704 W 22 ST TX 78705
| Owner | HARDIN RICHARD G |
|---|---|
| Parcel ID | 0212010710 |
| Short ID | 203564 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 2,143 SF |
| Land SF | 7,027 SF |
| Acres | 0.161 |
| Year Built | 1900 |
| Legal | LOT 6 OLT 33 DIV D SAMPSON SUBD |
| Neighborhood | Z40005 |
| Land | $554,797 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $554,797 |
| Improvement | $228,530 |
|---|---|
| Total Improvement | $228,530 |
| Market | $783,327 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $783,327 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $783,327 |
| Taxable Value | $783,327 |
|---|
Appreciation: Market value has risen +66.6% from $470,161 (2021) to $783,327 (2025), a CAGR of 13.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $16,031. 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 71% of market value ($554,797 land vs $228,530 improvements), about $79/SF of land. With value concentrated in the land under a ~126-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 $783,327, 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 +13.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,482,736 by 2030, with an estimated annual tax burden around $23,764. 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 | 2,143 SF | ✓ |
| 031 | GARAGE DET 1ST F | 360 SF | ✓ |
| 612 | TERRACE UNCOVERD | 336 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 172 SF | ✗ |
| 571 | STORAGE DET | 144 SF | ✓ |
| 631 | PORCH CLOS UNFIN | 49 SF | ✓ |
| 251 | BATHROOM | 2 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% | $7,247.34 | $7,247.34 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,104.77 | $4,104.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,944.10 | $2,944.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $924.51 | $924.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $809.96 | $809.96 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,030.68 | $16,030.68 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $744,992 | $783,327 | -4.9% |
| Assessed Value | $744,992 | $783,327 | -4.9% |
| Land Value | $554,797 | $554,797 | +0.0% |
| Improvement Value | $190,195 | $228,530 | -16.8% |
| Taxable Value | $744,992 | $783,327 | -4.9% |
| Total Tax 2026 = estimate |
~$15,246
Estimated
|
~$16,031
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $925,438 | $744,992 | -180,446 (-19.5%) |
| Taxable Value | $925,438 | $744,992 | -180,446 (-19.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $744,992 | $554,797 | $190,195 | — | $744,992 | $744,992 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $783,327 | $554,797 | $228,530 | — | $783,327 | $783,327 | ~$16,031 | Partial |
| 2024 | $757,598 | — | — | −$157,598 | $600,000 | $— | $15,359 | Verified |
| 2023 | $849,040 | — | — | −$249,040 | $600,000 | $— | $13,707 | Verified |
| 2022 | $594,490 | — | — | — | $600,000 ! | $— | $16,768 | Verified |
| 2021 | $470,161 | — | — | −$80,161 | $390,000 | $— | $12,940 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.1% | +18.1% | ~100% | Not available | Partial |
| 2025 | +1.1% | +1.1% | ~100% | Not available | Partial |
| 2024 | +2.3% | +2.3% | ~100% | 1.9800% | Verified |
| 2023 | -10.8% | -10.8% | ~100% | 1.8100% | Verified |
| 2022 | +42.8% | +42.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.7500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.9% | +11.4% | +14.8% | +42.8% | 2023 | -10.8% | 2024 |
| Assessment Ratio | 100.0% | 89.0% | — | 100.9% | 2022 | 70.7% | 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 |
$16,031 | $14,961 | ~$20,439 | $16,768 | 2022 | $12,940 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$889,953 | ~$861,660 | ~2.0139% | ~$17,353 | +13.6% |
| 2027 | ~$1,011,094 | ~$947,826 | ~1.9814% | ~$18,780 | +29.1% |
| 2028 | ~$1,148,723 | ~$1,042,608 | ~1.9488% | ~$20,319 | +46.6% |
| 2029 | ~$1,305,087 | ~$1,146,869 | ~1.9163% | ~$21,977 | +66.6% |
| 2030 | ~$1,482,736 | ~$1,261,556 | ~1.8837% | ~$23,764 | +89.3% |
| 2026 | ~$874,287 | ~$861,660 | ~2.0465% | ~$17,634 | +11.6% |
| 2027 | ~$975,809 | ~$947,826 | ~2.0465% | ~$19,397 | +24.6% |
| 2028 | ~$1,089,119 | ~$1,042,608 | ~2.0465% | ~$21,337 | +39.0% |
| 2029 | ~$1,215,588 | ~$1,146,869 | ~2.0465% | ~$23,471 | +55.2% |
| 2030 | ~$1,356,742 | ~$1,261,556 | ~2.0465% | ~$25,818 | +73.2% |
| 2026 | ~$905,620 | ~$861,660 | ~1.9977% | ~$17,213 | +15.6% |
| 2027 | ~$1,047,005 | ~$947,826 | ~1.9488% | ~$18,472 | +33.7% |
| 2028 | ~$1,210,463 | ~$1,042,608 | ~1.9000% | ~$19,810 | +54.5% |
| 2029 | ~$1,399,440 | ~$1,146,869 | ~1.8512% | ~$21,231 | +78.7% |
| 2030 | ~$1,617,921 | ~$1,261,556 | ~1.8024% | ~$22,738 | +106.5% |
In 2025, this property's market value of $783,327 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +51% 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 | $783,327 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $757,598 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $849,040 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $594,490 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $470,161 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.