600 ELMWOOD PL TX 78705
| Owner | GUEVARA JOSEPH A & MARIA M TRE |
|---|---|
| Parcel ID | 0215051015 |
| Short ID | 208664 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,476 SF |
| Land SF | 6,870 SF |
| Acres | 0.158 |
| Year Built | 1933 |
| Legal | LOT 46 OLT 1 DIV X COLLEGE COURT PLUS 1/2 INT IN 12FT RESERVE STRIP |
| Neighborhood | Z64005 |
| Land | $513,218 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $513,218 |
| Improvement | $128,094 |
|---|---|
| Total Improvement | $128,094 |
| Market | $641,312 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $641,312 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $641,312 |
| Taxable Value | $641,312 |
|---|
Appreciation: Market value has risen +25.1% from $512,700 (2021) to $641,312 (2025), a CAGR of 5.8% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2025→2026), 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 $13,124. 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 80% of market value ($513,218 land vs $128,094 improvements), about $75/SF of land. With value concentrated in the land under a ~93-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 $641,312, 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 +5.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $848,354 by 2030, with an estimated annual tax burden around $15,981. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 1,238 SF | ✓ |
| 2ND | 2nd Floor | 1,238 SF | ✓ |
| 612 | TERRACE UNCOVERD | 448 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 70 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 70 SF | ✗ |
| 512 | DECK UNCOVRED | 56 SF | ✗ |
| 251 | BATHROOM | 4 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% | $5,933.42 | $5,933.42 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,360.58 | $3,360.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,410.34 | $2,410.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $756.90 | $756.90 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $663.12 | $663.12 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,124.36 | $13,124.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $853,769 | $641,312 | +33.1% |
| Assessed Value | $769,574 | $641,312 | +20.0% |
| Land Value | $496,593 | $513,218 | -3.2% |
| Improvement Value | $357,176 | $128,094 | +178.8% |
| Taxable Value | $769,574 | $641,312 | +20.0% |
| HS Cap Loss | -$84,195 | — | |
| Total Tax 2026 = estimate |
~$15,749
Estimated
|
~$13,124
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $853,769 | $853,769 | +0 (+0.0%) |
| Taxable Value | $769,574 | $769,574 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $853,769 | $496,593 | $357,176 | −$84,195 | $769,574 | $769,574 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $641,312 | $513,218 | $128,094 | — | $641,312 | $641,312 | ~$13,124 | Partial |
| 2024 | $774,742 | — | — | −$62,242 | $712,500 | $— | $15,379 | Verified |
| 2023 | $774,742 | — | — | −$424,742 | $350,000 | $— | $14,120 | Verified |
| 2022 | $685,000 | — | — | −$352,500 | $332,500 | $— | $15,301 | Verified |
| 2021 | $512,700 | — | — | −$203,950 | $308,750 | $— | $14,910 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +33.1% | +20.0% | 90.1% | Not available | Partial |
| 2025 | -17.4% | -17.4% | ~100% | Not available | Partial |
| 2024 | -11.7% | -11.7% | ~100% | 1.9800% | Verified |
| 2023 | +2.1% | +2.1% | ~100% | 1.6100% | Verified |
| 2022 | +25.7% | +25.7% | ~100% | 1.7800% | Verified |
| 2021 | base year | — | ~100% | 2.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -6.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +33.1% | +12.5% | +0.5% | +33.6% | 2022 | -17.2% | 2025 |
| Assessment Ratio | 90.1% | 72.7% | — | 100.0% | 2025 | 45.2% | 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 |
$13,124 | $14,567 | ~$14,801 | $15,379 | 2024 | $13,124 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$678,220 | ~$678,220 | ~2.0139% | ~$13,659 | +5.8% |
| 2027 | ~$717,253 | ~$717,253 | ~1.9814% | ~$14,212 | +11.8% |
| 2028 | ~$758,532 | ~$758,532 | ~1.9488% | ~$14,783 | +18.3% |
| 2029 | ~$802,187 | ~$802,187 | ~1.9163% | ~$15,372 | +25.1% |
| 2030 | ~$848,354 | ~$848,354 | ~1.8837% | ~$15,981 | +32.3% |
| 2026 | ~$665,394 | ~$665,394 | ~2.0465% | ~$13,617 | +3.8% |
| 2027 | ~$690,381 | ~$690,381 | ~2.0465% | ~$14,129 | +7.7% |
| 2028 | ~$716,306 | ~$716,306 | ~2.0465% | ~$14,659 | +11.7% |
| 2029 | ~$743,204 | ~$743,204 | ~2.0465% | ~$15,210 | +15.9% |
| 2030 | ~$771,112 | ~$771,112 | ~2.0465% | ~$15,781 | +20.2% |
| 2026 | ~$691,047 | ~$691,047 | ~1.9977% | ~$13,805 | +7.8% |
| 2027 | ~$744,638 | ~$744,638 | ~1.9488% | ~$14,512 | +16.1% |
| 2028 | ~$802,386 | ~$802,386 | ~1.9000% | ~$15,245 | +25.1% |
| 2029 | ~$864,612 | ~$864,612 | ~1.8512% | ~$16,006 | +34.8% |
| 2030 | ~$931,664 | ~$931,664 | ~1.8024% | ~$16,792 | +45.3% |
In 2025, this property's market value of $641,312 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +23% 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 | $641,312 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $774,742 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $774,742 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $685,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $512,700 | $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.