721 CONGRESS AVE TX 78701
| Owner | MH HCAUSTIN LLC |
|---|---|
| Parcel ID | 0206030816 |
| Short ID | 923658 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 162,293 SF |
| Land SF | 6,939 SF |
| Acres | 0.159 |
| Year Built | 2021 |
| Legal | LOT 6 BLOCK 084 ORIGINAL CITY |
| Neighborhood | 35CBD1 |
| Land | $5,551,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,551,200 |
| Improvement | $52,448,800 |
|---|---|
| Total Improvement | $52,448,800 |
| Market | $58,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $58,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $58,000,000 |
| Taxable Value | $58,000,000 |
|---|
Appreciation: Market value has risen +975.2% from $5,394,483 (2021) to $58,000,000 (2025), a CAGR of 81.1% 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 $1,186,961. 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 10% of market value ($5,551,200 land vs $52,448,800 improvements), about $800/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $58,000,000, 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 +81.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,129,212,559 by 2030, with an estimated annual tax burden around $1,759,596. 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 | 162,293 SF | ✓ |
Market value changed by 311% 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% | $481,104.00 | $481,104.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $272,488.84 | $272,488.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $195,439.40 | $195,439.40 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $61,371.96 | $61,371.96 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $53,768.00 | $53,768.00 | Paid |
| P2U | — | — | — | — | — | — | $47,637.50 | $47,637.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,111,809.70 | $1,111,809.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $50,500,000 | $58,000,000 | -12.9% |
| Assessed Value | $50,500,000 | $58,000,000 | -12.9% |
| Land Value | $8,326,800 | $5,551,200 | +50.0% |
| Improvement Value | $42,173,200 | $52,448,800 | -19.6% |
| Taxable Value | $50,500,000 | $58,000,000 | -12.9% |
| Total Tax 2026 = estimate |
~$1,033,475
Estimated
|
~$1,111,810
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $50,500,000 | $50,500,000 | +0 (+0.0%) |
| Taxable Value | $50,500,000 | $50,500,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $50,500,000 | $8,326,800 | $42,173,200 | — | $50,500,000 | $50,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $58,000,000 | $5,551,200 | $52,448,800 | — | $58,000,000 | $58,000,000 | ~$1,111,810 | Partial |
| 2024 | $52,360,104 | — | — | −$46,808,904 | $5,551,200 | $— | $1,096,427 | Verified |
| 2023 | $27,500,000 | — | — | −$24,030,500 | $3,469,500 | $— | $995,294 | Verified |
| 2022 | $6,683,713 | — | — | −$3,214,213 | $3,469,500 | $— | $570,104 | Verified |
| 2021 | $5,394,483 | — | — | −$1,924,983 | $3,469,500 | $— | $151,667 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.9% | -12.9% | ~100% | Not available | Partial |
| 2025 | -7.9% | -7.9% | ~100% | Not available | Partial |
| 2024 | +20.3% | +20.3% | ~100% | 1.7400% | Verified |
| 2023 | +90.4% ! | +90.4% | ~100% | 1.9000% | Verified |
| 2022 | +311.4% ! | +311.4% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.8100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +767.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.9% | +84.7% | +86.5% | +311.4% | 2023 | -12.9% | 2026 |
| Assessment Ratio | 100.0% | 56.6% | — | 100.0% | 2025 | 10.6% | 2024 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,111,810 | $785,060 | ~$1,513,352 | $1,111,810 | 2025 | $151,667 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$105,026,172 | ~$63,800,000 | ~2.0139% | ~$1,284,891 | +81.1% |
| 2027 | ~$190,180,978 | ~$70,180,000 | ~1.9814% | ~$1,390,538 | +227.9% |
| 2028 | ~$344,378,966 | ~$77,198,000 | ~1.9488% | ~$1,504,465 | +493.8% |
| 2029 | ~$623,600,074 | ~$84,917,800 | ~1.9163% | ~$1,627,272 | +975.2% |
| 2030 | ~$1,129,212,559 | ~$93,409,580 | ~1.8837% | ~$1,759,596 | +1846.9% |
| 2026 | ~$103,866,172 | ~$63,800,000 | ~2.0465% | ~$1,305,657 | +79.1% |
| 2027 | ~$186,003,131 | ~$70,180,000 | ~2.0465% | ~$1,436,223 | +220.7% |
| 2028 | ~$333,093,674 | ~$77,198,000 | ~2.0465% | ~$1,579,845 | +474.3% |
| 2029 | ~$596,502,840 | ~$84,917,800 | ~2.0465% | ~$1,737,830 | +928.5% |
| 2030 | ~$1,068,214,936 | ~$93,409,580 | ~2.0465% | ~$1,911,613 | +1741.7% |
| 2026 | ~$106,186,172 | ~$63,800,000 | ~1.9977% | ~$1,274,509 | +83.1% |
| 2027 | ~$194,405,225 | ~$70,180,000 | ~1.9488% | ~$1,367,696 | +235.2% |
| 2028 | ~$355,916,320 | ~$77,198,000 | ~1.9000% | ~$1,466,775 | +513.6% |
| 2029 | ~$651,610,196 | ~$84,917,800 | ~1.8512% | ~$1,571,993 | +1023.5% |
| 2030 | ~$1,192,965,380 | ~$93,409,580 | ~1.8024% | ~$1,683,587 | +1956.8% |
In 2025, this property's market value of $58,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 41× 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 | $58,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $52,360,104 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $27,500,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $6,683,713 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $5,394,483 | $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.