1017 CONCORDIA AVE TX 78705
| Owner | ESCARPMENT VILLAGE LLC |
|---|---|
| Parcel ID | 0215080157 |
| Short ID | 771763 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 292,431 SF |
| Land SF | 101,364 SF |
| Acres | 2.327 |
| Year Built | — |
| Legal | LOT 6 BLK A EAST AVENUE SUBD |
| Neighborhood | 08WC2 |
| Land | $20,272,824 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $20,272,824 |
| Improvement | $65,977,176 |
|---|---|
| Total Improvement | $65,977,176 |
| Market | $86,250,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $86,250,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $86,250,000 |
| Taxable Value | $86,250,000 |
|---|
Appreciation: Market value has risen +673.5% from $11,150,000 (2021) to $86,250,000 (2025), a CAGR of 66.8% 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 $1,765,093. 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 24% of market value ($20,272,824 land vs $65,977,176 improvements), about $200/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $86,250,000, 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 +66.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,112,664,929 by 2030, with an estimated annual tax burden around $20,959,742. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 292,431 SF | ✓ |
Market value changed by 309% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $797,985.00 | $797,985.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $451,964.66 | $451,964.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $324,166.31 | $324,166.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $101,794.84 | $101,794.84 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $89,182.50 | $89,182.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,765,093.31 | $1,765,093.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $78,400,000 | $86,250,000 | -9.1% |
| Assessed Value | $78,400,000 | $86,250,000 | -9.1% |
| Land Value | $20,272,824 | $20,272,824 | +0.0% |
| Improvement Value | $58,127,176 | $65,977,176 | -11.9% |
| Taxable Value | $78,400,000 | $86,250,000 | -9.1% |
| Total Tax 2026 = estimate |
~$1,604,444
Estimated
|
~$1,765,093
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $82,244,193 | $78,400,000 | -3,844,193 (-4.7%) |
| Taxable Value | $82,244,193 | $78,400,000 | -3,844,193 (-4.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $78,400,000 | $20,272,824 | $58,127,176 | — | $78,400,000 | $78,400,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $86,250,000 | $20,272,824 | $65,977,176 | — | $86,250,000 | $86,250,000 | ~$1,765,093 | Partial |
| 2024 | $118,870,000 | — | — | −$98,597,176 | $20,272,824 | $— | $1,837,897 | Verified |
| 2023 | $66,842,023 | — | — | −$46,569,199 | $20,272,824 | $— | $1,827,853 | Verified |
| 2022 | $16,358,101 | — | — | — | $20,272,824 ! | $— | $1,320,078 | Verified |
| 2021 | $11,150,000 | — | — | — | $11,150,053 ! | $— | $356,063 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.6% | -4.6% | ~100% | Not available | Partial |
| 2025 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2024 | -22.0% | -22.0% | ~100% | 1.9800% | Verified |
| 2023 | +77.8% ! | +77.8% | ~100% | 1.5400% | Verified |
| 2022 | +308.6% ! | +308.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +427.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.1% | +79.3% | +70.1% | +308.6% | 2023 | -27.4% | 2025 |
| Assessment Ratio | 100.0% | 78.5% | — | 123.9% | 2022 | 17.1% | 2024 |
| 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 |
$1,765,093 | $1,421,397 | ~$9,838,244 | $1,837,897 | 2024 | $356,063 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$143,840,162 | ~$143,840,162 | ~2.0139% | ~$2,896,850 | +66.8% |
| 2027 | ~$239,883,967 | ~$239,883,967 | ~1.9814% | ~$4,753,032 | +178.1% |
| 2028 | ~$400,057,375 | ~$400,057,375 | ~1.9488% | ~$7,796,476 | +363.8% |
| 2029 | ~$667,180,493 | ~$667,180,493 | ~1.9163% | ~$12,785,120 | +673.5% |
| 2030 | ~$1,112,664,929 | ~$1,112,664,929 | ~1.8837% | ~$20,959,742 | +1190.0% |
| 2026 | ~$142,115,162 | ~$142,115,162 | ~2.0465% | ~$2,908,365 | +64.8% |
| 2027 | ~$234,164,860 | ~$234,164,860 | ~2.0465% | ~$4,792,149 | +171.5% |
| 2028 | ~$385,836,255 | ~$385,836,255 | ~2.0465% | ~$7,896,081 | +347.3% |
| 2029 | ~$635,747,036 | ~$635,747,036 | ~2.0465% | ~$13,010,468 | +637.1% |
| 2030 | ~$1,047,528,033 | ~$1,047,528,033 | ~2.0465% | ~$21,437,504 | +1114.5% |
| 2026 | ~$145,565,162 | ~$145,565,162 | ~1.9977% | ~$2,907,900 | +68.8% |
| 2027 | ~$245,672,073 | ~$245,672,073 | ~1.9488% | ~$4,787,754 | +184.8% |
| 2028 | ~$414,623,711 | ~$414,623,711 | ~1.9000% | ~$7,877,920 | +380.7% |
| 2029 | ~$699,765,421 | ~$699,765,421 | ~1.8512% | ~$12,954,015 | +711.3% |
| 2030 | ~$1,181,002,513 | ~$1,181,002,513 | ~1.8024% | ~$21,286,050 | +1269.3% |
In 2025, this property's market value of $86,250,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 166× 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 | $86,250,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $118,870,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $66,842,023 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $16,358,101 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $11,150,000 | $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.