2514 PEARL ST TX 78705
| Owner | NWI ENTERPRISES LLC |
|---|---|
| Parcel ID | 0214010101 |
| Short ID | 206275 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,673 SF |
| Land SF | 6,912 SF |
| Acres | 0.159 |
| Year Built | 1920 |
| Legal | LOT 16 OLT 53 DIV D WOOTEN GOODALL SUBD |
| Neighborhood | 05WC |
| Land | $1,036,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,036,800 |
| Improvement | $435,195 |
|---|---|
| Total Improvement | $435,195 |
| Market | $1,471,995 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,471,995 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,471,995 |
| Taxable Value | $1,471,995 |
|---|
Appreciation: Market value has risen +35.1% from $1,089,689 (2021) to $1,471,995 (2025), a CAGR of 7.8% over 4 years. This represents moderate, steady growth. 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 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 $30,124. 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 70% of market value ($1,036,800 land vs $435,195 improvements), about $150/SF of land. With value concentrated in the land under a ~106-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,471,995, 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 +7.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,143,685 by 2030, with an estimated annual tax burden around $40,382. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 2,352 SF | ✓ |
| 1ST | 1st Floor | 2,321 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 240 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 60 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $13,618.90 | $13,618.90 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,713.50 | $7,713.50 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,532.42 | $5,532.42 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,737.29 | $1,737.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,522.04 | $1,522.04 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,124.15 | $30,124.15 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,495,360 | $1,471,995 | +1.6% |
| Assessed Value | $1,495,360 | $1,471,995 | +1.6% |
| Land Value | $1,036,800 | $1,036,800 | +0.0% |
| Improvement Value | $458,560 | $435,195 | +5.4% |
| Taxable Value | $1,495,360 | $1,471,995 | +1.6% |
| Total Tax 2026 = estimate |
~$30,602
Estimated
|
~$30,124
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,495,360 | $1,495,360 | +0 (+0.0%) |
| Taxable Value | $1,495,360 | $1,495,360 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,495,360 | $1,036,800 | $458,560 | — | $1,495,360 | $1,495,360 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,471,995 | $1,036,800 | $435,195 | — | $1,471,995 | $1,471,995 | ~$30,124 | Partial |
| 2024 | $1,168,250 | — | — | −$131,450 | $1,036,800 | $— | $26,857 | Verified |
| 2023 | $1,084,949 | — | — | −$48,149 | $1,036,800 | $— | $21,137 | Verified |
| 2022 | $1,084,949 | — | — | −$531,989 | $552,960 | $— | $21,427 | Verified |
| 2021 | $1,089,689 | — | — | −$536,729 | $552,960 | $— | $23,616 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.6% | +1.6% | ~100% | Not available | Partial |
| 2025 | +8.6% | +8.6% | ~100% | Not available | Partial |
| 2024 | +16.0% | +16.0% | ~100% | 1.9800% | Verified |
| 2023 | +7.7% | +7.7% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.6% | +7.0% | +7.5% | +26.0% | 2025 | -0.4% | 2022 |
| Assessment Ratio | 100.0% | 81.0% | — | 100.0% | 2025 | 50.7% | 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 |
$30,124 | $24,632 | ~$36,058 | $30,124 | 2025 | $21,137 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,586,928 | ~$1,586,928 | ~2.0139% | ~$31,960 | +7.8% |
| 2027 | ~$1,710,835 | ~$1,710,835 | ~1.9814% | ~$33,898 | +16.2% |
| 2028 | ~$1,844,417 | ~$1,844,417 | ~1.9488% | ~$35,945 | +25.3% |
| 2029 | ~$1,988,429 | ~$1,988,429 | ~1.9163% | ~$38,104 | +35.1% |
| 2030 | ~$2,143,685 | ~$2,143,685 | ~1.8837% | ~$40,382 | +45.6% |
| 2026 | ~$1,557,488 | ~$1,557,488 | ~2.0465% | ~$31,874 | +5.8% |
| 2027 | ~$1,647,947 | ~$1,647,947 | ~2.0465% | ~$33,725 | +12.0% |
| 2028 | ~$1,743,660 | ~$1,743,660 | ~2.0465% | ~$35,684 | +18.5% |
| 2029 | ~$1,844,931 | ~$1,844,931 | ~2.0465% | ~$37,756 | +25.3% |
| 2030 | ~$1,952,085 | ~$1,952,085 | ~2.0465% | ~$39,949 | +32.6% |
| 2026 | ~$1,616,368 | ~$1,616,368 | ~1.9977% | ~$32,290 | +9.8% |
| 2027 | ~$1,774,901 | ~$1,774,901 | ~1.9488% | ~$34,590 | +20.6% |
| 2028 | ~$1,948,983 | ~$1,948,983 | ~1.9000% | ~$37,031 | +32.4% |
| 2029 | ~$2,140,139 | ~$2,140,139 | ~1.8512% | ~$39,618 | +45.4% |
| 2030 | ~$2,350,044 | ~$2,350,044 | ~1.8024% | ~$42,357 | +59.7% |
In 2025, this property's market value of $1,471,995 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +183% above 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 | $1,471,995 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,168,250 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,084,949 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,084,949 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,089,689 | $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.