700 W 22 ST TX 78705
| Owner | MIRAD FAMILY LIMITED PARTNERSHIP |
|---|---|
| Parcel ID | 0212010709 |
| Short ID | 203563 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,292 SF |
| Land SF | 5,798 SF |
| Acres | 0.133 |
| Year Built | 1978 |
| Legal | LOT 7-A OLT 33 DIV D BOWER HEFLY ADDN |
| Neighborhood | 05WC |
| Land | $869,760 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $869,760 |
| Improvement | $31,450 |
|---|---|
| Total Improvement | $31,450 |
| Market | $901,210 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $901,210 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $901,210 |
| Taxable Value | $901,210 |
|---|
Appreciation: Market value has risen +11.7% from $806,540 (2021) to $901,210 (2025), a CAGR of 2.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 lagged 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 $18,443. 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 97% of market value ($869,760 land vs $31,450 improvements), about $150/SF of land. With value concentrated in the land under a ~48-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 $901,210, 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 +2.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,035,324 by 2030, with an estimated annual tax burden around $19,503. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,646 SF | ✓ |
| 2ND | 2nd Floor | 1,646 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,592 SF | ✗ |
| 551 | PAVED AREA | 820 SF | ✗ |
| 512C | DECK UNCOVRED COMM | 211 SF | ✗ |
| SO | Sketch Only | 211 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 55 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 48 SF | ✗ |
| 251 | BATHROOM | 5 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% | $8,337.99 | $8,337.99 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,722.49 | $4,722.49 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,387.15 | $3,387.15 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,063.64 | $1,063.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $931.85 | $931.85 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,443.12 | $18,443.12 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $902,478 | $901,210 | +0.1% |
| Assessed Value | $902,478 | $901,210 | +0.1% |
| Land Value | $869,760 | $869,760 | +0.0% |
| Improvement Value | $32,718 | $31,450 | +4.0% |
| Taxable Value | $902,478 | $901,210 | +0.1% |
| Total Tax 2026 = estimate |
~$18,469
Estimated
|
~$18,443
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $987,600 | $902,478 | -85,122 (-8.6%) |
| Taxable Value | $987,600 | $902,478 | -85,122 (-8.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $902,478 | $869,760 | $32,718 | — | $902,478 | $902,478 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $901,210 | $869,760 | $31,450 | — | $901,210 | $901,210 | ~$18,443 | Partial |
| 2024 | $872,380 | — | — | −$2,620 | $869,760 | $— | $17,615 | Verified |
| 2023 | $806,540 | — | — | — | $869,760 ! | $— | $15,784 | Verified |
| 2022 | $781,850 | — | — | −$259,994 | $521,856 | $— | $15,929 | Verified |
| 2021 | $806,540 | — | — | −$284,684 | $521,856 | $— | $17,018 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.6% | +9.6% | ~100% | Not available | Partial |
| 2025 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2024 | +1.9% | +1.9% | ~100% | 1.9800% | Verified |
| 2023 | +8.2% | +8.2% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +2.3% | +2.8% | +8.2% | 2024 | -3.1% | 2022 |
| Assessment Ratio | 100.0% | 89.8% | — | 107.8% | 2023 | 64.7% | 2021 |
| 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 |
$18,443 | $16,958 | ~$19,085 | $18,443 | 2025 | $15,784 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$926,565 | ~$926,565 | ~2.0139% | ~$18,660 | +2.8% |
| 2027 | ~$952,634 | ~$952,634 | ~1.9814% | ~$18,875 | +5.7% |
| 2028 | ~$979,436 | ~$979,436 | ~1.9488% | ~$19,088 | +8.7% |
| 2029 | ~$1,006,992 | ~$1,006,992 | ~1.9163% | ~$19,297 | +11.7% |
| 2030 | ~$1,035,324 | ~$1,035,324 | ~1.8837% | ~$19,503 | +14.9% |
| 2026 | ~$908,541 | ~$908,541 | ~2.0465% | ~$18,593 | +0.8% |
| 2027 | ~$915,932 | ~$915,932 | ~2.0465% | ~$18,744 | +1.6% |
| 2028 | ~$923,383 | ~$923,383 | ~2.0465% | ~$18,897 | +2.5% |
| 2029 | ~$930,894 | ~$930,894 | ~2.0465% | ~$19,051 | +3.3% |
| 2030 | ~$938,467 | ~$938,467 | ~2.0465% | ~$19,206 | +4.1% |
| 2026 | ~$944,589 | ~$944,589 | ~1.9977% | ~$18,870 | +4.8% |
| 2027 | ~$990,057 | ~$990,057 | ~1.9488% | ~$19,295 | +9.9% |
| 2028 | ~$1,037,713 | ~$1,037,713 | ~1.9000% | ~$19,717 | +15.1% |
| 2029 | ~$1,087,663 | ~$1,087,663 | ~1.8512% | ~$20,135 | +20.7% |
| 2030 | ~$1,140,018 | ~$1,140,018 | ~1.8024% | ~$20,547 | +26.5% |
In 2025, this property's market value of $901,210 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +73% 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 | $901,210 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $872,380 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $806,540 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $781,850 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $806,540 | $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.