903 SPRINGDALE RD TX 78702
| Owner | HABITAT MODERN L L C |
|---|---|
| Parcel ID | 0204160910 |
| Short ID | 192538 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 2,400 SF |
| Land SF | 12,040 SF |
| Acres | 0.276 |
| Year Built | 1965 |
| Legal | LOT 2 BLK 5 GULLETT GARDENS NO 2 |
| Neighborhood | 05EC |
| Land | $602,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $602,000 |
| Improvement | $25,823 |
|---|---|
| Total Improvement | $25,823 |
| Market | $627,823 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $627,823 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $627,823 |
| Taxable Value | $627,823 |
|---|
Appreciation: Market value has risen +58.1% from $397,140 (2021) to $627,823 (2025), a CAGR of 12.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $12,848. 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 96% of market value ($602,000 land vs $25,823 improvements), about $50/SF of land. With value concentrated in the land under a ~61-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 $627,823, this parcel sits in the upper-middle (50th–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 +12.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,112,895 by 2030, with an estimated annual tax burden around $19,047. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,200 SF | ✗ |
| 1ST | 1st Floor | 1,200 SF | ✓ |
| 2ND | 2nd Floor | 1,200 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 240 SF | ✗ |
| 071 | OBS HEAT WALL | 20 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $5,808.62 | $5,808.62 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,289.90 | $3,289.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,359.64 | $2,359.64 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $740.98 | $740.98 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $649.17 | $649.17 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,848.31 | $12,848.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $672,000 | $627,823 | +7.0% |
| Assessed Value | $672,000 | $627,823 | +7.0% |
| Land Value | $602,000 | $602,000 | +0.0% |
| Improvement Value | $70,000 | $25,823 | +171.1% |
| Taxable Value | $672,000 | $627,823 | +7.0% |
| Total Tax 2026 = estimate |
~$13,752
Estimated
|
~$12,848
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $672,000 | $672,000 | +0 (+0.0%) |
| Taxable Value | $672,000 | $672,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $672,000 | $602,000 | $70,000 | — | $672,000 | $672,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $627,823 | $602,000 | $25,823 | — | $627,823 | $627,823 | ~$12,848 | Partial |
| 2024 | $650,000 | — | — | −$48,000 | $602,000 | $— | $12,943 | Verified |
| 2023 | $429,474 | — | — | — | $602,000 ! | $— | $11,760 | Verified |
| 2022 | $400,120 | — | — | −$38,920 | $361,200 | $— | $8,482 | Verified |
| 2021 | $397,140 | — | — | −$35,940 | $361,200 | $— | $8,709 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.0% | +7.0% | ~100% | Not available | Partial |
| 2025 | -3.9% | -3.9% | ~100% | Not available | Partial |
| 2024 | -5.2% | -5.2% | ~100% | 1.9800% | Verified |
| 2023 | +60.4% | +60.4% | ~100% | 1.7100% | Verified |
| 2022 | +7.3% | +7.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +56.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.0% | +12.6% | +10.7% | +51.3% | 2024 | -3.4% | 2025 |
| Assessment Ratio | 100.0% | 102.4% | — | 140.2% | 2023 | 90.3% | 2022 |
| 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 |
$12,848 | $10,949 | ~$16,381 | $12,943 | 2024 | $8,482 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$703,980 | ~$690,605 | ~2.0139% | ~$13,908 | +12.1% |
| 2027 | ~$789,376 | ~$759,666 | ~1.9814% | ~$15,052 | +25.7% |
| 2028 | ~$885,131 | ~$835,632 | ~1.9488% | ~$16,285 | +41.0% |
| 2029 | ~$992,501 | ~$919,196 | ~1.9163% | ~$17,614 | +58.1% |
| 2030 | ~$1,112,895 | ~$1,011,115 | ~1.8837% | ~$19,047 | +77.3% |
| 2026 | ~$691,424 | ~$690,605 | ~2.0465% | ~$14,133 | +10.1% |
| 2027 | ~$761,468 | ~$759,666 | ~2.0465% | ~$15,546 | +21.3% |
| 2028 | ~$838,608 | ~$835,632 | ~2.0465% | ~$17,101 | +33.6% |
| 2029 | ~$923,562 | ~$919,196 | ~2.0465% | ~$18,811 | +47.1% |
| 2030 | ~$1,017,123 | ~$1,011,115 | ~2.0465% | ~$20,692 | +62.0% |
| 2026 | ~$716,537 | ~$690,605 | ~1.9977% | ~$13,796 | +14.1% |
| 2027 | ~$817,787 | ~$759,666 | ~1.9488% | ~$14,805 | +30.3% |
| 2028 | ~$933,343 | ~$835,632 | ~1.9000% | ~$15,877 | +48.7% |
| 2029 | ~$1,065,228 | ~$919,196 | ~1.8512% | ~$17,016 | +69.7% |
| 2030 | ~$1,215,749 | ~$1,011,115 | ~1.8024% | ~$18,224 | +93.6% |
In 2025, this property's market value of $627,823 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +21% 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 | $627,823 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $650,000 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $429,474 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $400,120 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $397,140 | $300,453 | $376,850 | $539,896 | ↑ 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.