720 CONGRESS AVE TX 78701
| Owner | CAPRON WOODS INVESTMENTS LLC |
|---|---|
| Parcel ID | 0206030308 |
| Short ID | 194361 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 3,382 SF |
| Land SF | 2,560 SF |
| Acres | 0.059 |
| Year Built | 1929 |
| Legal | S 16FT OF LOT 6 BLOCK 083 ORIGINAL CITY |
| Neighborhood | 20CBD |
| Land | $2,048,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,048,000 |
| Improvement | $57,010 |
|---|---|
| Total Improvement | $57,010 |
| Market | $2,105,010 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,105,010 |
| Value Limitation Adjustment (−) (homestead cap) | −$95,694 |
| Net Appraised (assessed) | $2,009,316 |
| Taxable Value | $2,009,316 |
|---|
Appreciation: Market value has risen +42.8% from $1,474,240 (2021) to $2,105,010 (2025), a CAGR of 9.3% 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 $41,120. Austin ISD is the largest single contributor, at 43.7% of the total 2025 levy.
Assessment Gap: Assessed value ($2,009,316) is $95,694 below market value, suggesting potential for an upward assessment in future years.
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 97% of market value ($2,048,000 land vs $57,010 improvements), about $800/SF of land. With value concentrated in the land under a ~97-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 $2,105,010, this parcel sits in the upper-middle (50th–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 +9.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,285,577 by 2030, with an estimated annual tax burden around $60,958. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,118 SF | ✓ |
| 2ND | 2nd Floor | 1,264 SF | ✓ |
| 501 | CANOPY | 42 SF | ✗ |
| 611 | TERRACE | 42 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% | $18,590.19 | $18,590.19 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,529.16 | $10,529.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,551.91 | $7,551.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,371.46 | $2,371.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,077.63 | $2,077.63 | Paid |
| P2U | — | — | — | — | — | — | $1,396.12 | $1,396.12 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $42,516.47 | $42,516.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,084,804 | $2,105,010 | -48.5% |
| Assessed Value | $1,084,804 | $2,009,316 | -46.0% |
| Land Value | $1,024,000 | $2,048,000 | -50.0% |
| Improvement Value | $60,804 | $57,010 | +6.7% |
| Taxable Value | $1,084,804 | $2,009,316 | -46.0% |
| Total Tax 2026 = estimate |
~$22,200
Estimated
|
~$42,516
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,084,804 | $1,084,804 | +0 (+0.0%) |
| Taxable Value | $1,084,804 | $1,084,804 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,084,804 | $1,024,000 | $60,804 | — | $1,084,804 | $1,084,804 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,105,010 | $2,048,000 | $57,010 | −$95,694 | $2,009,316 | $2,009,316 | ~$42,516 | Partial |
| 2024 | $1,395,358 | — | — | — | $2,048,000 ! | $— | $34,270 | Verified |
| 2023 | $1,419,910 | — | — | −$139,910 | $1,280,000 | $— | $26,074 | Verified |
| 2022 | $1,374,828 | — | — | −$94,828 | $1,280,000 | $— | $28,962 | Verified |
| 2021 | $1,474,240 | — | — | −$194,240 | $1,280,000 | $— | $30,800 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -48.5% | -46.0% | ~100% | Not available | Partial |
| 2025 | -2.6% | +20.0% | 95.4% | Not available | Partial |
| 2024 | +54.9% | +20.0% | 77.5% | 1.5900% | Verified |
| 2023 | -1.7% | -1.7% | ~100% | 1.8700% | Verified |
| 2022 | +3.3% | +3.3% | ~100% | 2.0400% | Verified |
| 2021 | base year | — | ~100% | 2.0900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +53.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -48.5% | -0.5% | +29.9% | +50.9% | 2025 | -48.5% | 2026 |
| Assessment Ratio | 100.0% | 102.0% | — | 146.8% | 2024 | 86.8% | 2021 |
| Effective Tax Rate (2025) | 2.0200% | 2.0200% | — | 2.0200% | 2025 | 2.0200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$42,516 | $32,525 | ~$52,428 | $42,516 | 2025 | $26,074 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,301,048 | ~$2,210,248 | ~2.0139% | ~$44,513 | +9.3% |
| 2027 | ~$2,515,343 | ~$2,431,272 | ~1.9814% | ~$48,173 | +19.5% |
| 2028 | ~$2,749,594 | ~$2,674,400 | ~1.9488% | ~$52,120 | +30.6% |
| 2029 | ~$3,005,662 | ~$2,941,840 | ~1.9163% | ~$56,374 | +42.8% |
| 2030 | ~$3,285,577 | ~$3,236,024 | ~1.8837% | ~$60,958 | +56.1% |
| 2026 | ~$2,258,948 | ~$2,210,248 | ~2.0465% | ~$45,232 | +7.3% |
| 2027 | ~$2,424,143 | ~$2,424,143 | ~2.0465% | ~$49,610 | +15.2% |
| 2028 | ~$2,601,418 | ~$2,601,418 | ~2.0465% | ~$53,238 | +23.6% |
| 2029 | ~$2,791,658 | ~$2,791,658 | ~2.0465% | ~$57,131 | +32.6% |
| 2030 | ~$2,995,810 | ~$2,995,810 | ~2.0465% | ~$61,309 | +42.3% |
| 2026 | ~$2,343,148 | ~$2,210,248 | ~1.9977% | ~$44,153 | +11.3% |
| 2027 | ~$2,608,227 | ~$2,431,272 | ~1.9488% | ~$47,382 | +23.9% |
| 2028 | ~$2,903,293 | ~$2,674,400 | ~1.9000% | ~$50,814 | +37.9% |
| 2029 | ~$3,231,740 | ~$2,941,840 | ~1.8512% | ~$54,459 | +53.5% |
| 2030 | ~$3,597,344 | ~$3,236,024 | ~1.8024% | ~$58,325 | +70.9% |
In 2025, this property's market value of $2,105,010 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +49% above 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 | $2,105,010 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,395,358 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,419,910 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,374,828 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,474,240 | $517,750 | $1,142,600 | $2,780,453 | ↑ 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.