705 SPARKS AVE TX 78705
| Owner | CROCKETT PARTNERS LTD |
|---|---|
| Parcel ID | 0215060103 |
| Short ID | 208702 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,590 SF |
| Land SF | 7,705 SF |
| Acres | 0.177 |
| Year Built | 1955 |
| Legal | LOT 3 OLT 1 DIV X HARRIS PARK ADDN |
| Neighborhood | 05WC1 |
| Land | $770,499 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $770,499 |
| Improvement | $229,501 |
|---|---|
| Total Improvement | $229,501 |
| Market | $1,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,000,000 |
| Taxable Value | $1,000,000 |
|---|
Appreciation: Market value has fallen -3.2% from $1,032,750 (2021) to $1,000,000 (2025), a CAGR of -0.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $20,465. 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 77% of market value ($770,499 land vs $229,501 improvements), about $100/SF of land. With value concentrated in the land under a ~71-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 $1,000,000, 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.
Forward Outlook: Holding the -0.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $960,519 by 2030, with an estimated annual tax burden around $18,094. 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 | 2,784 SF | ✗ |
| 2ND | 2nd Floor | 2,498 SF | ✓ |
| 1ST | 1st Floor | 2,092 SF | ✓ |
| SO | Sketch Only | 612 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 590 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 414 SF | ✓ |
| UBSMT | Unfinished Basement | 392 SF | ✓ |
| 251 | BATHROOM | 4 SF | ✓ |
| 619 | TERRACE 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% | $9,252.00 | $9,252.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,240.17 | $5,240.17 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,758.45 | $3,758.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,180.23 | $1,180.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,034.00 | $1,034.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,464.85 | $20,464.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $900,000 | $1,000,000 | -10.0% |
| Assessed Value | $900,000 | $1,000,000 | -10.0% |
| Land Value | $770,499 | $770,499 | +0.0% |
| Improvement Value | $129,501 | $229,501 | -43.6% |
| Taxable Value | $900,000 | $1,000,000 | -10.0% |
| Total Tax 2026 = estimate |
~$18,418
Estimated
|
~$20,465
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,216,350 | $900,000 | -316,350 (-26.0%) |
| Taxable Value | $1,200,000 | $900,000 | -300,000 (-25.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $900,000 | $770,499 | $129,501 | — | $900,000 | $900,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,000,000 | $770,499 | $229,501 | — | $1,000,000 | $1,000,000 | ~$20,465 | Partial |
| 2024 | $1,147,500 | — | — | −$377,001 | $770,499 | $— | $19,818 | Verified |
| 2023 | $1,078,650 | — | — | −$308,151 | $770,499 | $— | $20,761 | Verified |
| 2022 | $1,032,750 | — | — | −$531,926 | $500,824 | $— | $21,302 | Verified |
| 2021 | $1,032,750 | — | — | −$531,926 | $500,824 | $— | $22,480 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +21.6% | +20.0% | 98.7% | Not available | Partial |
| 2025 | -16.2% | -16.2% | ~100% | Not available | Partial |
| 2024 | +4.0% | +4.0% | ~100% | 1.6600% | Verified |
| 2023 | +6.4% | +6.4% | ~100% | 1.8100% | Verified |
| 2022 | +4.4% | +4.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -3.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.0% | -2.4% | +1.4% | +6.4% | 2024 | -12.9% | 2025 |
| Assessment Ratio | 100.0% | 72.6% | — | 100.0% | 2025 | 48.5% | 2021 |
| 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 |
$20,465 | $20,965 | ~$19,029 | $22,480 | 2021 | $19,818 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$991,976 | ~$991,976 | ~2.0139% | ~$19,978 | -0.8% |
| 2027 | ~$984,017 | ~$984,017 | ~1.9814% | ~$19,497 | -1.6% |
| 2028 | ~$976,121 | ~$976,121 | ~1.9488% | ~$19,023 | -2.4% |
| 2029 | ~$968,289 | ~$968,289 | ~1.9163% | ~$18,555 | -3.2% |
| 2030 | ~$960,519 | ~$960,519 | ~1.8837% | ~$18,094 | -3.9% |
| 2026 | ~$971,976 | ~$971,976 | ~2.0465% | ~$19,891 | -2.8% |
| 2027 | ~$944,737 | ~$944,737 | ~2.0465% | ~$19,334 | -5.5% |
| 2028 | ~$918,262 | ~$918,262 | ~2.0465% | ~$18,792 | -8.2% |
| 2029 | ~$892,529 | ~$892,529 | ~2.0465% | ~$18,265 | -10.7% |
| 2030 | ~$867,517 | ~$867,517 | ~2.0465% | ~$17,754 | -13.2% |
| 2026 | ~$1,011,976 | ~$1,011,976 | ~1.9977% | ~$20,216 | +1.2% |
| 2027 | ~$1,024,096 | ~$1,024,096 | ~1.9488% | ~$19,958 | +2.4% |
| 2028 | ~$1,036,360 | ~$1,036,360 | ~1.9000% | ~$19,691 | +3.6% |
| 2029 | ~$1,048,772 | ~$1,048,772 | ~1.8512% | ~$19,415 | +4.9% |
| 2030 | ~$1,061,332 | ~$1,061,332 | ~1.8024% | ~$19,129 | +6.1% |
In 2025, this property's market value of $1,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +92% 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 | $1,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,147,500 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,078,650 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,032,750 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,032,750 | $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.