ALEXANDER AVE TX 78722
| Owner | HS 2900 MLK VENTURE LLC |
|---|---|
| Parcel ID | 0212120707 |
| Short ID | 888296 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 283,800 SF |
| Land SF | 176,200 SF |
| Acres | 4.045 |
| Year Built | 2024 |
| Legal | LOT 7-8 REDEEMER PRESBYTERIAN SUBD RESUB LT 3 BLK A |
| Neighborhood | 1EC3 |
| Land | $12,334,014 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $12,334,014 |
| Improvement | $86,355,986 |
|---|---|
| Total Improvement | $86,355,986 |
| Market | $98,690,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $98,690,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $98,690,000 |
| Taxable Value | $98,690,000 |
|---|
Appreciation: Market value has risen +6131.1% from $1,583,842 (2021) to $98,690,000 (2025), a CAGR of 181.0% 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 $2,019,676. 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 12% of market value ($12,334,014 land vs $86,355,986 improvements), about $70/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $98,690,000, 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 +181.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,277,255,910 by 2030, with an estimated annual tax burden around $2,994,044. 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 | 283,800 SF | ✓ |
Market value changed by 284% in 2022, 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% | $869,688.00 | $869,688.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $492,575.98 | $492,575.98 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $353,294.30 | $353,294.30 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $110,941.62 | $110,941.62 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $97,196.00 | $97,196.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,923,695.90 | $1,923,695.90 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $92,600,000 | $98,690,000 | -6.2% |
| Assessed Value | $92,600,000 | $98,690,000 | -6.2% |
| Land Value | $10,916,136 | $12,334,014 | -11.5% |
| Improvement Value | $81,683,864 | $86,355,986 | -5.4% |
| Taxable Value | $8,879,452 | $98,690,000 | -91.0% |
| Total Tax 2026 = estimate |
~$181,717
Estimated
|
~$1,923,696
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $92,600,000 | $92,600,000 | +0 (+0.0%) |
| Taxable Value | $8,879,452 | $8,879,452 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $92,600,000 | $10,916,136 | $81,683,864 | — | $92,600,000 | $8,879,452 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $98,690,000 | $12,334,014 | $86,355,986 | — | $98,690,000 | $98,690,000 | ~$1,923,696 | Partial |
| 2024 | $20,604,118 | — | — | −$8,270,104 | $12,334,014 | $— | $356,585 | Verified |
| 2023 | $9,588,982 | — | — | — | $14,096,016 ! | $— | $372,779 | Verified |
| 2022 | $— | — | — | — | $5,286,006 | $— | $189,375 | Verified |
| 2021 | $1,583,842 | — | — | — | $2,499,908 ! | $— | $54,415 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.2% | -6.2% | ~100% | Not available | Partial |
| 2025 | +448.5% ! | +448.5% | ~100% | Not available | Partial |
| 2024 | -12.7% | -12.7% | ~100% | 1.9800% | Verified |
| 2023 | +114.9% ! | +114.9% | ~100% | 1.8100% | Verified |
| 2022 | +283.6% ! | +283.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.4400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3847.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.2% | +248.3% | +184.7% | +505.4% | 2023 | -6.2% | 2026 |
| Assessment Ratio | 100.0% | 112.9% | — | 157.8% | 2021 | 59.9% | 2024 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,923,696 | $676,869 | ~$2,575,048 | $1,923,696 | 2025 | $54,415 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$277,276,761 | ~$108,559,000 | ~2.0139% | ~$2,186,309 | +181.0% |
| 2027 | ~$779,029,306 | ~$119,414,900 | ~1.9814% | ~$2,366,072 | +689.4% |
| 2028 | ~$2,188,739,719 | ~$131,356,390 | ~1.9488% | ~$2,559,925 | +2117.8% |
| 2029 | ~$6,149,424,059 | ~$144,492,029 | ~1.9163% | ~$2,768,888 | +6131.1% |
| 2030 | ~$17,277,255,910 | ~$158,941,232 | ~1.8837% | ~$2,994,044 | +17406.6% |
| 2026 | ~$275,302,961 | ~$108,559,000 | ~2.0465% | ~$2,221,644 | +179.0% |
| 2027 | ~$767,977,712 | ~$119,414,900 | ~2.0465% | ~$2,443,808 | +678.2% |
| 2028 | ~$2,142,329,904 | ~$131,356,390 | ~2.0465% | ~$2,688,189 | +2070.8% |
| 2029 | ~$5,976,185,694 | ~$144,492,029 | ~2.0465% | ~$2,957,008 | +5955.5% |
| 2030 | ~$16,671,006,362 | ~$158,941,232 | ~2.0465% | ~$3,252,708 | +16792.3% |
| 2026 | ~$279,250,561 | ~$108,559,000 | ~1.9977% | ~$2,168,642 | +183.0% |
| 2027 | ~$790,159,853 | ~$119,414,900 | ~1.9488% | ~$2,327,205 | +700.6% |
| 2028 | ~$2,235,815,000 | ~$131,356,390 | ~1.9000% | ~$2,495,793 | +2165.5% |
| 2029 | ~$6,326,401,795 | ~$144,492,029 | ~1.8512% | ~$2,674,828 | +6310.4% |
| 2030 | ~$17,901,015,819 | ~$158,941,232 | ~1.8024% | ~$2,864,711 | +18038.6% |
In 2025, this property's market value of $98,690,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 190× 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 | $98,690,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $20,604,118 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $9,588,982 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $1,583,842 | $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.