3001 MEDICAL ARTS ST TX 78705
| Owner | RED RIVER OAKS LTD |
|---|---|
| Parcel ID | 0214070617 |
| Short ID | 206931 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 61,540 SF |
| Land SF | 117,307 SF |
| Acres | 2.693 |
| Year Built | 1962 |
| Legal | 2.693 ACR OF LOT 2&8 OLT 23 DIVISION C |
| Neighborhood | 08WC1 |
| Land | $15,836,445 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $15,836,445 |
| Improvement | $713,716 |
|---|---|
| Total Improvement | $713,716 |
| Market | $16,550,161 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $16,550,161 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $16,550,161 |
| Taxable Value | $16,550,161 |
|---|
Appreciation: Market value has risen +73.8% from $9,520,000 (2021) to $16,550,161 (2025), a CAGR of 14.8% 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 $338,697. 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 96% of market value ($15,836,445 land vs $713,716 improvements), about $135/SF of land. With value concentrated in the land under a ~64-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 $16,550,161, 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 +14.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $33,037,625 by 2030, with an estimated annual tax burden around $502,096. 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 129,704 SF | ✗ |
| 1ST | 1st Floor | 30,974 SF | ✓ |
| 2ND | 2nd Floor | 30,566 SF | ✓ |
| 551 | PAVED AREA | 30,432 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 3,980 SF | ✗ |
| 581C | STORAGE ATT COMM | 1,308 SF | ✓ |
| 601 | POOL COMM'L | 960 SF | ✗ |
| MISC | Miscellaneous | 6 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 509 | CANOPY FV | 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% | $131,378.40 | $131,378.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $74,410.41 | $74,410.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $53,369.99 | $53,369.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $16,759.27 | $16,759.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $14,682.80 | $14,682.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $290,600.87 | $290,600.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $18,355,546 | $16,550,161 | +10.9% |
| Assessed Value | $18,355,546 | $16,550,161 | +10.9% |
| Land Value | $17,596,050 | $15,836,445 | +11.1% |
| Improvement Value | $759,496 | $713,716 | +6.4% |
| Taxable Value | $18,355,546 | $16,550,161 | +10.9% |
| Total Tax 2026 = estimate |
~$375,644
Estimated
|
~$290,601
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $18,355,546 | $18,355,546 | +0 (+0.0%) |
| Taxable Value | $18,355,546 | $18,355,546 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $18,355,546 | $17,596,050 | $759,496 | — | $18,355,546 | $18,355,546 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $16,550,161 | $15,836,445 | $713,716 | — | $16,550,161 | $16,550,161 | ~$290,601 | Partial |
| 2024 | $17,438,564 | — | — | −$4,088,564 | $13,350,000 | $— | $250,468 | Verified |
| 2023 | $9,700,000 | — | — | — | $15,836,445 ! | $— | $289,187 | Verified |
| 2022 | $9,000,000 | — | — | — | $9,384,560 ! | $— | $192,150 | Verified |
| 2021 | $9,520,000 | — | — | −$135,440 | $9,384,560 | $— | $196,446 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.9% | +10.9% | ~100% | Not available | Partial |
| 2025 | +24.0% | +24.0% | ~100% | Not available | Partial |
| 2024 | -23.4% | -23.4% | ~100% | 1.8800% | Verified |
| 2023 | +69.5% | +69.5% | ~100% | 1.6600% | Verified |
| 2022 | +8.1% | +8.1% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 2.0600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +73.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.9% | +17.6% | +12.6% | +79.8% | 2024 | -5.5% | 2022 |
| Assessment Ratio | 100.0% | 107.1% | — | 163.3% | 2023 | 76.6% | 2024 |
| Effective Tax Rate (2025) | 1.7600% | 1.7600% | — | 1.7600% | 2025 | 1.7600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$290,601 | $243,770 | ~$431,832 | $290,601 | 2025 | $192,150 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$19,003,935 | ~$18,205,177 | ~2.0139% | ~$366,641 | +14.8% |
| 2027 | ~$21,821,513 | ~$20,025,695 | ~1.9814% | ~$396,787 | +31.9% |
| 2028 | ~$25,056,833 | ~$22,028,264 | ~1.9488% | ~$429,296 | +51.4% |
| 2029 | ~$28,771,831 | ~$24,231,091 | ~1.9163% | ~$464,338 | +73.8% |
| 2030 | ~$33,037,625 | ~$26,654,200 | ~1.8837% | ~$502,096 | +99.6% |
| 2026 | ~$18,672,932 | ~$18,205,177 | ~2.0465% | ~$372,566 | +12.8% |
| 2027 | ~$21,067,976 | ~$20,025,695 | ~2.0465% | ~$409,823 | +27.3% |
| 2028 | ~$23,770,215 | ~$22,028,264 | ~2.0465% | ~$450,805 | +43.6% |
| 2029 | ~$26,819,050 | ~$24,231,091 | ~2.0465% | ~$495,886 | +62.0% |
| 2030 | ~$30,258,938 | ~$26,654,200 | ~2.0465% | ~$545,474 | +82.8% |
| 2026 | ~$19,334,938 | ~$18,205,177 | ~1.9977% | ~$363,678 | +16.8% |
| 2027 | ~$22,588,291 | ~$20,025,695 | ~1.9488% | ~$390,269 | +36.5% |
| 2028 | ~$26,389,061 | ~$22,028,264 | ~1.9000% | ~$418,541 | +59.4% |
| 2029 | ~$30,829,360 | ~$24,231,091 | ~1.8512% | ~$448,565 | +86.3% |
| 2030 | ~$36,016,796 | ~$26,654,200 | ~1.8024% | ~$480,408 | +117.6% |
In 2025, this property's market value of $16,550,161 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 32× 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 | $16,550,161 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $17,438,564 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $9,700,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $9,000,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $9,520,000 | $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.