1603 E 7 ST TX 78702
| Owner | TWO AUSTIN ORIGINALS LLC |
|---|---|
| Parcel ID | 0204080503 |
| Short ID | 191960 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 16,865 SF |
| Land SF | 6,050 SF |
| Acres | 0.139 |
| Year Built | 2024 |
| Legal | LOT 23 OLT 5 DIV A MCFALLS J K P SUBD |
| Neighborhood | 1EC2 |
| Land | $907,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $907,500 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $907,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $907,500 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $907,500 |
| Taxable Value | $907,500 |
|---|
Appreciation: Market value has risen +64.0% from $553,308 (2021) to $907,500 (2025), a CAGR of 13.2% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $18,572. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. 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 100% of market value ($907,500 land vs $0 improvements), about $150/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 $907,500, this parcel sits in the top quartile (≥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 +13.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,684,404 by 2030, with an estimated annual tax burden around $31,730. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 16,865 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% | $8,396.19 | $8,396.19 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,755.45 | $4,755.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,410.79 | $3,410.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,071.06 | $1,071.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $938.36 | $938.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,571.85 | $18,571.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $907,500 | $907,500 | +0.0% |
| Assessed Value | $907,500 | $907,500 | +0.0% |
| Land Value | $907,500 | $907,500 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $907,500 | $907,500 | +0.0% |
| Total Tax 2026 = estimate |
~$18,572
Estimated
|
~$18,572
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,189,351 | $907,500 | -281,851 (-23.7%) |
| Taxable Value | $1,189,351 | $907,500 | -281,851 (-23.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $907,500 | $907,500 | — | — | $907,500 | $907,500 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $907,500 | $907,500 | — | — | $907,500 | $907,500 | ~$18,572 | Partial |
| 2024 | $— | — | — | — | $907,500 | $— | $17,985 | Verified |
| 2023 | $— | — | — | — | $907,500 | $— | $16,419 | Verified |
| 2022 | $— | — | — | — | $715,235 | $— | $14,125 | Verified |
| 2021 | $553,308 | — | — | — | $674,750 ! | $— | $14,687 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +31.1% | +31.1% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +20.0% | +20.0% | ~100% | 1.8100% | Verified |
| 2022 | +2.8% | +2.8% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 2.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +23.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +32.0% | +13.2% | +64.0% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 107.3% | — | 121.9% | 2021 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,572 | $16,629 | ~$25,919 | $18,572 | 2025 | $14,687 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,026,991 | ~$1,026,991 | ~2.0139% | ~$20,683 | +13.2% |
| 2027 | ~$1,162,215 | ~$1,162,215 | ~1.9814% | ~$23,028 | +28.1% |
| 2028 | ~$1,315,244 | ~$1,315,244 | ~1.9488% | ~$25,632 | +44.9% |
| 2029 | ~$1,488,423 | ~$1,488,423 | ~1.9163% | ~$28,523 | +64.0% |
| 2030 | ~$1,684,404 | ~$1,684,404 | ~1.8837% | ~$31,730 | +85.6% |
| 2026 | ~$1,008,841 | ~$1,008,841 | ~2.0465% | ~$20,646 | +11.2% |
| 2027 | ~$1,121,498 | ~$1,121,498 | ~2.0465% | ~$22,951 | +23.6% |
| 2028 | ~$1,246,736 | ~$1,246,736 | ~2.0465% | ~$25,514 | +37.4% |
| 2029 | ~$1,385,960 | ~$1,385,960 | ~2.0465% | ~$28,363 | +52.7% |
| 2030 | ~$1,540,730 | ~$1,540,730 | ~2.0465% | ~$31,531 | +69.8% |
| 2026 | ~$1,045,141 | ~$1,045,141 | ~1.9977% | ~$20,878 | +15.2% |
| 2027 | ~$1,203,658 | ~$1,203,658 | ~1.9488% | ~$23,457 | +32.6% |
| 2028 | ~$1,386,217 | ~$1,386,217 | ~1.9000% | ~$26,338 | +52.8% |
| 2029 | ~$1,596,465 | ~$1,596,465 | ~1.8512% | ~$29,554 | +75.9% |
| 2030 | ~$1,838,601 | ~$1,838,601 | ~1.8024% | ~$33,138 | +102.6% |
In 2025, this property's market value of $907,500 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 11× 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 | $907,500 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +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 | $553,308 | $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.