1002 WHEELESS ST TX 78702
| Owner | GUADALUPE NEIGHBORHOOD |
|---|---|
| Parcel ID | 0205071002 |
| Short ID | 192997 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,916 SF |
| Land SF | 11,776 SF |
| Acres | 0.270 |
| Year Built | 2007 |
| Legal | LOT 16-17 BLK 4 OLT 4 DIV B STUART & MAIR SUBD IMP ONLY |
| Neighborhood | E2005 |
| Land | $481,763 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $481,763 |
| Improvement | $872,533 |
|---|---|
| Total Improvement | $872,533 |
| Market | $1,450,390 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,450,390 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,450,390 |
| Exemptions (−) | −$1,354,296 |
|---|---|
| Taxable Value | $96,094 |
Appreciation: Market value has risen +117.4% from $667,186 (2021) to $1,450,390 (2025), a CAGR of 21.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $1,967. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 33% of market value ($481,763 land vs $872,533 improvements), about $41/SF of land. Most value sits in the improvements, so building condition, age (~19 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,450,390, 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 +21.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,828,531 by 2030, with an estimated annual tax burden around $44,002. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 1,916 SF | ✗ |
| 1ST | 1st Floor | 958 SF | ✓ |
| 2ND | 2nd Floor | 958 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 186 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 96 SF | ✗ |
| 612 | TERRACE UNCOVERD | 48 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 192997 | GUADALUPE NEIGHBORHOOD | 1005 LYDIA ST 78702 | $1,354,296 | $1,354,296 | $0 |
| 782343 | GUADALUPE NEIGHBORHOOD | 1002 WHEELESS ST 78702 | $155,001 | $115,313 | $57,657 |
Market value changed by 88% 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% | $444.53 | $444.53 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $251.77 | $251.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $180.58 | $180.58 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $56.71 | $56.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $49.68 | $49.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $983.27 | $983.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,509,297 | $1,450,390 | +4.1% |
| Assessed Value | $1,469,609 | $1,450,390 | +1.3% |
| Land Value | $481,763 | $481,763 | +0.0% |
| Improvement Value | $872,533 | $872,533 | +0.0% |
| Taxable Value | $57,657 | $96,094 | -40.0% |
| Exemptions | — | E,I | |
| HS Cap Loss | -$39,688 | — | |
| Total Tax 2026 = estimate |
~$1,180
Estimated
|
~$983
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,509,297 | $1,509,297 | +0 (+0.0%) |
| Taxable Value | $115,313 | $57,657 | -57,656 (-50.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,509,297 | $481,763 | $872,533 | −$39,688 | $1,469,609 | $57,657 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,450,390 | $481,763 | $872,533 | — | $1,450,390 | $96,094 | ~$983 | Partial |
| 2024 | $965,031 | — | — | — | — | $— | $952 | Verified |
| 2023 | $953,338 | — | — | — | — | $— | $902 | Verified |
| 2022 | $905,276 | — | — | −$855,443 | $49,833 | $— | $984 | Verified |
| 2021 | $667,186 | — | — | — | — | $— | $1,070 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +61.3% | +20.0% | 74.4% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -3.6% | -3.6% | ~100% | 0.1100% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 0.0900% | Verified |
| 2022 | -87.6% ! | -87.6% | ~100% | 0.1000% | Verified |
| 2021 | base year | — | ~100% | 0.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -88.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.1% | +19.3% | +20.5% | +50.3% | 2025 | +1.2% | 2024 |
| Assessment Ratio | 97.4% | 67.6% | — | 100.0% | 2025 | 5.5% | 2022 |
| Effective Tax Rate (2025) | 1.0200% | 1.0200% | — | 1.0200% | 2025 | 1.0200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$983 | $978 | ~$37,844 | $1,070 | 2021 | $902 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,761,142 | ~$1,595,429 | ~2.0139% | ~$32,131 | +21.4% |
| 2027 | ~$2,138,473 | ~$1,754,972 | ~1.9814% | ~$34,773 | +47.4% |
| 2028 | ~$2,596,649 | ~$1,930,469 | ~1.9488% | ~$37,622 | +79.0% |
| 2029 | ~$3,152,991 | ~$2,123,516 | ~1.9163% | ~$40,693 | +117.4% |
| 2030 | ~$3,828,531 | ~$2,335,868 | ~1.8837% | ~$44,002 | +164.0% |
| 2026 | ~$1,732,134 | ~$1,595,429 | ~2.0465% | ~$32,650 | +19.4% |
| 2027 | ~$2,068,607 | ~$1,754,972 | ~2.0465% | ~$35,915 | +42.6% |
| 2028 | ~$2,470,442 | ~$1,930,469 | ~2.0465% | ~$39,507 | +70.3% |
| 2029 | ~$2,950,335 | ~$2,123,516 | ~2.0465% | ~$43,457 | +103.4% |
| 2030 | ~$3,523,449 | ~$2,335,868 | ~2.0465% | ~$47,803 | +142.9% |
| 2026 | ~$1,790,149 | ~$1,595,429 | ~1.9977% | ~$31,871 | +23.4% |
| 2027 | ~$2,209,499 | ~$1,754,972 | ~1.9488% | ~$34,202 | +52.3% |
| 2028 | ~$2,727,082 | ~$1,930,469 | ~1.9000% | ~$36,679 | +88.0% |
| 2029 | ~$3,365,911 | ~$2,123,516 | ~1.8512% | ~$39,310 | +132.1% |
| 2030 | ~$4,154,389 | ~$2,335,868 | ~1.8024% | ~$42,101 | +186.4% |
In 2025, this property's market value of $1,450,390 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +179% 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 | $1,450,390 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $965,031 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $953,338 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $905,276 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $667,186 | $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.