2400 SETON AVE TX 78705
| Owner | YUGO AUSTIN WATERLOO LLC |
|---|---|
| Parcel ID | 0214011303 |
| Short ID | 206695 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 241,000 SF |
| Land SF | 17,484 SF |
| Acres | 0.401 |
| Year Built | 2021 |
| Legal | E1/2 OF LOT 17-18 *LESS S5' OF LT 18 & S37 FT OF E 1/2 OF LOT 16 & E93 FT OF LOT 15 & E93' OF N11.5' OF LOT 16 OLT 48 DIV D RAINEY FRANK SUBD |
| Neighborhood | 08WC |
| Land | $3,933,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,933,900 |
| Improvement | $139,556,100 |
|---|---|
| Total Improvement | $139,556,100 |
| Market | $143,490,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $143,490,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $143,490,000 |
| Taxable Value | $143,490,000 |
|---|
Appreciation: Market value has risen +10800.3% from $1,316,383 (2021) to $143,490,000 (2025), a CAGR of 223.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $2,936,501. 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 3% of market value ($3,933,900 land vs $139,556,100 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $143,490,000, 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 +223.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $50,538,325,555 by 2030, with an estimated annual tax burden around $952,011,917. 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 | 241,000 SF | ✓ |
Market value changed by 499% 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% | $1,327,569.48 | $1,327,569.48 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $751,911.99 | $751,911.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $539,299.99 | $539,299.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $169,351.20 | $169,351.20 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $148,368.66 | $148,368.66 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,936,501.32 | $2,936,501.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $143,102,576 | $143,490,000 | -0.3% |
| Assessed Value | $143,102,576 | $143,490,000 | -0.3% |
| Land Value | $3,933,900 | $3,933,900 | +0.0% |
| Improvement Value | $139,168,676 | $139,556,100 | -0.3% |
| Taxable Value | $143,102,576 | $143,490,000 | -0.3% |
| Total Tax 2026 = estimate |
~$2,928,573
Estimated
|
~$2,936,501
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $143,102,576 | $143,102,576 | +0 (+0.0%) |
| Taxable Value | $143,102,576 | $143,102,576 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $143,102,576 | $3,933,900 | $139,168,676 | — | $143,102,576 | $143,102,576 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $143,490,000 | $3,933,900 | $139,556,100 | — | $143,490,000 | $143,490,000 | ~$2,936,501 | Partial |
| 2024 | $173,373,000 | — | — | −$170,694,407 | $2,678,593 | $— | $2,688,395 | Verified |
| 2023 | $50,174,327 | — | — | −$47,495,734 | $2,678,593 | $— | $3,144,266 | Verified |
| 2022 | $8,380,605 | — | — | −$6,952,022 | $1,428,583 | $— | $990,904 | Verified |
| 2021 | $1,316,383 | — | — | −$245,023 | $1,071,360 | $— | $182,419 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.3% | -0.3% | ~100% | Not available | Partial |
| 2025 | -2.9% | -2.9% | ~100% | Not available | Partial |
| 2024 | -25.6% | -25.6% | ~100% | 1.8200% | Verified |
| 2023 | +296.0% ! | +296.0% | ~100% | 1.5800% | Verified |
| 2022 | +498.7% ! | +498.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 13.8600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1612.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.3% | +252.7% | +223.3% | +536.6% | 2022 | -17.2% | 2025 |
| Assessment Ratio | 100.0% | 50.9% | — | 100.0% | 2025 | 1.5% | 2024 |
| 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 |
$2,936,501 | $1,988,497 | ~$277,018,632 | $3,144,266 | 2023 | $182,419 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$463,640,620 | ~$463,640,620 | ~2.0139% | ~$9,337,428 | +223.1% |
| 2027 | ~$1,498,101,783 | ~$1,498,101,783 | ~1.9814% | ~$29,683,209 | +944.0% |
| 2028 | ~$4,840,621,924 | ~$4,840,621,924 | ~1.9488% | ~$94,335,952 | +3273.5% |
| 2029 | ~$15,640,873,591 | ~$15,640,873,591 | ~1.9163% | ~$299,724,653 | +10800.3% |
| 2030 | ~$50,538,325,555 | ~$50,538,325,555 | ~1.8837% | ~$952,011,917 | +35120.8% |
| 2026 | ~$460,770,820 | ~$460,770,820 | ~2.0465% | ~$9,429,606 | +221.1% |
| 2027 | ~$1,479,613,554 | ~$1,479,613,554 | ~2.0465% | ~$30,280,069 | +931.2% |
| 2028 | ~$4,751,291,038 | ~$4,751,291,038 | ~2.0465% | ~$97,234,458 | +3211.2% |
| 2029 | ~$15,257,204,468 | ~$15,257,204,468 | ~2.0465% | ~$312,236,401 | +10532.9% |
| 2030 | ~$48,993,481,206 | ~$48,993,481,206 | ~2.0465% | ~$1,002,644,244 | +34044.2% |
| 2026 | ~$466,510,420 | ~$466,510,420 | ~1.9977% | ~$9,319,303 | +225.1% |
| 2027 | ~$1,516,704,804 | ~$1,516,704,804 | ~1.9488% | ~$29,558,142 | +957.0% |
| 2028 | ~$4,931,065,548 | ~$4,931,065,548 | ~1.9000% | ~$93,691,071 | +3336.5% |
| 2029 | ~$16,031,733,648 | ~$16,031,733,648 | ~1.8512% | ~$296,778,491 | +11072.7% |
| 2030 | ~$52,121,895,622 | ~$52,121,895,622 | ~1.8024% | ~$939,430,062 | +36224.4% |
In 2025, this property's market value of $143,490,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 276× 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 | $143,490,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $173,373,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $50,174,327 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $8,380,605 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,316,383 | $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.