2504 NEW YORK DR TX 78702
| Owner | 2008 EAST AUSTIN MOUNT CARMEL I LP |
|---|---|
| Parcel ID | 0208111612 |
| Short ID | 197671 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 71,984 SF |
| Land SF | 418,176 SF |
| Acres | 9.600 |
| Year Built | 1971 |
| Legal | LOT 4 ROSEWOOD VILLAGE SEC 4 |
| Neighborhood | 08EC |
| Land | $33,454,080 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $33,454,080 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $15,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,100,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,100,000 |
| Taxable Value | $15,100,000 |
|---|
Appreciation: Market value has risen +114.8% from $7,030,000 (2021) to $15,100,000 (2025), a CAGR of 21.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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 $309,019. 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 222% of market value ($33,454,080 land vs $0 improvements), about $80/SF of land. With value concentrated in the land under a ~55-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 $15,100,000, 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 +21.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $39,264,853 by 2030, with an estimated annual tax burden around $458,102. 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.
18 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 135,908 SF | ✗ |
| 1ST | 1st Floor | 40,560 SF | ✓ |
| 2ND | 2nd Floor | 31,424 SF | ✓ |
| 551 | PAVED AREA | 13,500 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 5,856 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 2,164 SF | ✗ |
| 571C | STORAGE DET COMM | 2,016 SF | ✓ |
| 611 | TERRACE | 728 SF | ✗ |
| 581C | STORAGE ATT COMM | 56 SF | ✓ |
| MISC | Miscellaneous | 15 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 299 | ALL FLAT VALUE | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 509 | CANOPY FV | 1 SF | ✗ |
Market value changed by 164% 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% | $139,705.20 | $139,705.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $79,126.57 | $79,126.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $56,752.60 | $56,752.60 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $17,821.47 | $17,821.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $15,613.40 | $15,613.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $309,019.24 | $309,019.24 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $34,358,494 | $15,100,000 | +127.5% |
| Assessed Value | $34,358,494 | $15,100,000 | +127.5% |
| Land Value | $33,454,080 | $33,454,080 | +0.0% |
| Improvement Value | $904,414 | — | — |
| Taxable Value | $34,358,494 | $15,100,000 | +127.5% |
| Total Tax 2026 = estimate |
~$703,141
Estimated
|
~$309,019
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $34,358,494 | $34,358,494 | +0 (+0.0%) |
| Taxable Value | $34,358,494 | $34,358,494 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $34,358,494 | $33,454,080 | $904,414 | — | $34,358,494 | $34,358,494 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $15,100,000 | $33,454,080 | — | — | $15,100,000 | $15,100,000 | ~$309,019 | Partial |
| 2024 | $15,100,000 | — | — | — | $15,100,000 | $— | $299,254 | Verified |
| 2023 | $13,390,509 | — | — | — | $33,454,080 ! | $— | $273,196 | Verified |
| 2022 | $12,450,000 | — | — | −$5,759,184 | $6,690,816 | $— | $264,452 | Verified |
| 2021 | $7,030,000 | — | — | −$339,184 | $6,690,816 | $— | $270,997 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +127.5% ! | +127.5% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -57.3% | -57.3% | ~100% | 1.9800% | Verified |
| 2023 | +164.0% ! | +164.0% | ~100% | 0.7700% | Verified |
| 2022 | +7.6% | +7.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.8500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +21.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +127.5% | +45.0% | +7.5% | +127.5% | 2026 | +0.0% | 2025 |
| Assessment Ratio | 100.0% | 116.5% | — | 249.8% | 2023 | 53.7% | 2022 |
| 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 |
$309,019 | $283,384 | ~$393,994 | $309,019 | 2025 | $264,452 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$18,280,259 | ~$16,610,000 | ~2.0139% | ~$334,515 | +21.1% |
| 2027 | ~$22,130,323 | ~$18,271,000 | ~1.9814% | ~$362,019 | +46.6% |
| 2028 | ~$26,791,262 | ~$20,098,100 | ~1.9488% | ~$391,680 | +77.4% |
| 2029 | ~$32,433,855 | ~$22,107,910 | ~1.9163% | ~$423,652 | +114.8% |
| 2030 | ~$39,264,853 | ~$24,318,701 | ~1.8837% | ~$458,102 | +160.0% |
| 2026 | ~$17,978,259 | ~$16,610,000 | ~2.0465% | ~$339,921 | +19.1% |
| 2027 | ~$21,405,153 | ~$18,271,000 | ~2.0465% | ~$373,913 | +41.8% |
| 2028 | ~$25,485,258 | ~$20,098,100 | ~2.0465% | ~$411,305 | +68.8% |
| 2029 | ~$30,343,084 | ~$22,107,910 | ~2.0465% | ~$452,435 | +100.9% |
| 2030 | ~$36,126,877 | ~$24,318,701 | ~2.0465% | ~$497,679 | +139.3% |
| 2026 | ~$18,582,259 | ~$16,610,000 | ~1.9977% | ~$331,812 | +23.1% |
| 2027 | ~$22,867,574 | ~$18,271,000 | ~1.9488% | ~$356,072 | +51.4% |
| 2028 | ~$28,141,138 | ~$20,098,100 | ~1.9000% | ~$381,867 | +86.4% |
| 2029 | ~$34,630,856 | ~$22,107,910 | ~1.8512% | ~$409,260 | +129.3% |
| 2030 | ~$42,617,189 | ~$24,318,701 | ~1.8024% | ~$438,313 | +182.2% |
In 2025, this property's market value of $15,100,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 29× 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 | $15,100,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $15,100,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $13,390,509 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $12,450,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $7,030,000 | $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.