2507 SETON AVE 78705
| Owner | 2513 SETON OWNER LP |
|---|---|
| Parcel ID | 0214010413 |
| Short ID | 963472 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 51,274 SF |
| Acres | 1.177 |
| Year Built | — |
| Legal | SETON AVENUE SUBD LOT 1 |
| Neighborhood | WC |
| Land | $11,536,758 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,536,758 |
| Improvement | $113,263,242 |
|---|---|
| Total Improvement | $113,263,242 |
| Market | $124,800,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $124,800,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $124,800,000 |
| Taxable Value | $124,800,000 |
|---|
Appreciation: Market value has risen +1109.3% from $10,319,685 (2023) to $124,800,000 (2025), a CAGR of 247.8% over 2 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 fell -15.8%, 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 $2,554,013. 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 9% of market value ($11,536,758 land vs $113,263,242 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $124,800,000, 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 +247.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $63,472,403,822 by 2030, with an estimated annual tax burden around $3,786,165. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 238,650 SF | ✓ |
Market value changed by 204% in 2023, 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% | $1,128,744.00 | $1,128,744.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $639,300.74 | $639,300.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $458,530.90 | $458,530.90 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $143,988.06 | $143,988.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $126,148.00 | $126,148.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,496,711.70 | $2,496,711.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $122,627,848 | $124,800,000 | -1.7% |
| Assessed Value | $122,627,848 | $124,800,000 | -1.7% |
| Land Value | $11,536,758 | $11,536,758 | +0.0% |
| Improvement Value | $111,091,090 | $113,263,242 | -1.9% |
| Taxable Value | $122,627,848 | $124,800,000 | -1.7% |
| Total Tax 2026 = estimate |
~$2,509,561
Estimated
|
~$2,496,712
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $122,627,848 | $122,627,848 | +0 (+0.0%) |
| Taxable Value | $122,627,848 | $122,627,848 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $122,627,848 | $11,536,758 | $111,091,090 | — | $122,627,848 | $122,627,848 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $124,800,000 | $11,536,758 | $113,263,242 | — | $124,800,000 | $124,800,000 | ~$2,496,712 | Partial |
| 2024 | $31,321,798 | — | — | −$19,785,040 | $11,536,758 | $— | $2,439,811 | Verified |
| 2023 | $10,319,685 | — | — | — | $11,536,758 ! | $— | $566,689 | Verified |
| 2022 | $— | — | — | — | $3,784,493 | $— | $203,806 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2025 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2024 | +293.0% ! | +293.0% | ~100% | 1.9800% | Verified |
| 2023 | +203.5% ! | +203.5% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1109.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.7% | +166.7% | +249.0% | +298.4% | 2025 | -1.7% | 2026 |
| Assessment Ratio | 100.0% | 87.2% | — | 111.8% | 2023 | 36.8% | 2024 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,496,712 | $1,834,404 | ~$3,256,317 | $2,496,712 | 2025 | $566,689 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$433,998,929 | ~$137,280,000 | ~2.0139% | ~$2,764,732 | +247.8% |
| 2027 | ~$1,509,255,370 | ~$151,008,000 | ~1.9814% | ~$2,992,054 | +1109.3% |
| 2028 | ~$5,248,519,340 | ~$166,108,800 | ~1.9488% | ~$3,237,194 | +4105.5% |
| 2029 | ~$18,252,017,396 | ~$182,719,680 | ~1.9163% | ~$3,501,441 | +14525.0% |
| 2030 | ~$63,472,403,822 | ~$200,991,648 | ~1.8837% | ~$3,786,165 | +50759.3% |
| 2026 | ~$431,502,929 | ~$137,280,000 | ~2.0465% | ~$2,809,415 | +245.8% |
| 2027 | ~$1,491,945,333 | ~$151,008,000 | ~2.0465% | ~$3,090,356 | +1095.5% |
| 2028 | ~$5,158,483,818 | ~$166,108,800 | ~2.0465% | ~$3,399,392 | +4033.4% |
| 2029 | ~$17,835,744,194 | ~$182,719,680 | ~2.0465% | ~$3,739,331 | +14191.5% |
| 2030 | ~$61,668,075,766 | ~$200,991,648 | ~2.0465% | ~$4,113,264 | +49313.5% |
| 2026 | ~$436,494,929 | ~$137,280,000 | ~1.9977% | ~$2,742,391 | +249.8% |
| 2027 | ~$1,526,665,247 | ~$151,008,000 | ~1.9488% | ~$2,942,904 | +1123.3% |
| 2028 | ~$5,339,596,459 | ~$166,108,800 | ~1.9000% | ~$3,156,095 | +4178.5% |
| 2029 | ~$18,675,535,064 | ~$182,719,680 | ~1.8512% | ~$3,382,496 | +14864.4% |
| 2030 | ~$65,318,720,727 | ~$200,991,648 | ~1.8024% | ~$3,622,616 | +52238.7% |
In 2025, this property's market value of $124,800,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 240× 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 | $124,800,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $31,321,798 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $10,319,685 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
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.