2025 E 7 ST TX 78702
| Owner | 7EAST GFPG LLC |
|---|---|
| Parcel ID | 0203090414 |
| Short ID | 771908 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 97,085 SF |
| Land SF | 81,709 SF |
| Acres | 1.876 |
| Year Built | 2014 |
| Legal | 1.8758 AC OF LOT 3 BLK A 7TH & MARTINEZ SUBD |
| Neighborhood | 08EC |
| Land | $12,256,320 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $12,256,320 |
| Improvement | $35,063,680 |
|---|---|
| Total Improvement | $35,063,680 |
| Market | $47,320,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $47,320,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $47,320,000 |
| Taxable Value | $47,320,000 |
|---|
Appreciation: Market value has risen +5.6% from $44,818,208 (2021) to $47,320,000 (2025), a CAGR of 1.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→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 lagged the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $968,397. Austin ISD is the largest single contributor, at 45.2% 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 26% of market value ($12,256,320 land vs $35,063,680 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age (~12 yrs), and rent roll drive the underwriting.
Submarket Position: At $47,320,000, 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 +1.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $50,644,530 by 2030, with an estimated annual tax burden around $954,013. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 103,689 SF | ✓ |
| 3RD | 3rd Floor | 36,025 SF | ✓ |
| 2ND | 2nd Floor | 35,829 SF | ✓ |
| 4TH | 4th Floor | 26,354 SF | ✓ |
| 1ST | 1st Floor | 25,231 SF | ✓ |
| 5TH | 5th Floor | 14,997 SF | ✓ |
| BELOW | Below | 6,211 SF | ✓ |
| * | — | 5,755 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $416,340.00 | $416,340.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $235,807.65 | $235,807.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $169,130.25 | $169,130.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $53,110.35 | $53,110.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $46,530.00 | $46,530.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $920,918.25 | $920,918.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $43,580,000 | $47,320,000 | -7.9% |
| Assessed Value | $43,580,000 | $47,320,000 | -7.9% |
| Land Value | $12,256,320 | $12,256,320 | +0.0% |
| Improvement Value | $31,323,680 | $35,063,680 | -10.7% |
| Taxable Value | $43,580,000 | $47,320,000 | -7.9% |
| Total Tax 2026 = estimate |
~$891,858
Estimated
|
~$920,918
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $47,107,326 | $43,580,000 | -3,527,326 (-7.5%) |
| Taxable Value | $47,107,326 | $43,580,000 | -3,527,326 (-7.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $43,580,000 | $12,256,320 | $31,323,680 | — | $43,580,000 | $43,580,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $47,320,000 | $12,256,320 | $35,063,680 | — | $47,320,000 | $47,320,000 | ~$920,918 | Partial |
| 2024 | $50,900,000 | — | — | −$38,643,680 | $12,256,320 | $— | $909,778 | Verified |
| 2023 | $50,570,000 | — | — | −$38,313,680 | $12,256,320 | $— | $923,850 | Verified |
| 2022 | $— | — | — | — | $6,536,704 | $— | $912,975 | Verified |
| 2021 | $44,818,208 | — | — | −$38,281,504 | $6,536,704 | $— | $944,703 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.4% | -0.4% | ~100% | Not available | Partial |
| 2025 | -1.2% | -1.2% | ~100% | Not available | Partial |
| 2024 | -11.1% | -11.1% | ~100% | 1.9000% | Verified |
| 2023 | +6.6% | +6.6% | ~100% | 1.7100% | Verified |
| 2022 | +11.4% | +11.4% | ~100% | 1.8100% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.9% | -0.3% | +3.1% | +12.8% | 2023 | -7.9% | 2026 |
| Assessment Ratio | 100.0% | 52.6% | — | 100.0% | 2025 | 14.6% | 2021 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$920,918 | $924,812 | ~$960,277 | $944,703 | 2021 | $909,778 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$47,966,971 | ~$47,966,971 | ~2.0139% | ~$966,024 | +1.4% |
| 2027 | ~$48,622,788 | ~$48,622,788 | ~1.9814% | ~$963,406 | +2.8% |
| 2028 | ~$49,287,572 | ~$49,287,572 | ~1.9488% | ~$960,536 | +4.2% |
| 2029 | ~$49,961,444 | ~$49,961,444 | ~1.9163% | ~$957,407 | +5.6% |
| 2030 | ~$50,644,530 | ~$50,644,530 | ~1.8837% | ~$954,013 | +7.0% |
| 2026 | ~$47,020,571 | ~$47,020,571 | ~2.0465% | ~$962,269 | -0.6% |
| 2027 | ~$46,723,037 | ~$46,723,037 | ~2.0465% | ~$956,180 | -1.3% |
| 2028 | ~$46,427,386 | ~$46,427,386 | ~2.0465% | ~$950,129 | -1.9% |
| 2029 | ~$46,133,606 | ~$46,133,606 | ~2.0465% | ~$944,117 | -2.5% |
| 2030 | ~$45,841,684 | ~$45,841,684 | ~2.0465% | ~$938,143 | -3.1% |
| 2026 | ~$48,913,371 | ~$48,913,371 | ~1.9977% | ~$977,124 | +3.4% |
| 2027 | ~$50,560,395 | ~$50,560,395 | ~1.9488% | ~$985,341 | +6.8% |
| 2028 | ~$52,262,878 | ~$52,262,878 | ~1.9000% | ~$993,003 | +10.4% |
| 2029 | ~$54,022,687 | ~$54,022,687 | ~1.8512% | ~$1,000,065 | +14.2% |
| 2030 | ~$55,841,753 | ~$55,841,753 | ~1.8024% | ~$1,006,476 | +18.0% |
In 2025, this property's market value of $47,320,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 91× 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 | $47,320,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $50,900,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $50,570,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $44,818,208 | $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.