201 E 3 ST TX
| Owner | 201 E 3RD SERIES |
|---|---|
| Parcel ID | 0205021001 |
| Short ID | 192840 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 347,587 SF |
| Land SF | 17,664 SF |
| Acres | 0.406 |
| Year Built | 2021 |
| Legal | LOT 10-12 BLOCK 017 ORIGINAL CITY (TOTAL SQ FT 17664) |
| Neighborhood | 52CBD |
| Land | $22,963,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $22,963,200 |
| Improvement | $165,393,079 |
|---|---|
| Total Improvement | $165,393,079 |
| Market | $188,356,279 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $188,356,279 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $188,356,279 |
| Taxable Value | $188,356,279 |
|---|
Appreciation: Market value has risen +1505.8% from $11,729,953 (2021) to $188,356,279 (2025), a CAGR of 100.2% 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 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 $3,854,683. Austin ISD is the largest single contributor, at 43.3% 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 12% of market value ($22,963,200 land vs $165,393,079 improvements), about $1,300/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $188,356,279, this parcel sits in the top quartile (≥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 +100.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,054,592,105 by 2030, with an estimated annual tax burden around $5,714,327. 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 | 347,587 SF | ✓ |
Market value changed by 258% 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% | $1,742,672.29 | $1,742,672.29 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $987,018.92 | $987,018.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $707,927.66 | $707,927.66 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $222,303.73 | $222,303.73 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $194,760.39 | $194,760.39 | Paid |
| P2U | — | — | — | — | — | — | $173,767.06 | $173,767.06 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $4,028,450.05 | $4,028,450.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $173,400,000 | $188,356,279 | -7.9% |
| Assessed Value | $173,400,000 | $188,356,279 | -7.9% |
| Land Value | $24,729,600 | $22,963,200 | +7.7% |
| Improvement Value | $148,670,400 | $165,393,079 | -10.1% |
| Taxable Value | $173,400,000 | $188,356,279 | -7.9% |
| Total Tax 2026 = estimate |
~$3,548,605
Estimated
|
~$4,028,450
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $207,715,068 | $173,400,000 | -34,315,068 (-16.5%) |
| Taxable Value | $207,715,068 | $173,400,000 | -34,315,068 (-16.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $173,400,000 | $24,729,600 | $148,670,400 | — | $173,400,000 | $173,400,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $188,356,279 | $22,963,200 | $165,393,079 | — | $188,356,279 | $188,356,279 | ~$4,028,450 | Partial |
| 2024 | $99,500,000 | — | — | −$76,536,800 | $22,963,200 | $— | $3,687,149 | Verified |
| 2023 | $41,988,616 | — | — | −$19,025,416 | $22,963,200 | $— | $1,899,171 | Verified |
| 2022 | $11,733,321 | — | — | −$251,721 | $11,481,600 | $— | $870,731 | Verified |
| 2021 | $11,729,953 | — | — | −$248,353 | $11,481,600 | $— | $266,630 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.3% | +10.3% | ~100% | Not available | Partial |
| 2025 | +6.0% | +6.0% | ~100% | Not available | Partial |
| 2024 | +55.3% | +55.3% | ~100% | 2.0700% | Verified |
| 2023 | +172.7% ! | +172.7% | ~100% | 1.6600% | Verified |
| 2022 | +257.9% ! | +257.9% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1505.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.9% | +95.3% | +103.6% | +257.9% | 2023 | -7.9% | 2026 |
| Assessment Ratio | 100.0% | 78.9% | — | 100.0% | 2025 | 23.1% | 2024 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$4,028,450 | $2,150,426 | ~$4,914,646 | $4,028,450 | 2025 | $266,630 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$377,051,836 | ~$207,191,907 | ~2.0139% | ~$4,172,713 | +100.2% |
| 2027 | ~$754,782,839 | ~$227,911,098 | ~1.9814% | ~$4,515,803 | +300.7% |
| 2028 | ~$1,510,925,236 | ~$250,702,207 | ~1.9488% | ~$4,885,784 | +702.2% |
| 2029 | ~$3,024,572,037 | ~$275,772,428 | ~1.9163% | ~$5,284,602 | +1505.8% |
| 2030 | ~$6,054,592,105 | ~$303,349,671 | ~1.8837% | ~$5,714,327 | +3114.4% |
| 2026 | ~$373,284,710 | ~$207,191,907 | ~2.0465% | ~$4,240,151 | +98.2% |
| 2027 | ~$739,776,108 | ~$227,911,098 | ~2.0465% | ~$4,664,166 | +292.8% |
| 2028 | ~$1,466,089,221 | ~$250,702,207 | ~2.0465% | ~$5,130,583 | +678.4% |
| 2029 | ~$2,905,497,461 | ~$275,772,428 | ~2.0465% | ~$5,643,641 | +1442.6% |
| 2030 | ~$5,758,118,521 | ~$303,349,671 | ~2.0465% | ~$6,208,006 | +2957.0% |
| 2026 | ~$380,818,962 | ~$207,191,907 | ~1.9977% | ~$4,138,995 | +102.2% |
| 2027 | ~$769,940,255 | ~$227,911,098 | ~1.9488% | ~$4,441,622 | +308.8% |
| 2028 | ~$1,556,666,176 | ~$250,702,207 | ~1.9000% | ~$4,763,384 | +726.4% |
| 2029 | ~$3,147,269,630 | ~$275,772,428 | ~1.8512% | ~$5,105,083 | +1570.9% |
| 2030 | ~$6,363,153,694 | ~$303,349,671 | ~1.8024% | ~$5,467,487 | +3278.3% |
In 2025, this property's market value of $188,356,279 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 133× 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 | $188,356,279 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $99,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $41,988,616 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $11,733,321 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $11,729,953 | $517,750 | $1,142,600 | $2,780,453 | ↑ 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.