2823 E M L KING JR BLVD TX 78702
| Owner | GUGV EASTSIDE AUSTIN PROPERTY OWNING LLC |
|---|---|
| Parcel ID | 0212121401 |
| Short ID | 852940 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 200,915 SF |
| Land SF | 361,788 SF |
| Acres | 8.306 |
| Year Built | 2016 |
| Legal | LOT 1 CHESTNUT STATION WEST |
| Neighborhood | 08EC |
| Land | $25,325,131 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $25,325,131 |
| Improvement | $62,164,869 |
|---|---|
| Total Improvement | $62,164,869 |
| Market | $87,490,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $87,490,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $87,490,000 |
| Taxable Value | $87,490,000 |
|---|
Appreciation: Market value has risen +2193.6% from $3,814,549 (2021) to $87,490,000 (2025), a CAGR of 118.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→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 $1,790,470. 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 ($25,325,131 land vs $62,164,869 improvements), about $70/SF of land. Most value sits in the improvements, so building condition, age (~10 yrs), and rent roll drive the underwriting.
Submarket Position: At $87,490,000, 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 +118.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,391,394,359 by 2030, with an estimated annual tax burden around $2,654,259. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 4TH | 4th Floor | 102,052 SF | ✓ |
| 187 | PARKING GARAGE | 76,644 SF | ✓ |
| 3RD | 3rd Floor | 70,571 SF | ✓ |
| 1ST | 1st Floor | 69,344 SF | ✓ |
| 2ND | 2nd Floor | 61,000 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% | $786,420.00 | $786,420.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $445,414.45 | $445,414.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $319,468.25 | $319,468.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $100,319.55 | $100,319.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $87,890.00 | $87,890.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,739,512.25 | $1,739,512.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $73,861,338 | $87,490,000 | -15.6% |
| Assessed Value | $73,861,338 | $87,490,000 | -15.6% |
| Land Value | $25,325,131 | $25,325,131 | +0.0% |
| Improvement Value | $48,536,207 | $62,164,869 | -21.9% |
| Taxable Value | $73,861,338 | $87,490,000 | -15.6% |
| Total Tax 2026 = estimate |
~$1,511,561
Estimated
|
~$1,739,512
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $73,861,338 | $73,861,338 | +0 (+0.0%) |
| Taxable Value | $73,861,338 | $73,861,338 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $73,861,338 | $25,325,131 | $48,536,207 | — | $73,861,338 | $73,861,338 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $87,490,000 | $25,325,131 | $62,164,869 | — | $87,490,000 | $87,490,000 | ~$1,739,512 | Partial |
| 2024 | $103,000,000 | — | — | — | — | $— | $1,794,900 | Verified |
| 2023 | $101,000,000 | — | — | — | — | $— | $1,868,454 | Verified |
| 2022 | $— | — | — | — | — | $— | $1,997,910 | Verified |
| 2021 | $3,814,549 | — | — | — | — | $— | $1,950,737 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -15.6% | -15.6% | ~100% | Not available | Partial |
| 2025 | -10.2% | -10.2% | ~100% | Not available | Partial |
| 2024 | -9.8% | -9.8% | ~100% | 1.8400% | Verified |
| 2023 | +3.6% | +3.6% | ~100% | 1.7300% | Verified |
| 2022 | +13.4% | +13.4% | ~100% | 1.9200% | Verified |
| 2021 | base year | — | ~100% | 51.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -4.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.6% | +629.8% | +126.9% | +2547.8% | 2023 | -15.6% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 1.9900% | 1.9900% | — | 1.9900% | 2025 | 1.9900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,739,512 | $1,838,401 | ~$2,282,814 | $1,950,737 | 2021 | $1,739,512 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$191,464,041 | ~$96,239,000 | ~2.0139% | ~$1,938,192 | +118.8% |
| 2027 | ~$419,001,932 | ~$105,862,900 | ~1.9814% | ~$2,097,555 | +378.9% |
| 2028 | ~$916,948,259 | ~$116,449,190 | ~1.9488% | ~$2,269,408 | +948.1% |
| 2029 | ~$2,006,659,267 | ~$128,094,109 | ~1.9163% | ~$2,454,656 | +2193.6% |
| 2030 | ~$4,391,394,359 | ~$140,903,520 | ~1.8837% | ~$2,654,259 | +4919.3% |
| 2026 | ~$189,714,241 | ~$96,239,000 | ~2.0465% | ~$1,969,517 | +116.8% |
| 2027 | ~$411,378,367 | ~$105,862,900 | ~2.0465% | ~$2,166,468 | +370.2% |
| 2028 | ~$892,037,200 | ~$116,449,190 | ~2.0465% | ~$2,383,115 | +919.6% |
| 2029 | ~$1,934,302,898 | ~$128,094,109 | ~2.0465% | ~$2,621,427 | +2110.9% |
| 2030 | ~$4,194,362,858 | ~$140,903,520 | ~2.0465% | ~$2,883,569 | +4694.1% |
| 2026 | ~$193,213,841 | ~$96,239,000 | ~1.9977% | ~$1,922,530 | +120.8% |
| 2027 | ~$426,695,490 | ~$105,862,900 | ~1.9488% | ~$2,063,098 | +387.7% |
| 2028 | ~$942,318,832 | ~$116,449,190 | ~1.9000% | ~$2,212,554 | +977.1% |
| 2029 | ~$2,081,026,873 | ~$128,094,109 | ~1.8512% | ~$2,371,270 | +2278.6% |
| 2030 | ~$4,595,761,752 | ~$140,903,520 | ~1.8024% | ~$2,539,605 | +5152.9% |
In 2025, this property's market value of $87,490,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 168× 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 | $87,490,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $103,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $101,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $3,814,549 | $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.