2405 LEON ST TX 78705
| Owner | EFM INITIATIVES LLC |
|---|---|
| Parcel ID | 0214001311 |
| Short ID | 206218 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 7,710 SF |
| Land SF | 10,000 SF |
| Acres | 0.230 |
| Year Built | 1997 |
| Legal | LOT 13 BLK 1 ROBARDS SUBD OF OLT 43-45, 54&55 DIVISION D |
| Neighborhood | 05WC |
| Land | $1,500,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,500,000 |
| Improvement | $1,270,000 |
|---|---|
| Total Improvement | $1,270,000 |
| Market | $2,770,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,770,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,770,000 |
| Taxable Value | $2,770,000 |
|---|
Appreciation: Market value has risen +18.2% from $2,343,840 (2021) to $2,770,000 (2025), a CAGR of 4.3% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $56,688. 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 54% of market value ($1,500,000 land vs $1,270,000 improvements), about $150/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,770,000, 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 +4.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,413,261 by 2030, with an estimated annual tax burden around $64,297. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 14,026 SF | ✗ |
| 491 | SPRINKLER HEADS | 7,710 SF | ✗ |
| 1ST | 1st Floor | 4,720 SF | ✓ |
| 487 | PARKING UNDER | 4,524 SF | ✓ |
| 591 | MASONRY TRIM SF | 3,600 SF | ✗ |
| 2ND | 2nd Floor | 2,990 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 896 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 896 SF | ✗ |
| 541 | FENCE COMM LF | 130 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 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% | $25,628.04 | $25,628.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,515.27 | $14,515.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,410.91 | $10,410.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,269.24 | $3,269.24 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,864.18 | $2,864.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $56,687.64 | $56,687.64 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,710,000 | $2,770,000 | -2.2% |
| Assessed Value | $2,710,000 | $2,770,000 | -2.2% |
| Land Value | $1,500,000 | $1,500,000 | +0.0% |
| Improvement Value | $1,210,000 | $1,270,000 | -4.7% |
| Taxable Value | $2,710,000 | $2,770,000 | -2.2% |
| Total Tax 2026 = estimate |
~$55,460
Estimated
|
~$56,688
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,968,350 | $2,710,000 | -258,350 (-8.7%) |
| Taxable Value | $2,968,350 | $2,710,000 | -258,350 (-8.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,710,000 | $1,500,000 | $1,210,000 | — | $2,710,000 | $2,710,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,770,000 | $1,500,000 | $1,270,000 | — | $2,770,000 | $2,770,000 | ~$56,688 | Partial |
| 2024 | $2,600,013 | — | — | −$1,100,013 | $1,500,000 | $— | $53,479 | Verified |
| 2023 | $2,377,050 | — | — | −$877,050 | $1,500,000 | $— | $47,041 | Verified |
| 2022 | $2,323,272 | — | — | −$1,573,272 | $750,000 | $— | $46,945 | Verified |
| 2021 | $2,343,840 | — | — | −$1,593,840 | $750,000 | $— | $50,570 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.2% | +7.2% | ~100% | Not available | Partial |
| 2025 | +2.6% | +2.6% | ~100% | Not available | Partial |
| 2024 | +3.8% | +3.8% | ~100% | 1.9800% | Verified |
| 2023 | +9.4% | +9.4% | ~100% | 1.8100% | Verified |
| 2022 | +2.3% | +2.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +19.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.2% | +3.0% | +4.7% | +9.4% | 2024 | -2.2% | 2026 |
| Assessment Ratio | 100.0% | 64.2% | — | 100.0% | 2025 | 32.0% | 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 |
$56,688 | $50,945 | ~$61,210 | $56,688 | 2025 | $46,945 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,888,137 | ~$2,888,137 | ~2.0139% | ~$58,165 | +4.3% |
| 2027 | ~$3,011,311 | ~$3,011,311 | ~1.9814% | ~$59,666 | +8.7% |
| 2028 | ~$3,139,740 | ~$3,139,740 | ~1.9488% | ~$61,188 | +13.3% |
| 2029 | ~$3,273,645 | ~$3,273,645 | ~1.9163% | ~$62,733 | +18.2% |
| 2030 | ~$3,413,261 | ~$3,413,261 | ~1.8837% | ~$64,297 | +23.2% |
| 2026 | ~$2,832,737 | ~$2,832,737 | ~2.0465% | ~$57,972 | +2.3% |
| 2027 | ~$2,896,894 | ~$2,896,894 | ~2.0465% | ~$59,285 | +4.6% |
| 2028 | ~$2,962,504 | ~$2,962,504 | ~2.0465% | ~$60,627 | +6.9% |
| 2029 | ~$3,029,601 | ~$3,029,601 | ~2.0465% | ~$62,000 | +9.4% |
| 2030 | ~$3,098,217 | ~$3,098,217 | ~2.0465% | ~$63,405 | +11.8% |
| 2026 | ~$2,943,537 | ~$2,943,537 | ~1.9977% | ~$58,802 | +6.3% |
| 2027 | ~$3,127,945 | ~$3,127,945 | ~1.9488% | ~$60,959 | +12.9% |
| 2028 | ~$3,323,906 | ~$3,323,906 | ~1.9000% | ~$63,155 | +20.0% |
| 2029 | ~$3,532,144 | ~$3,532,144 | ~1.8512% | ~$65,387 | +27.5% |
| 2030 | ~$3,753,428 | ~$3,753,428 | ~1.8024% | ~$67,651 | +35.5% |
In 2025, this property's market value of $2,770,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 5× 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 | $2,770,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,600,013 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,377,050 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,323,272 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,343,840 | $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.