3706 GOODWIN AVE TX 78721
| Owner | 3706 GOODWIN LLC |
|---|---|
| Parcel ID | 0207170201 |
| Short ID | 196125 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 161,856 SF |
| Acres | 3.716 |
| Year Built | — |
| Legal | 3.7402 AC OLT 56 DIVISION A |
| Neighborhood | 08EC |
| Land | $12,948,480 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $12,948,480 |
| Improvement | $71,261,520 |
|---|---|
| Total Improvement | $71,261,520 |
| Market | $84,210,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $84,210,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $84,210,000 |
| Taxable Value | $84,210,000 |
|---|
Appreciation: Market value has risen +1123.1% from $6,885,245 (2021) to $84,210,000 (2025), a CAGR of 87.0% 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 $1,723,345. 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 15% of market value ($12,948,480 land vs $71,261,520 improvements), about $80/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $84,210,000, 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 +87.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,926,056,414 by 2030, with an estimated annual tax burden around $2,554,751. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 300,300 SF | ✓ |
Market value changed by 263% in 2023, 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% | $735,534.00 | $735,534.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $416,593.52 | $416,593.52 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $298,796.78 | $298,796.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $93,828.29 | $93,828.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $82,203.00 | $82,203.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,626,955.59 | $1,626,955.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $84,850,000 | $84,210,000 | +0.8% |
| Assessed Value | $84,850,000 | $84,210,000 | +0.8% |
| Land Value | $12,948,480 | $12,948,480 | +0.0% |
| Improvement Value | $71,901,520 | $71,261,520 | +0.9% |
| Taxable Value | $84,850,000 | $84,210,000 | +0.8% |
| Total Tax 2026 = estimate |
~$1,736,443
Estimated
|
~$1,626,956
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $84,850,000 | $84,850,000 | +0 (+0.0%) |
| Taxable Value | $84,850,000 | $84,850,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $84,850,000 | $12,948,480 | $71,901,520 | — | $84,850,000 | $84,850,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $84,210,000 | $12,948,480 | $71,261,520 | — | $84,210,000 | $84,210,000 | ~$1,626,956 | Partial |
| 2024 | $21,188,826 | — | — | −$8,240,346 | $12,948,480 | $— | $952,799 | Verified |
| 2023 | $7,182,676 | — | — | — | $14,567,040 ! | $— | $383,358 | Verified |
| 2022 | $7,100,000 | — | — | −$1,435,040 | $5,664,960 | $— | $141,852 | Verified |
| 2021 | $6,885,245 | — | — | −$1,997,552 | $4,887,693 | $— | $154,544 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.8% | +0.8% | ~100% | Not available | Partial |
| 2025 | +75.2% ! | +75.2% | ~100% | Not available | Partial |
| 2024 | +84.6% ! | +84.6% | ~100% | 1.9800% | Verified |
| 2023 | +262.6% ! | +262.6% | ~100% | 1.4700% | Verified |
| 2022 | +1.2% | +1.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1086.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.8% | +99.5% | +86.7% | +297.4% | 2025 | +0.8% | 2026 |
| Assessment Ratio | 100.0% | 102.5% | — | 202.8% | 2023 | 61.1% | 2024 |
| Effective Tax Rate (2025) | 1.9300% | 1.9300% | — | 1.9300% | 2025 | 1.9300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,626,956 | $651,902 | ~$2,197,231 | $1,626,956 | 2025 | $141,852 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$157,479,756 | ~$92,631,000 | ~2.0139% | ~$1,865,530 | +87.0% |
| 2027 | ~$294,500,341 | ~$101,894,100 | ~1.9814% | ~$2,018,917 | +249.7% |
| 2028 | ~$550,740,315 | ~$112,083,510 | ~1.9488% | ~$2,184,328 | +554.0% |
| 2029 | ~$1,029,930,540 | ~$123,291,861 | ~1.9163% | ~$2,362,631 | +1123.1% |
| 2030 | ~$1,926,056,414 | ~$135,621,047 | ~1.8837% | ~$2,554,751 | +2187.2% |
| 2026 | ~$155,795,556 | ~$92,631,000 | ~2.0465% | ~$1,895,680 | +85.0% |
| 2027 | ~$288,234,835 | ~$101,894,100 | ~2.0465% | ~$2,085,247 | +242.3% |
| 2028 | ~$533,258,597 | ~$112,083,510 | ~2.0465% | ~$2,293,772 | +533.2% |
| 2029 | ~$986,573,090 | ~$123,291,861 | ~2.0465% | ~$2,523,149 | +1071.6% |
| 2030 | ~$1,825,242,887 | ~$135,621,047 | ~2.0465% | ~$2,775,464 | +2067.5% |
| 2026 | ~$159,163,956 | ~$92,631,000 | ~1.9977% | ~$1,850,455 | +89.0% |
| 2027 | ~$300,833,215 | ~$101,894,100 | ~1.9488% | ~$1,985,752 | +257.2% |
| 2028 | ~$568,599,985 | ~$112,083,510 | ~1.9000% | ~$2,129,605 | +575.2% |
| 2029 | ~$1,074,701,619 | ~$123,291,861 | ~1.8512% | ~$2,282,372 | +1176.2% |
| 2030 | ~$2,031,276,115 | ~$135,621,047 | ~1.8024% | ~$2,444,395 | +2312.2% |
In 2025, this property's market value of $84,210,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 162× 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 | $84,210,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $21,188,826 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $7,182,676 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $7,100,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $6,885,245 | $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.