3202 GROOMS ST TX 78705
| Owner | CHEN JASON & SUE-LAN CHEN TRUST |
|---|---|
| Parcel ID | 0216040501 |
| Short ID | 210190 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 5,056 SF |
| Land SF | 13,200 SF |
| Acres | 0.303 |
| Year Built | 1955 |
| Legal | N110FT OF LOT 4 & N110FT OF E55FT OF LOT 3 GROOMS ADDN |
| Neighborhood | 05WC1 |
| Land | $1,320,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,320,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,220,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,220,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,220,000 |
| Taxable Value | $1,220,000 |
|---|
Appreciation: Market value has risen +13.4% from $1,076,160 (2021) to $1,220,000 (2025), a CAGR of 3.2% over 4 years. Growth has been relatively flat for this asset class. 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 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 $24,967. 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 108% of market value ($1,320,000 land vs $0 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 $1,220,000, 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 +3.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,427,130 by 2030, with an estimated annual tax burden around $26,883. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,500 SF | ✗ |
| 1ST | 1st Floor | 2,528 SF | ✓ |
| 2ND | 2nd Floor | 2,528 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 2,000 SF | ✗ |
| 074 | OBS HEAT CENTRAL | 60 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 15 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 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% | $11,287.44 | $11,287.44 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,393.01 | $6,393.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,585.31 | $4,585.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,439.88 | $1,439.88 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,261.48 | $1,261.48 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,967.12 | $24,967.12 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,389,447 | $1,220,000 | +13.9% |
| Assessed Value | $1,389,447 | $1,220,000 | +13.9% |
| Land Value | $1,320,000 | $1,320,000 | +0.0% |
| Improvement Value | $69,447 | — | — |
| Taxable Value | $1,389,447 | $1,220,000 | +13.9% |
| Total Tax 2026 = estimate |
~$28,435
Estimated
|
~$24,967
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,440,960 | $1,389,447 | -51,513 (-3.6%) |
| Taxable Value | $1,440,960 | $1,389,447 | -51,513 (-3.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,389,447 | $1,320,000 | $69,447 | — | $1,389,447 | $1,389,447 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,220,000 | $1,320,000 | — | — | $1,220,000 | $1,220,000 | ~$24,967 | Partial |
| 2024 | $1,455,295 | — | — | −$135,295 | $1,320,000 | $— | $27,555 | Verified |
| 2023 | $1,084,247 | — | — | — | $1,320,000 ! | $— | $26,330 | Verified |
| 2022 | $1,084,247 | — | — | −$94,247 | $990,000 | $— | $21,498 | Verified |
| 2021 | $1,076,160 | — | — | −$86,160 | $990,000 | $— | $23,601 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.1% | +18.1% | ~100% | Not available | Partial |
| 2025 | -12.3% | -12.3% | ~100% | Not available | Partial |
| 2024 | -4.5% | -4.5% | ~100% | 1.9800% | Verified |
| 2023 | +24.3% | +24.3% | ~100% | 1.8100% | Verified |
| 2022 | +7.9% | +7.9% | ~100% | 1.8400% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.9% | +6.5% | +0.7% | +34.2% | 2024 | -16.2% | 2025 |
| Assessment Ratio | 100.0% | 99.3% | — | 121.7% | 2023 | 90.7% | 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 |
$24,967 | $24,790 | ~$26,120 | $27,555 | 2024 | $21,498 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,258,869 | ~$1,258,869 | ~2.0139% | ~$25,353 | +3.2% |
| 2027 | ~$1,298,977 | ~$1,298,977 | ~1.9814% | ~$25,738 | +6.5% |
| 2028 | ~$1,340,362 | ~$1,340,362 | ~1.9488% | ~$26,122 | +9.9% |
| 2029 | ~$1,383,066 | ~$1,383,066 | ~1.9163% | ~$26,504 | +13.4% |
| 2030 | ~$1,427,130 | ~$1,427,130 | ~1.8837% | ~$26,883 | +17.0% |
| 2026 | ~$1,234,469 | ~$1,234,469 | ~2.0465% | ~$25,263 | +1.2% |
| 2027 | ~$1,249,110 | ~$1,249,110 | ~2.0465% | ~$25,563 | +2.4% |
| 2028 | ~$1,263,924 | ~$1,263,924 | ~2.0465% | ~$25,866 | +3.6% |
| 2029 | ~$1,278,914 | ~$1,278,914 | ~2.0465% | ~$26,173 | +4.8% |
| 2030 | ~$1,294,082 | ~$1,294,082 | ~2.0465% | ~$26,483 | +6.1% |
| 2026 | ~$1,283,269 | ~$1,283,269 | ~1.9977% | ~$25,635 | +5.2% |
| 2027 | ~$1,349,819 | ~$1,349,819 | ~1.9488% | ~$26,306 | +10.6% |
| 2028 | ~$1,419,821 | ~$1,419,821 | ~1.9000% | ~$26,977 | +16.4% |
| 2029 | ~$1,493,453 | ~$1,493,453 | ~1.8512% | ~$27,647 | +22.4% |
| 2030 | ~$1,570,903 | ~$1,570,903 | ~1.8024% | ~$28,314 | +28.8% |
In 2025, this property's market value of $1,220,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +135% 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 | $1,220,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,455,295 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,084,247 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,084,247 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,076,160 | $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.