702 E 3 ST TX 78701
| Owner | 710 E3 LLC |
|---|---|
| Parcel ID | 0204041810 |
| Short ID | 191629 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 156,202 SF |
| Land SF | 75,590 SF |
| Acres | 1.735 |
| Year Built | 2022 |
| Legal | LOT 1-8 BLOCK 036 ORIGINAL CITY |
| Neighborhood | 08CBD |
| Land | $51,023,027 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $51,023,027 |
| Improvement | $8,476,973 |
|---|---|
| Total Improvement | $8,476,973 |
| Market | $59,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $59,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $59,500,000 |
| Taxable Value | $59,500,000 |
|---|
Appreciation: Market value has risen +221.6% from $18,500,000 (2021) to $59,500,000 (2025), a CAGR of 33.9% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,217,659. Austin ISD is the largest single contributor, at 43.3% 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 86% of market value ($51,023,027 land vs $8,476,973 improvements), about $675/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 $59,500,000, 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 +33.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $256,270,439 by 2030, with an estimated annual tax burden around $1,805,103. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 156,202 SF | ✓ |
| 187 | PARKING GARAGE | 65,500 SF | ✓ |
| 601 | POOL COMM'L | 1 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% | $503,715.71 | $503,715.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $285,295.72 | $285,295.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $204,624.98 | $204,624.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $64,256.42 | $64,256.42 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $56,295.08 | $56,295.08 | Paid |
| P2U | — | — | — | — | — | — | $49,898.18 | $49,898.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,164,086.09 | $1,164,086.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $22,495,732 | $59,500,000 | -62.2% |
| Assessed Value | $22,495,732 | $59,500,000 | -62.2% |
| Land Value | $18,897,418 | $51,023,027 | -63.0% |
| Improvement Value | $3,598,314 | $8,476,973 | -57.6% |
| Taxable Value | $22,495,732 | $59,500,000 | -62.2% |
| Total Tax 2026 = estimate |
~$460,372
Estimated
|
~$1,164,086
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $22,495,732 | $22,495,732 | +0 (+0.0%) |
| Taxable Value | $22,495,732 | $22,495,732 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $22,495,732 | $18,897,418 | $3,598,314 | — | $22,495,732 | $22,495,732 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $59,500,000 | $51,023,027 | $8,476,973 | — | $59,500,000 | $59,500,000 | ~$1,164,086 | Partial |
| 2024 | $67,400,000 | — | — | −$7,900,000 | $59,500,000 | $— | $1,233,754 | Verified |
| 2023 | $51,143,256 | — | — | — | $52,912,769 ! | $— | $1,299,921 | Verified |
| 2022 | $34,276,641 | — | — | −$7,820,256 | $26,456,385 | $— | $1,060,683 | Verified |
| 2021 | $18,500,000 | — | — | −$1,114,376 | $17,385,624 | $— | $779,869 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -62.2% | -62.2% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -31.0% | -31.0% | ~100% | 2.0700% | Verified |
| 2023 | +68.7% | +68.7% | ~100% | 1.5100% | Verified |
| 2022 | +49.2% | +49.2% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 4.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +73.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -62.2% | +18.5% | +78.0% | +85.3% | 2022 | -62.2% | 2026 |
| Assessment Ratio | 100.0% | 93.8% | — | 103.5% | 2023 | 77.2% | 2022 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,164,086 | $1,107,663 | ~$1,552,491 | $1,299,921 | 2023 | $779,869 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$79,680,725 | ~$65,450,000 | ~2.0139% | ~$1,318,121 | +33.9% |
| 2027 | ~$106,706,183 | ~$71,995,000 | ~1.9814% | ~$1,426,500 | +79.3% |
| 2028 | ~$142,897,916 | ~$79,194,500 | ~1.9488% | ~$1,543,374 | +140.2% |
| 2029 | ~$191,364,865 | ~$87,113,950 | ~1.9163% | ~$1,669,357 | +221.6% |
| 2030 | ~$256,270,439 | ~$95,825,345 | ~1.8837% | ~$1,805,103 | +330.7% |
| 2026 | ~$78,490,725 | ~$65,450,000 | ~2.0465% | ~$1,339,424 | +31.9% |
| 2027 | ~$103,542,754 | ~$71,995,000 | ~2.0465% | ~$1,473,367 | +74.0% |
| 2028 | ~$136,590,685 | ~$79,194,500 | ~2.0465% | ~$1,620,704 | +129.6% |
| 2029 | ~$180,186,586 | ~$87,113,950 | ~2.0465% | ~$1,782,774 | +202.8% |
| 2030 | ~$237,697,071 | ~$95,825,345 | ~2.0465% | ~$1,961,051 | +299.5% |
| 2026 | ~$80,870,725 | ~$65,450,000 | ~1.9977% | ~$1,307,470 | +35.9% |
| 2027 | ~$109,917,212 | ~$71,995,000 | ~1.9488% | ~$1,403,067 | +84.7% |
| 2028 | ~$149,396,379 | ~$79,194,500 | ~1.9000% | ~$1,504,709 | +151.1% |
| 2029 | ~$203,055,352 | ~$87,113,950 | ~1.8512% | ~$1,612,648 | +241.3% |
| 2030 | ~$275,987,117 | ~$95,825,345 | ~1.8024% | ~$1,727,128 | +363.8% |
In 2025, this property's market value of $59,500,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 114× 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 | $59,500,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $67,400,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $51,143,256 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $34,276,641 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $18,500,000 | $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.