1007 WEST AVE TX 78701
| Owner | PRAKASH FAMILY REVOCABLE TRUST |
|---|---|
| Parcel ID | 0208001203 |
| Short ID | 196668 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,568 SF |
| Land SF | 5,037 SF |
| Acres | 0.116 |
| Year Built | 1916 |
| Legal | N 73 FT OF LOT 8 BLOCK 130 ORIGINAL CITY |
| Neighborhood | Z40005 |
| Land | $1,007,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,007,400 |
| Improvement | $15,559 |
|---|---|
| Total Improvement | $15,559 |
| Market | $1,022,959 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,022,959 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,022,959 |
| Taxable Value | $1,022,959 |
|---|
Appreciation: Market value has risen +46.1% from $700,000 (2021) to $1,022,959 (2025), a CAGR of 9.9% 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 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 $20,935. 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 98% of market value ($1,007,400 land vs $15,559 improvements), about $200/SF of land. With value concentrated in the land under a ~110-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 $1,022,959, 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 +9.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,643,647 by 2030, with an estimated annual tax burden around $30,962. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 1,856 SF | ✓ |
| 2ND | 2nd Floor | 1,712 SF | ✓ |
| 031 | GARAGE DET 1ST F | 468 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 396 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 278 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $9,464.42 | $9,464.42 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,360.48 | $5,360.48 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,844.74 | $3,844.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,207.33 | $1,207.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,057.74 | $1,057.74 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,934.71 | $20,934.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $955,000 | $1,022,959 | -6.6% |
| Assessed Value | $955,000 | $1,022,959 | -6.6% |
| Land Value | $906,660 | $1,007,400 | -10.0% |
| Improvement Value | $48,340 | $15,559 | +210.7% |
| Taxable Value | $955,000 | $1,022,959 | -6.6% |
| Total Tax 2026 = estimate |
~$19,544
Estimated
|
~$20,935
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $955,000 | $955,000 | +0 (+0.0%) |
| Taxable Value | $955,000 | $955,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $955,000 | $906,660 | $48,340 | — | $955,000 | $955,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,022,959 | $1,007,400 | $15,559 | — | $1,022,959 | $1,022,959 | ~$20,935 | Partial |
| 2024 | $1,783,244 | — | — | −$775,844 | $1,007,400 | $— | $22,564 | Verified |
| 2023 | $1,954,266 | — | — | −$874,266 | $1,080,000 | $— | $32,263 | Verified |
| 2022 | $1,208,300 | — | — | −$128,300 | $1,080,000 | $— | $35,701 | Verified |
| 2021 | $700,000 | — | — | — | $702,000 ! | $— | $26,301 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.6% | -6.6% | ~100% | Not available | Partial |
| 2025 | -10.2% | -10.2% | ~100% | Not available | Partial |
| 2024 | -36.2% | -36.2% | ~100% | 1.9800% | Verified |
| 2023 | -8.8% | -8.8% | ~100% | 1.8100% | Verified |
| 2022 | +61.7% | +61.7% | ~100% | 1.8300% | Verified |
| 2021 | base year | — | ~100% | 3.7600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -15.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.6% | +15.3% | +11.5% | +72.6% | 2022 | -42.6% | 2025 |
| Assessment Ratio | 100.0% | 83.6% | — | 100.3% | 2021 | 55.3% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$20,935 | $27,553 | ~$26,652 | $35,701 | 2022 | $20,935 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,124,730 | ~$1,124,730 | ~2.0139% | ~$22,651 | +9.9% |
| 2027 | ~$1,236,626 | ~$1,236,626 | ~1.9814% | ~$24,502 | +20.9% |
| 2028 | ~$1,359,654 | ~$1,359,654 | ~1.9488% | ~$26,497 | +32.9% |
| 2029 | ~$1,494,922 | ~$1,494,922 | ~1.9163% | ~$28,647 | +46.1% |
| 2030 | ~$1,643,647 | ~$1,643,647 | ~1.8837% | ~$30,962 | +60.7% |
| 2026 | ~$1,104,271 | ~$1,104,271 | ~2.0465% | ~$22,599 | +7.9% |
| 2027 | ~$1,192,046 | ~$1,192,046 | ~2.0465% | ~$24,395 | +16.5% |
| 2028 | ~$1,286,798 | ~$1,286,798 | ~2.0465% | ~$26,334 | +25.8% |
| 2029 | ~$1,389,081 | ~$1,389,081 | ~2.0465% | ~$28,427 | +35.8% |
| 2030 | ~$1,499,495 | ~$1,499,495 | ~2.0465% | ~$30,687 | +46.6% |
| 2026 | ~$1,145,189 | ~$1,125,255 | ~1.9977% | ~$22,479 | +11.9% |
| 2027 | ~$1,282,024 | ~$1,237,780 | ~1.9488% | ~$24,122 | +25.3% |
| 2028 | ~$1,435,209 | ~$1,361,558 | ~1.9000% | ~$25,870 | +40.3% |
| 2029 | ~$1,606,698 | ~$1,497,714 | ~1.8512% | ~$27,726 | +57.1% |
| 2030 | ~$1,798,677 | ~$1,647,486 | ~1.8024% | ~$29,694 | +75.8% |
In 2025, this property's market value of $1,022,959 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +97% 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 | $1,022,959 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,783,244 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,954,266 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,208,300 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $700,000 | $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.