701 24TH ST 78705
| Owner | GEDR AT UNION ON 24TH LLC |
|---|---|
| Parcel ID | 0214011428 |
| Short ID | 988428 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 52,551 SF |
| Acres | 1.206 |
| Year Built | — |
| Legal | DIVISION D LOT 9 & 10 & 0.3851AC OF LOT 8 LESS W14.35FT OLT 38-39 DIV D |
| Neighborhood | WC |
| Land | $7,882,617 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,882,617 |
| Improvement | $241,227,383 |
|---|---|
| Total Improvement | $241,227,383 |
| Market | $249,110,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $249,110,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $249,110,000 |
| Taxable Value | $249,110,000 |
|---|
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 $5,097,999. 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 ($7,882,617 land vs $241,227,383 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $249,110,000, 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.
No delinquent taxes on record.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 552,000 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% | $2,246,755.68 | $2,246,755.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,272,522.88 | $1,272,522.88 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $912,702.00 | $912,702.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $286,607.05 | $286,607.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $251,096.56 | $251,096.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $4,969,684.17 | $4,969,684.17 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $249,080,000 | $249,110,000 | -0.0% |
| Assessed Value | $249,080,000 | $249,110,000 | -0.0% |
| Land Value | $7,882,617 | $7,882,617 | +0.0% |
| Improvement Value | $241,197,383 | $241,227,383 | -0.0% |
| Taxable Value | $249,080,000 | $249,110,000 | -0.0% |
| Total Tax 2026 = estimate |
~$5,097,385
Estimated
|
~$4,969,684
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $252,386,646 | $249,080,000 | -3,306,646 (-1.3%) |
| Taxable Value | $252,386,646 | $249,080,000 | -3,306,646 (-1.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $249,080,000 | $7,882,617 | $241,197,383 | — | $249,080,000 | $249,080,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $249,110,000 | $7,882,617 | $241,227,383 | — | $249,110,000 | $249,110,000 | ~$4,969,684 | Partial |
| 2024 | $— | — | — | — | $7,882,617 | $— | $3,355,242 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.3% | +1.3% | ~100% | Not available | Partial |
| 2025 | +47.1% | +47.1% | ~100% | Not available | Partial |
| 2024 | base year | — | ~100% | 1.9800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +47.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +-0.0% | +0.0% | — | +-0.0% | 2026 | +-0.0% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$4,969,684 | $4,969,684 | — | $4,969,684 | 2025 | $4,969,684 | 2025 |
In 2025, this property's market value of $249,110,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 479× 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 | $249,110,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | — | $467,458 | $564,615 | $848,565 | — | -6.3% |
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.