SORIN ST TX 78723
| Owner | MUELLER ALDRICH TOWER LP |
|---|---|
| Parcel ID | 0215163103 |
| Short ID | 935079 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 288,750 SF |
| Land SF | 209,480 SF |
| Acres | 4.809 |
| Year Built | 2022 |
| Legal | LOT 3 MUELLER SEC VII-C SUBD AMD RESUB LT 1 BLK 94B |
| Neighborhood | 1EA2 |
| Land | $6,284,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,284,400 |
| Improvement | $90,625,600 |
|---|---|
| Total Improvement | $90,625,600 |
| Market | $96,910,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $96,910,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $96,910,000 |
| Taxable Value | $96,910,000 |
|---|
Appreciation: Market value has risen +6388.0% from $1,493,672 (2021) to $96,910,000 (2025), a CAGR of 183.8% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $1,983,249. 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 6% of market value ($6,284,400 land vs $90,625,600 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $96,910,000, 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 +183.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,844,742,508 by 2030, with an estimated annual tax burden around $336,148,999. 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 | 288,750 SF | ✓ |
Market value changed by 1026% in 2023, 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% | $860,436.00 | $860,436.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $487,335.81 | $487,335.81 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $349,535.85 | $349,535.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $109,761.39 | $109,761.39 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $96,162.00 | $96,162.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,903,231.05 | $1,903,231.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $96,060,000 | $96,910,000 | -0.9% |
| Assessed Value | $96,060,000 | $96,910,000 | -0.9% |
| Land Value | $6,284,400 | $6,284,400 | +0.0% |
| Improvement Value | $89,775,600 | $90,625,600 | -0.9% |
| Taxable Value | $96,060,000 | $96,910,000 | -0.9% |
| Total Tax 2026 = estimate |
~$1,965,853
Estimated
|
~$1,903,231
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $104,742,336 | $96,060,000 | -8,682,336 (-8.3%) |
| Taxable Value | $104,742,336 | $96,060,000 | -8,682,336 (-8.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $96,060,000 | $6,284,400 | $89,775,600 | — | $96,060,000 | $96,060,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $96,910,000 | $6,284,400 | $90,625,600 | — | $96,910,000 | $96,910,000 | ~$1,903,231 | Partial |
| 2024 | $16,816,480 | — | — | −$10,532,080 | $6,284,400 | $— | $958,409 | Verified |
| 2023 | $— | — | — | — | $1,493,672 | $— | $304,252 | Verified |
| 2022 | $— | — | — | — | $1,493,672 | $— | $29,499 | Verified |
| 2021 | $1,493,672 | — | — | — | $1,493,672 | $— | $32,512 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.1% | +8.1% | ~100% | Not available | Partial |
| 2025 | +100.4% ! | +100.4% | ~100% | Not available | Partial |
| 2024 | +187.6% ! | +187.6% | ~100% | 1.9800% | Verified |
| 2023 | +1025.8% ! | +1025.8% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6388.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.9% | +500.4% | +184.3% | +1025.8% | 2024 | -0.9% | 2026 |
| Assessment Ratio | 100.0% | 84.3% | — | 100.0% | 2021 | 37.4% | 2024 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,903,231 | $964,717 | ~$104,163,474 | $1,903,231 | 2025 | $32,512 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$275,040,679 | ~$275,040,679 | ~2.0139% | ~$5,539,145 | +183.8% |
| 2027 | ~$780,594,111 | ~$780,594,111 | ~1.9814% | ~$15,466,598 | +705.5% |
| 2028 | ~$2,215,407,435 | ~$2,215,407,435 | ~1.9488% | ~$43,174,735 | +2186.0% |
| 2029 | ~$6,287,557,175 | ~$6,287,557,175 | ~1.9163% | ~$120,487,892 | +6388.0% |
| 2030 | ~$17,844,742,508 | ~$17,844,742,508 | ~1.8837% | ~$336,148,999 | +18313.7% |
| 2026 | ~$273,102,479 | ~$273,102,479 | ~2.0465% | ~$5,589,001 | +181.8% |
| 2027 | ~$769,631,248 | ~$769,631,248 | ~2.0465% | ~$15,750,388 | +694.2% |
| 2028 | ~$2,168,901,062 | ~$2,168,901,062 | ~2.0465% | ~$44,386,235 | +2138.1% |
| 2029 | ~$6,112,189,220 | ~$6,112,189,220 | ~2.0465% | ~$125,085,036 | +6207.1% |
| 2030 | ~$17,224,786,193 | ~$17,224,786,193 | ~2.0465% | ~$352,502,666 | +17674.0% |
| 2026 | ~$276,978,879 | ~$276,978,879 | ~1.9977% | ~$5,533,103 | +185.8% |
| 2027 | ~$791,634,502 | ~$791,634,502 | ~1.9488% | ~$15,427,686 | +716.9% |
| 2028 | ~$2,262,573,905 | ~$2,262,573,905 | ~1.9000% | ~$42,989,283 | +2234.7% |
| 2029 | ~$6,466,672,012 | ~$6,466,672,012 | ~1.8512% | ~$119,710,644 | +6572.9% |
| 2030 | ~$18,482,422,523 | ~$18,482,422,523 | ~1.8024% | ~$333,121,870 | +18971.7% |
In 2025, this property's market value of $96,910,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 186× 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 | $96,910,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $16,816,480 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $1,493,672 | $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.