504 W 13 ST TX 78701
| Owner | MURSCH PARTNERS LP |
|---|---|
| Parcel ID | 0210020709 |
| Short ID | 199730 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,835 SF |
| Land SF | 8,832 SF |
| Acres | 0.203 |
| Year Built | 1972 |
| Legal | LOT 2 BLOCK 155 ORIGINAL CITY |
| Neighborhood | 59CBD |
| Land | $2,649,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,649,600 |
| Improvement | $33,715 |
|---|---|
| Total Improvement | $33,715 |
| Market | $2,683,315 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,683,315 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,683,315 |
| Taxable Value | $2,683,315 |
|---|
Appreciation: Market value has risen +82.5% from $1,470,198 (2021) to $2,683,315 (2025), a CAGR of 16.2% 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 $54,914. 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 99% of market value ($2,649,600 land vs $33,715 improvements), about $300/SF of land. With value concentrated in the land under a ~54-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 $2,683,315, 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 +16.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,692,348 by 2030, with an estimated annual tax burden around $81,406. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,298 SF | ✓ |
| 2ND | 2nd Floor | 537 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 182 SF | ✗ |
| 512C | DECK UNCOVRED COMM | 105 SF | ✗ |
| 571C | STORAGE DET COMM | 60 SF | ✓ |
| 612C | TERRACE UNCOVERD COMM | 40 SF | ✗ |
| 581C | STORAGE ATT COMM | 18 SF | ✓ |
| 251 | BATHROOM | 7 SF | ✓ |
Market value changed by 88% 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% | $24,826.03 | $24,826.03 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,061.03 | $14,061.03 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,085.11 | $10,085.11 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,166.93 | $3,166.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,774.55 | $2,774.55 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $54,913.65 | $54,913.65 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,986,689 | $2,683,315 | -26.0% |
| Assessed Value | $1,986,689 | $2,683,315 | -26.0% |
| Land Value | $1,589,760 | $2,649,600 | -40.0% |
| Improvement Value | $396,929 | $33,715 | +1077.3% |
| Taxable Value | $1,986,689 | $2,683,315 | -26.0% |
| Total Tax 2026 = estimate |
~$40,657
Estimated
|
~$54,914
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,986,689 | $1,986,689 | +0 (+0.0%) |
| Taxable Value | $1,986,689 | $1,986,689 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,986,689 | $1,589,760 | $396,929 | — | $1,986,689 | $1,986,689 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,683,315 | $2,649,600 | $33,715 | — | $2,683,315 | $2,683,315 | ~$54,914 | Partial |
| 2024 | $1,810,833 | — | — | — | $2,649,600 ! | $— | $43,065 | Verified |
| 2023 | $1,551,453 | — | — | — | $2,649,600 ! | $— | $32,762 | Verified |
| 2022 | $1,696,626 | — | — | −$371,826 | $1,324,800 | $— | $30,640 | Verified |
| 2021 | $1,470,198 | — | — | −$145,398 | $1,324,800 | $— | $36,930 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -26.0% | -26.0% | ~100% | Not available | Partial |
| 2025 | -1.1% | +23.5% | ~100% | Not available | Partial |
| 2024 | -6.8% | -25.4% | 80.1% | 1.5900% | Verified |
| 2023 | +87.7% ! | +87.7% | ~100% | 1.1300% | Verified |
| 2022 | -8.6% | -8.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +58.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -26.0% | +9.1% | +24.4% | +48.2% | 2025 | -26.0% | 2026 |
| Assessment Ratio | 100.0% | 114.2% | — | 170.8% | 2023 | 78.1% | 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 |
$54,914 | $39,662 | ~$70,014 | $54,914 | 2025 | $30,640 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,118,858 | ~$2,951,647 | ~2.0139% | ~$59,444 | +16.2% |
| 2027 | ~$3,625,097 | ~$3,246,811 | ~1.9814% | ~$64,332 | +35.1% |
| 2028 | ~$4,213,505 | ~$3,571,492 | ~1.9488% | ~$69,603 | +57.0% |
| 2029 | ~$4,897,422 | ~$3,928,641 | ~1.9163% | ~$75,284 | +82.5% |
| 2030 | ~$5,692,348 | ~$4,321,506 | ~1.8837% | ~$81,406 | +112.1% |
| 2026 | ~$3,065,192 | ~$2,951,647 | ~2.0465% | ~$60,405 | +14.2% |
| 2027 | ~$3,501,416 | ~$3,246,811 | ~2.0465% | ~$66,446 | +30.5% |
| 2028 | ~$3,999,721 | ~$3,571,492 | ~2.0465% | ~$73,090 | +49.1% |
| 2029 | ~$4,568,942 | ~$3,928,641 | ~2.0465% | ~$80,399 | +70.3% |
| 2030 | ~$5,219,172 | ~$4,321,506 | ~2.0465% | ~$88,439 | +94.5% |
| 2026 | ~$3,172,524 | ~$2,951,647 | ~1.9977% | ~$58,964 | +18.2% |
| 2027 | ~$3,750,924 | ~$3,246,811 | ~1.9488% | ~$63,275 | +39.8% |
| 2028 | ~$4,434,775 | ~$3,571,492 | ~1.9000% | ~$67,859 | +65.3% |
| 2029 | ~$5,243,302 | ~$3,928,641 | ~1.8512% | ~$72,727 | +95.4% |
| 2030 | ~$6,199,237 | ~$4,321,506 | ~1.8024% | ~$77,890 | +131.0% |
In 2025, this property's market value of $2,683,315 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 5× 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 | $2,683,315 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,810,833 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,551,453 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,696,626 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,470,198 | $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.