 |
| Legal | LOT 42 CARDINAL HILLS ESTATES UNIT 12 |
| Neighborhood | R4100 |
| Land | $448,334 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $448,334 |
| Improvement | $768,583 |
|---|---|
| Total Improvement | $768,583 |
| Market | $1,216,917 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,216,917 |
| Value Limitation Adjustment (−) (homestead cap) | −$571,713 |
| Net Appraised (assessed) | $645,204 |
| Taxable Value | $645,204 |
|---|
Appreciation: Market value has risen +319.0% from $290,447 (2021) to $1,216,917 (2025), a CAGR of 43.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 1.6800% in 2025 (+0.0211% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $10,839. Lake Travis ISD is the largest single contributor, at 61.9% of the total 2025 levy.
Assessment Gap: Assessed value ($645,204) is $571,713 below market value, suggesting potential for an upward assessment in future years.
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 37% of market value ($448,334 land vs $768,583 improvements), about $4/SF of land. Most value sits in the improvements, so building condition, age (~84 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,216,917, 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 +43.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,294,635 by 2030, with an estimated annual tax burden around $15,169. 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 | 3,829 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 3,235 SF | ✗ |
| 031 | GARAGE DET 1ST F | 2,112 SF | ✓ |
| 2ND | 2nd Floor | 1,358 SF | ✓ |
| 061 | CARPORT ATT 1ST | 366 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 211 SF | ✗ |
| 512 | DECK UNCOVRED | 32 SF | ✗ |
| 251 | BATHROOM | 6 SF | ✓ |
Market value changed by 126% in 2025, 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% | $6,708.19 | $6,708.19 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,424.97 | $2,424.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $761.49 | $761.49 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $583.26 | $583.26 | Paid |
| W17 WCID # 17 | 0.0568% | 0.0543% | 0.0533% | 0.0533% | 0.0560% | +0.0027% | $361.31 | $361.31 | Paid |
| Combined Rate | 1.8561% | 1.7700% | 1.6158% | 1.6589% | 1.6800% | +0.0211% | $10,839.22 | $10,839.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,066,701 | $1,216,917 | -12.3% |
| Assessed Value | $774,245 | $645,204 | +20.0% |
| Land Value | $448,334 | $448,334 | +0.0% |
| Improvement Value | $618,367 | $768,583 | -19.5% |
| Taxable Value | $774,245 | $645,204 | +20.0% |
| HS Cap Loss | -$292,456 | — | |
| Total Tax 2026 = estimate |
~$13,007
Estimated
|
~$10,839
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,119,896 | $1,066,701 | -53,195 (-4.7%) |
| Taxable Value | $774,245 | $774,245 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,066,701 | $448,334 | $618,367 | −$292,456 | $774,245 | $774,245 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,216,917 | $448,334 | $768,583 | −$571,713 | $645,204 | $645,204 | ~$10,839 | Partial |
| 2024 | $581,401 | — | — | −$393,901 | $187,500 | $— | $8,919 | Verified |
| 2023 | $478,722 | — | — | −$378,722 | $100,000 | $— | $9,395 | Verified |
| 2022 | $484,300 | — | — | −$404,300 | $80,000 | $— | $8,473 | Verified |
| 2021 | $290,447 | — | — | −$210,447 | $80,000 | $— | $8,989 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.0% | +20.0% | 69.1% | Not available | Partial |
| 2025 | +126.3% ! | +20.0% | 53.0% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | 1.6600% | Verified |
| 2023 | +9.3% | +9.3% | ~100% | 1.6200% | Verified |
| 2022 | -7.1% | -7.1% | ~100% | 1.5900% | Verified |
| 2021 | base year | — | ~100% | 3.0900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +112.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.3% | +36.8% | +47.1% | +109.3% | 2025 | -12.3% | 2026 |
| Assessment Ratio | 72.6% | 37.1% | — | 72.6% | 2026 | 16.5% | 2022 |
| Effective Tax Rate (2025) | 0.8900% | 0.8900% | — | 0.8900% | 2025 | 0.8900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$10,839 | $9,323 | ~$13,341 | $10,839 | 2025 | $8,473 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,741,043 | ~$709,724 | ~1.6359% | ~$11,611 | +43.1% |
| 2027 | ~$2,490,910 | ~$780,697 | ~1.5919% | ~$12,428 | +104.7% |
| 2028 | ~$3,563,744 | ~$858,767 | ~1.5479% | ~$13,293 | +192.9% |
| 2029 | ~$5,098,648 | ~$944,643 | ~1.5039% | ~$14,206 | +319.0% |
| 2030 | ~$7,294,635 | ~$1,039,107 | ~1.4598% | ~$15,169 | +499.4% |
| 2026 | ~$1,716,705 | ~$709,724 | ~1.6800% | ~$11,923 | +41.1% |
| 2027 | ~$2,421,755 | ~$780,697 | ~1.6800% | ~$13,115 | +99.0% |
| 2028 | ~$3,416,369 | ~$858,767 | ~1.6800% | ~$14,427 | +180.7% |
| 2029 | ~$4,819,471 | ~$944,643 | ~1.6800% | ~$15,870 | +296.0% |
| 2030 | ~$6,798,827 | ~$1,039,107 | ~1.6800% | ~$17,457 | +458.7% |
| 2026 | ~$1,765,381 | ~$709,724 | ~1.6139% | ~$11,454 | +45.1% |
| 2027 | ~$2,561,038 | ~$780,697 | ~1.5479% | ~$12,084 | +110.5% |
| 2028 | ~$3,715,298 | ~$858,767 | ~1.4818% | ~$12,726 | +205.3% |
| 2029 | ~$5,389,782 | ~$944,643 | ~1.4158% | ~$13,374 | +342.9% |
| 2030 | ~$7,818,955 | ~$1,039,107 | ~1.3498% | ~$14,025 | +542.5% |
In 2025, this property's market value of $1,216,917 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +134% 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 | $1,216,917 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $581,401 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $478,722 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $484,300 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $290,447 | $300,453 | $376,850 | $539,896 | ↓ Bottom 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.