511 BELLEVUE PL TX 78705
| Owner | THOMASIAN RAMIN Z |
|---|---|
| Parcel ID | 0215051005 |
| Short ID | 208653 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,478 SF |
| Land SF | 7,061 SF |
| Acres | 0.162 |
| Year Built | 1935 |
| Legal | LOT 35 OLT 1 DIV X COLLEGE COURT PLUS 1/2 INT IN 12FT RESERVE STRIP |
| Neighborhood | Z64005 |
| Land | $543,559 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $543,559 |
| Improvement | $86,281 |
|---|---|
| Total Improvement | $86,281 |
| Market | $629,840 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $629,840 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $629,840 |
| Taxable Value | $629,840 |
|---|
Appreciation: Market value has risen +18.0% from $533,600 (2021) to $629,840 (2025), a CAGR of 4.2% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 $12,890. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 86% of market value ($543,559 land vs $86,281 improvements), about $77/SF of land. With value concentrated in the land under a ~91-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 $629,840, this parcel sits in the upper-middle (50th–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 +4.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $774,905 by 2030, with an estimated annual tax burden around $14,597. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,478 SF | ✗ |
| 1ST | 1st Floor | 1,788 SF | ✓ |
| 1/2 | Half Floor | 690 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 416 SF | ✗ |
| 031 | GARAGE DET 1ST F | 322 SF | ✓ |
| UBSMT | Unfinished Basement | 104 SF | ✓ |
| 512 | DECK UNCOVRED | 84 SF | ✗ |
| 251 | BATHROOM | 3 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% | $5,827.28 | $5,827.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,300.47 | $3,300.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,367.22 | $2,367.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $743.36 | $743.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $651.25 | $651.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,889.58 | $12,889.58 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $780,258 | $629,840 | +23.9% |
| Assessed Value | $755,808 | $629,840 | +20.0% |
| Land Value | $525,529 | $543,559 | -3.3% |
| Improvement Value | $254,729 | $86,281 | +195.2% |
| Taxable Value | $755,808 | $629,840 | +20.0% |
| HS Cap Loss | -$24,450 | — | |
| Total Tax 2026 = estimate |
~$15,468
Estimated
|
~$12,890
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $926,562 | $780,258 | -146,304 (-15.8%) |
| Taxable Value | $755,808 | $755,808 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $780,258 | $525,529 | $254,729 | −$24,450 | $755,808 | $755,808 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $629,840 | $543,559 | $86,281 | — | $629,840 | $629,840 | ~$12,890 | Partial |
| 2024 | $791,128 | — | — | −$41,128 | $750,000 | $— | $15,113 | Verified |
| 2023 | $878,911 | — | — | −$528,911 | $350,000 | $— | $14,313 | Verified |
| 2022 | $727,300 | — | — | −$377,300 | $350,000 | $— | $17,358 | Verified |
| 2021 | $533,600 | — | — | −$208,600 | $325,000 | $— | $15,831 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +47.1% | +20.0% | 81.6% | Not available | Partial |
| 2025 | -17.4% | -17.4% | ~100% | Not available | Partial |
| 2024 | -3.6% | -3.6% | ~100% | 1.9800% | Verified |
| 2023 | -10.0% | -10.0% | ~100% | 1.8100% | Verified |
| 2022 | +20.8% | +20.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -13.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +23.9% | +10.1% | +0.2% | +36.3% | 2022 | -20.4% | 2025 |
| Assessment Ratio | 96.9% | 73.4% | — | 100.0% | 2025 | 39.8% | 2023 |
| 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 |
$12,890 | $15,101 | ~$13,904 | $17,358 | 2022 | $12,890 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$656,499 | ~$656,499 | ~2.0139% | ~$13,221 | +4.2% |
| 2027 | ~$684,286 | ~$684,286 | ~1.9814% | ~$13,558 | +8.6% |
| 2028 | ~$713,249 | ~$713,249 | ~1.9488% | ~$13,900 | +13.2% |
| 2029 | ~$743,438 | ~$743,438 | ~1.9163% | ~$14,246 | +18.0% |
| 2030 | ~$774,905 | ~$774,905 | ~1.8837% | ~$14,597 | +23.0% |
| 2026 | ~$643,902 | ~$643,902 | ~2.0465% | ~$13,177 | +2.2% |
| 2027 | ~$658,278 | ~$658,278 | ~2.0465% | ~$13,472 | +4.5% |
| 2028 | ~$672,974 | ~$672,974 | ~2.0465% | ~$13,772 | +6.8% |
| 2029 | ~$687,999 | ~$687,999 | ~2.0465% | ~$14,080 | +9.2% |
| 2030 | ~$703,360 | ~$703,360 | ~2.0465% | ~$14,394 | +11.7% |
| 2026 | ~$669,095 | ~$669,095 | ~1.9977% | ~$13,366 | +6.2% |
| 2027 | ~$710,798 | ~$710,798 | ~1.9488% | ~$13,852 | +12.9% |
| 2028 | ~$755,099 | ~$755,099 | ~1.9000% | ~$14,347 | +19.9% |
| 2029 | ~$802,161 | ~$802,161 | ~1.8512% | ~$14,850 | +27.4% |
| 2030 | ~$852,157 | ~$852,157 | ~1.8024% | ~$15,359 | +35.3% |
In 2025, this property's market value of $629,840 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +21% 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 | $629,840 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $791,128 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $878,911 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $727,300 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $533,600 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.