603 BELLEVUE PL TX 78705
| Owner | LEISURE PROCESS LLC |
|---|---|
| Parcel ID | 0215051007 |
| Short ID | 208656 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,460 SF |
| Land SF | 6,968 SF |
| Acres | 0.160 |
| Year Built | 1937 |
| Legal | LOT 37 OLT 1 DIV X COLLEGE COURT |
| Neighborhood | Z64005 |
| Land | $541,931 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $541,931 |
| Improvement | $195,392 |
|---|---|
| Total Improvement | $195,392 |
| Market | $737,323 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $737,323 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $737,323 |
| Taxable Value | $737,323 |
|---|
Appreciation: Market value has risen +20.6% from $611,152 (2021) to $737,323 (2025), a CAGR of 4.8% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), 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 $15,089. 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 73% of market value ($541,931 land vs $195,392 improvements), about $78/SF of land. With value concentrated in the land under a ~89-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 $737,323, 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 +4.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $932,274 by 2030, with an estimated annual tax burden around $17,562. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,460 SF | ✗ |
| 1ST | 1st Floor | 1,230 SF | ✓ |
| 2ND | 2nd Floor | 1,230 SF | ✓ |
| 031 | GARAGE DET 1ST F | 399 SF | ✓ |
| 612 | TERRACE UNCOVERD | 168 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 81 SF | ✗ |
| 251 | BATHROOM | 2 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% | $6,821.71 | $6,821.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,863.70 | $3,863.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,771.19 | $2,771.19 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $870.21 | $870.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $762.39 | $762.39 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,089.20 | $15,089.20 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $938,000 | $737,323 | +27.2% |
| Assessed Value | $884,788 | $737,323 | +20.0% |
| Land Value | $524,431 | $541,931 | -3.2% |
| Improvement Value | $413,569 | $195,392 | +111.7% |
| Taxable Value | $884,788 | $737,323 | +20.0% |
| HS Cap Loss | -$53,212 | — | |
| Total Tax 2026 = estimate |
~$18,107
Estimated
|
~$15,089
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $938,000 | $938,000 | +0 (+0.0%) |
| Taxable Value | $884,788 | $884,788 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $938,000 | $524,431 | $413,569 | −$53,212 | $884,788 | $884,788 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $737,323 | $541,931 | $195,392 | — | $737,323 | $737,323 | ~$15,089 | Partial |
| 2024 | $991,931 | — | — | −$241,931 | $750,000 | $— | $17,029 | Verified |
| 2023 | $1,055,246 | — | — | −$705,246 | $350,000 | $— | $17,946 | Verified |
| 2022 | $796,800 | — | — | −$446,800 | $350,000 | $— | $20,840 | Verified |
| 2021 | $611,152 | — | — | −$286,152 | $325,000 | $— | $17,344 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +27.2% | +20.0% | 94.3% | Not available | Partial |
| 2025 | -14.2% | -14.2% | ~100% | Not available | Partial |
| 2024 | -13.4% | -13.4% | ~100% | 1.9800% | Verified |
| 2023 | -6.0% | -6.0% | ~100% | 1.8100% | Verified |
| 2022 | +32.4% | +32.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.8400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +27.2% | +11.7% | +0.3% | +32.4% | 2023 | -25.7% | 2025 |
| Assessment Ratio | 94.3% | 66.7% | — | 100.0% | 2025 | 33.2% | 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 |
$15,089 | $17,650 | ~$16,552 | $20,840 | 2022 | $15,089 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$772,743 | ~$772,743 | ~2.0139% | ~$15,563 | +4.8% |
| 2027 | ~$809,864 | ~$809,864 | ~1.9814% | ~$16,047 | +9.8% |
| 2028 | ~$848,768 | ~$848,768 | ~1.9488% | ~$16,541 | +15.1% |
| 2029 | ~$889,542 | ~$889,542 | ~1.9163% | ~$17,046 | +20.6% |
| 2030 | ~$932,274 | ~$932,274 | ~1.8837% | ~$17,562 | +26.4% |
| 2026 | ~$757,996 | ~$757,996 | ~2.0465% | ~$15,512 | +2.8% |
| 2027 | ~$779,249 | ~$779,249 | ~2.0465% | ~$15,947 | +5.7% |
| 2028 | ~$801,098 | ~$801,098 | ~2.0465% | ~$16,394 | +8.6% |
| 2029 | ~$823,559 | ~$823,559 | ~2.0465% | ~$16,854 | +11.7% |
| 2030 | ~$846,650 | ~$846,650 | ~2.0465% | ~$17,327 | +14.8% |
| 2026 | ~$787,489 | ~$787,489 | ~1.9977% | ~$15,731 | +6.8% |
| 2027 | ~$841,069 | ~$841,069 | ~1.9488% | ~$16,391 | +14.1% |
| 2028 | ~$898,293 | ~$898,293 | ~1.9000% | ~$17,068 | +21.8% |
| 2029 | ~$959,412 | ~$959,412 | ~1.8512% | ~$17,761 | +30.1% |
| 2030 | ~$1,024,688 | ~$1,024,688 | ~1.8024% | ~$18,469 | +39.0% |
In 2025, this property's market value of $737,323 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +42% 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 | $737,323 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $991,931 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,055,246 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $796,800 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $611,152 | $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.