606 E 3 ST TX 78701
| Owner | MANCHESTER TEXAS FINANCIAL |
|---|---|
| Parcel ID | 0204041403 |
| Short ID | 191614 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,357 SF |
| Land SF | 8,832 SF |
| Acres | 0.203 |
| Year Built | 1870 |
| Legal | LOT 3 BLOCK 035 ORIGINAL CITY |
| Neighborhood | 59CBD |
| Land | $5,652,480 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,652,480 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $3,312,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,312,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,312,000 |
| Taxable Value | $3,312,000 |
|---|
Appreciation: Market value has risen +116.8% from $1,528,000 (2021) to $3,312,000 (2025), a CAGR of 21.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 +24.1%, so this parcel has outpaced the broader commercial 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 $67,780. Austin ISD is the largest single contributor, at 43.5% of the total 2025 levy.
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 171% of market value ($5,652,480 land vs $0 improvements), about $640/SF of land. With value concentrated in the land under a ~156-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $3,312,000, this parcel sits in the upper-middle (50th–75th 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 +21.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,710,620 by 2030, with an estimated annual tax burden around $100,479. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 1,357 SF | ✗ |
| 1ST | 1st Floor | 1,033 SF | ✓ |
| 435 | FENCE IRON LF | 365 SF | ✗ |
| 1/2 | Half Floor | 324 SF | ✓ |
| 571C | STORAGE DET COMM | 276 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 66 SF | ✗ |
Market value changed by 81% 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $30,642.62 | $30,642.62 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $17,355.44 | $17,355.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,447.99 | $12,447.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,908.92 | $3,908.92 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,424.61 | $3,424.61 | Paid |
| P2U | — | — | — | — | — | — | $2,601.10 | $2,601.10 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $70,380.68 | $70,380.68 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,312,000 | $3,312,000 | +0.0% |
| Assessed Value | $3,312,000 | $3,312,000 | +0.0% |
| Land Value | $4,416,000 | $5,652,480 | -21.9% |
| Improvement Value | — | — | — |
| Taxable Value | $3,312,000 | $3,312,000 | +0.0% |
| Total Tax 2026 = estimate |
~$67,780
Estimated
|
~$70,381
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,312,000 | $3,312,000 | +0 (+0.0%) |
| Taxable Value | $3,312,000 | $3,312,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,312,000 | $4,416,000 | — | — | $3,312,000 | $3,312,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,312,000 | $5,652,480 | — | — | $3,312,000 | $3,312,000 | ~$70,381 | Partial |
| 2024 | $3,559,867 | — | — | — | $3,559,867 | $— | $73,380 | Verified |
| 2023 | $2,859,000 | — | — | — | $3,559,867 ! | $— | $67,237 | Verified |
| 2022 | $1,579,340 | — | — | — | $2,826,240 ! | $— | $58,822 | Verified |
| 2021 | $1,528,000 | — | — | −$227,930 | $1,300,070 | $— | $35,456 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 2.0600% | Verified |
| 2023 | +24.5% | +24.5% | ~100% | 1.8900% | Verified |
| 2022 | +81.0% ! | +81.0% | ~100% | 2.0600% | Verified |
| 2021 | base year | — | ~100% | 2.3200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +109.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +20.4% | +21.3% | +81.0% | 2023 | -7.0% | 2025 |
| Assessment Ratio | 100.0% | 114.8% | — | 179.0% | 2022 | 85.1% | 2021 |
| Effective Tax Rate (2025) | 2.1300% | 2.1300% | — | 2.1300% | 2025 | 2.1300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$70,381 | $61,055 | ~$86,418 | $73,380 | 2024 | $35,456 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,018,667 | ~$3,643,200 | ~2.0139% | ~$73,372 | +21.3% |
| 2027 | ~$4,876,114 | ~$4,007,520 | ~1.9814% | ~$79,405 | +47.2% |
| 2028 | ~$5,916,509 | ~$4,408,272 | ~1.9488% | ~$85,910 | +78.6% |
| 2029 | ~$7,178,890 | ~$4,849,099 | ~1.9163% | ~$92,923 | +116.8% |
| 2030 | ~$8,710,620 | ~$5,334,009 | ~1.8837% | ~$100,479 | +163.0% |
| 2026 | ~$3,952,427 | ~$3,643,200 | ~2.0465% | ~$74,558 | +19.3% |
| 2027 | ~$4,716,692 | ~$4,007,520 | ~2.0465% | ~$82,013 | +42.4% |
| 2028 | ~$5,628,738 | ~$4,408,272 | ~2.0465% | ~$90,215 | +69.9% |
| 2029 | ~$6,717,144 | ~$4,849,099 | ~2.0465% | ~$99,236 | +102.8% |
| 2030 | ~$8,016,010 | ~$5,334,009 | ~2.0465% | ~$109,160 | +142.0% |
| 2026 | ~$4,084,907 | ~$3,643,200 | ~1.9977% | ~$72,779 | +23.3% |
| 2027 | ~$5,038,185 | ~$4,007,520 | ~1.9488% | ~$78,100 | +52.1% |
| 2028 | ~$6,213,925 | ~$4,408,272 | ~1.9000% | ~$83,758 | +87.6% |
| 2029 | ~$7,664,043 | ~$4,849,099 | ~1.8512% | ~$89,766 | +131.4% |
| 2030 | ~$9,452,568 | ~$5,334,009 | ~1.8024% | ~$96,139 | +185.4% |
In 2025, this property's market value of $3,312,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +134% above 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 | $3,312,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,559,867 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $2,859,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,579,340 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,528,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.