2200 NUECES ST 1 TX 78705
| Owner | WESLEY FOUNDATION OF AUSTIN |
|---|---|
| Parcel ID | 0212013702 |
| Short ID | 929018 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 147,410 SF |
| Land SF | 13,109 SF |
| Acres | 0.301 |
| Year Built | 2019 |
| Legal | UNT MULTI FAMILY INSPIRE ON 22ND CONDOMINIUMS PLUS 93.82 % INT IN COM AREA |
| Neighborhood | 08WC |
| Land | $2,949,631 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,949,631 |
| Improvement | $63,670,369 |
|---|---|
| Total Improvement | $63,670,369 |
| Market | $66,620,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $66,620,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $66,620,000 |
| Taxable Value | $66,620,000 |
|---|
Appreciation: Market value has risen +0.4% from $66,327,381 (2021) to $66,620,000 (2025), a CAGR of 0.1% 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 $1,363,368. 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 4% of market value ($2,949,631 land vs $63,670,369 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $66,620,000, 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 +0.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $66,987,590 by 2030, with an estimated annual tax burden around $1,261,874. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 147,410 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% | $616,368.24 | $616,368.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $349,100.13 | $349,100.13 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $250,387.94 | $250,387.94 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $78,626.92 | $78,626.92 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $68,885.08 | $68,885.08 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,363,368.31 | $1,363,368.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $66,790,000 | $66,620,000 | +0.3% |
| Assessed Value | $66,790,000 | $66,620,000 | +0.3% |
| Land Value | $2,949,631 | $2,949,631 | +0.0% |
| Improvement Value | $63,840,369 | $63,670,369 | +0.3% |
| Taxable Value | $66,790,000 | $66,620,000 | +0.3% |
| Total Tax 2026 = estimate |
~$1,366,847
Estimated
|
~$1,363,368
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $71,134,335 | $66,790,000 | -4,344,335 (-6.1%) |
| Taxable Value | $71,134,335 | $66,790,000 | -4,344,335 (-6.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $66,790,000 | $2,949,631 | $63,840,369 | — | $66,790,000 | $66,790,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $66,620,000 | $2,949,631 | $63,670,369 | — | $66,620,000 | $66,620,000 | ~$1,363,368 | Partial |
| 2024 | $68,500,000 | — | — | −$65,550,369 | $2,949,631 | $— | $1,357,543 | Verified |
| 2023 | $67,450,000 | — | — | −$64,500,369 | $2,949,631 | $— | $1,242,687 | Verified |
| 2022 | $71,885,000 | — | — | −$69,918,579 | $1,966,421 | $— | $1,335,589 | Verified |
| 2021 | $66,327,381 | — | — | −$64,360,960 | $1,966,421 | $— | $1,564,706 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.8% | +6.8% | ~100% | Not available | Partial |
| 2025 | -2.7% | -2.7% | ~100% | Not available | Partial |
| 2024 | -8.6% | -8.6% | ~100% | 1.9800% | Verified |
| 2023 | +5.6% | +5.6% | ~100% | 1.6600% | Verified |
| 2022 | -1.2% | -1.2% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.3600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.3% | +0.3% | +0.1% | +8.4% | 2022 | -6.2% | 2023 |
| Assessment Ratio | 100.0% | 35.7% | — | 100.0% | 2025 | 2.7% | 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 |
$1,363,368 | $1,372,779 | ~$1,302,564 | $1,564,706 | 2021 | $1,242,687 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$66,693,356 | ~$66,693,356 | ~2.0139% | ~$1,343,162 | +0.1% |
| 2027 | ~$66,766,793 | ~$66,766,793 | ~1.9814% | ~$1,322,909 | +0.2% |
| 2028 | ~$66,840,311 | ~$66,840,311 | ~1.9488% | ~$1,302,610 | +0.3% |
| 2029 | ~$66,913,910 | ~$66,913,910 | ~1.9163% | ~$1,282,265 | +0.4% |
| 2030 | ~$66,987,590 | ~$66,987,590 | ~1.8837% | ~$1,261,874 | +0.6% |
| 2026 | ~$65,360,956 | ~$65,360,956 | ~2.0465% | ~$1,337,602 | -1.9% |
| 2027 | ~$64,125,707 | ~$64,125,707 | ~2.0465% | ~$1,312,323 | -3.7% |
| 2028 | ~$62,913,803 | ~$62,913,803 | ~2.0465% | ~$1,287,522 | -5.6% |
| 2029 | ~$61,724,802 | ~$61,724,802 | ~2.0465% | ~$1,263,189 | -7.3% |
| 2030 | ~$60,558,272 | ~$60,558,272 | ~2.0465% | ~$1,239,316 | -9.1% |
| 2026 | ~$68,025,756 | ~$68,025,756 | ~1.9977% | ~$1,358,925 | +2.1% |
| 2027 | ~$69,461,176 | ~$69,461,176 | ~1.9488% | ~$1,353,687 | +4.3% |
| 2028 | ~$70,926,884 | ~$70,926,884 | ~1.9000% | ~$1,347,623 | +6.5% |
| 2029 | ~$72,423,520 | ~$72,423,520 | ~1.8512% | ~$1,340,700 | +8.7% |
| 2030 | ~$73,951,737 | ~$73,951,737 | ~1.8024% | ~$1,332,885 | +11.0% |
In 2025, this property's market value of $66,620,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 128× 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 | $66,620,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $68,500,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $67,450,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $71,885,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $66,327,381 | $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.