706 W M L KING JR BLVD TX 78701
| Owner | ACC OP (PEARL STREET) LLC |
|---|---|
| Parcel ID | 0212011415 |
| Short ID | 203761 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 66,378 SF |
| Land SF | 48,787 SF |
| Acres | 1.120 |
| Year Built | 2014 |
| Legal | 1.120 AC OF OLT 24 DIVISION D |
| Neighborhood | 08WC |
| Land | $14,636,100 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $14,636,100 |
| Improvement | $35,363,900 |
|---|---|
| Total Improvement | $35,363,900 |
| Market | $50,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $50,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $50,000,000 |
| Taxable Value | $50,000,000 |
|---|
Appreciation: Market value has fallen -9.0% from $54,930,000 (2021) to $50,000,000 (2025), a CAGR of -2.3% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $1,023,242. 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 29% of market value ($14,636,100 land vs $35,363,900 improvements), about $300/SF of land. Most value sits in the improvements, so building condition, age (~12 yrs), and rent roll drive the underwriting.
Submarket Position: At $50,000,000, 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 -2.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $44,454,989 by 2030, with an estimated annual tax burden around $837,418. 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 96,616 SF | ✓ |
| 3RD | 3rd Floor | 29,790 SF | ✓ |
| 4TH | 4th Floor | 29,790 SF | ✓ |
| 2ND | 2nd Floor | 29,248 SF | ✓ |
| ADDL | Additional Floor | 28,713 SF | ✓ |
| 5TH | 5th Floor | 27,715 SF | ✓ |
| 1ST | 1st Floor | 7,340 SF | ✓ |
| 611 | TERRACE | 4,928 SF | ✗ |
| MISC | Miscellaneous | 3,929 SF | ✓ |
| 327 | STORAGE COMM'L | 3,791 SF | ✓ |
| 501 | CANOPY | 1,443 SF | ✗ |
| 601 | POOL COMM'L | 1,002 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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% | $462,600.00 | $462,600.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $262,008.50 | $262,008.50 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $187,922.50 | $187,922.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $59,011.50 | $59,011.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $51,700.00 | $51,700.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,023,242.50 | $1,023,242.50 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $47,500,000 | $50,000,000 | -5.0% |
| Assessed Value | $47,500,000 | $50,000,000 | -5.0% |
| Land Value | $7,318,050 | $14,636,100 | -50.0% |
| Improvement Value | $40,181,950 | $35,363,900 | +13.6% |
| Taxable Value | $47,500,000 | $50,000,000 | -5.0% |
| Total Tax 2026 = estimate |
~$972,080
Estimated
|
~$1,023,242
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $49,732,616 | $47,500,000 | -2,232,616 (-4.5%) |
| Taxable Value | $49,732,616 | $47,500,000 | -2,232,616 (-4.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $47,500,000 | $7,318,050 | $40,181,950 | — | $47,500,000 | $47,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $50,000,000 | $14,636,100 | $35,363,900 | — | $50,000,000 | $50,000,000 | ~$1,023,242 | Partial |
| 2024 | $49,400,000 | — | — | −$34,763,900 | $14,636,100 | $— | $990,028 | Verified |
| 2023 | $47,500,000 | — | — | −$32,863,900 | $14,636,100 | $— | $895,523 | Verified |
| 2022 | $46,300,000 | — | — | −$33,615,380 | $12,684,620 | $— | $939,835 | Verified |
| 2021 | $54,930,000 | — | — | −$46,148,340 | $8,781,660 | $— | $1,009,794 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.5% | -0.5% | ~100% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | -2.4% | -2.4% | ~100% | 1.9800% | Verified |
| 2023 | +3.9% | +3.9% | ~100% | 1.7500% | Verified |
| 2022 | +2.2% | +2.2% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 1.8400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.0% | -2.6% | -1.3% | +4.0% | 2024 | -15.7% | 2022 |
| Assessment Ratio | 100.0% | 50.6% | — | 100.0% | 2025 | 16.0% | 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 |
$1,023,242 | $971,685 | ~$909,279 | $1,023,242 | 2025 | $895,523 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$48,838,251 | ~$48,838,251 | ~2.0139% | ~$983,571 | -2.3% |
| 2027 | ~$47,703,496 | ~$47,703,496 | ~1.9814% | ~$945,191 | -4.6% |
| 2028 | ~$46,595,106 | ~$46,595,106 | ~1.9488% | ~$908,064 | -6.8% |
| 2029 | ~$45,512,470 | ~$45,512,470 | ~1.9163% | ~$872,151 | -9.0% |
| 2030 | ~$44,454,989 | ~$44,454,989 | ~1.8837% | ~$837,418 | -11.1% |
| 2026 | ~$47,838,251 | ~$47,838,251 | ~2.0465% | ~$979,003 | -4.3% |
| 2027 | ~$45,769,966 | ~$45,769,966 | ~2.0465% | ~$936,675 | -8.5% |
| 2028 | ~$43,791,103 | ~$43,791,103 | ~2.0465% | ~$896,178 | -12.4% |
| 2029 | ~$41,897,795 | ~$41,897,795 | ~2.0465% | ~$857,432 | -16.2% |
| 2030 | ~$40,086,345 | ~$40,086,345 | ~2.0465% | ~$820,361 | -19.8% |
| 2026 | ~$49,838,251 | ~$49,838,251 | ~1.9977% | ~$995,600 | -0.3% |
| 2027 | ~$49,677,026 | ~$49,677,026 | ~1.9488% | ~$968,126 | -0.6% |
| 2028 | ~$49,516,322 | ~$49,516,322 | ~1.9000% | ~$940,818 | -1.0% |
| 2029 | ~$49,356,138 | ~$49,356,138 | ~1.8512% | ~$913,678 | -1.3% |
| 2030 | ~$49,196,472 | ~$49,196,472 | ~1.8024% | ~$886,703 | -1.6% |
In 2025, this property's market value of $50,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 96× 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 | $50,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $49,400,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $47,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $46,300,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $54,930,000 | $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.