701 CAROLYN AVE TX 78705
| Owner | BYRD DEBORAH |
|---|---|
| Parcel ID | 0216070201 |
| Short ID | 210541 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,141 SF |
| Land SF | 7,116 SF |
| Acres | 0.163 |
| Year Built | 1933 |
| Legal | LOT 10 BLK 9 OLT 7&8 DIV C HARPER W A SUBD |
| Neighborhood | Z64005 |
| Land | $544,530 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $544,530 |
| Improvement | $95,777 |
|---|---|
| Total Improvement | $95,777 |
| Market | $640,307 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $640,307 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $640,307 |
| Taxable Value | $640,307 |
|---|
Appreciation: Market value has risen +27.0% from $504,100 (2021) to $640,307 (2025), a CAGR of 6.2% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 $13,104. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 85% of market value ($544,530 land vs $95,777 improvements), about $77/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 $640,307, 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 +6.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $863,431 by 2030, with an estimated annual tax burden around $16,265. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,141 SF | ✓ |
| 512 | DECK UNCOVRED | 474 SF | ✗ |
| 031 | GARAGE DET 1ST F | 432 SF | ✓ |
| 581 | STORAGE ATT | 84 SF | ✓ |
| 612 | TERRACE UNCOVERD | 50 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 2 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% | $5,924.12 | $5,924.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,355.32 | $3,355.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,406.56 | $2,406.56 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $755.71 | $755.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $662.08 | $662.08 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,103.79 | $13,103.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $688,580 | $640,307 | +7.5% |
| Assessed Value | $688,580 | $640,307 | +7.5% |
| Land Value | $526,015 | $544,530 | -3.4% |
| Improvement Value | $162,565 | $95,777 | +69.7% |
| Taxable Value | $688,580 | $640,307 | +7.5% |
| Total Tax 2026 = estimate |
~$14,092
Estimated
|
~$13,104
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $893,337 | $688,580 | -204,757 (-22.9%) |
| Taxable Value | $768,368 | $688,580 | -79,788 (-10.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $688,580 | $526,015 | $162,565 | — | $688,580 | $688,580 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $640,307 | $544,530 | $95,777 | — | $640,307 | $640,307 | ~$13,104 | Partial |
| 2024 | $642,144 | — | — | — | $675,000 ! | $— | $13,377 | Verified |
| 2023 | $719,650 | — | — | −$369,650 | $350,000 | $— | $11,618 | Verified |
| 2022 | $627,000 | — | — | −$277,000 | $350,000 | $— | $14,213 | Verified |
| 2021 | $504,100 | — | — | −$179,100 | $325,000 | $— | $13,648 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +39.5% | +20.0% | 86.0% | Not available | Partial |
| 2025 | -5.1% | -5.1% | ~100% | Not available | Partial |
| 2024 | +5.1% | +5.1% | ~100% | 1.9800% | Verified |
| 2023 | -10.8% | -10.8% | ~100% | 1.8100% | Verified |
| 2022 | +14.8% | +14.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.7100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.5% | +7.1% | +4.7% | +24.4% | 2022 | -10.8% | 2024 |
| Assessment Ratio | 100.0% | 79.0% | — | 105.1% | 2024 | 48.6% | 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 |
$13,104 | $13,192 | ~$14,954 | $14,213 | 2022 | $11,618 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$679,761 | ~$679,761 | ~2.0139% | ~$13,690 | +6.2% |
| 2027 | ~$721,646 | ~$721,646 | ~1.9814% | ~$14,299 | +12.7% |
| 2028 | ~$766,111 | ~$766,111 | ~1.9488% | ~$14,930 | +19.6% |
| 2029 | ~$813,317 | ~$813,317 | ~1.9163% | ~$15,586 | +27.0% |
| 2030 | ~$863,431 | ~$863,431 | ~1.8837% | ~$16,265 | +34.8% |
| 2026 | ~$666,955 | ~$666,955 | ~2.0465% | ~$13,649 | +4.2% |
| 2027 | ~$694,711 | ~$694,711 | ~2.0465% | ~$14,217 | +8.5% |
| 2028 | ~$723,623 | ~$723,623 | ~2.0465% | ~$14,809 | +13.0% |
| 2029 | ~$753,738 | ~$753,738 | ~2.0465% | ~$15,425 | +17.7% |
| 2030 | ~$785,107 | ~$785,107 | ~2.0465% | ~$16,067 | +22.6% |
| 2026 | ~$692,567 | ~$692,567 | ~1.9977% | ~$13,835 | +8.2% |
| 2027 | ~$749,092 | ~$749,092 | ~1.9488% | ~$14,599 | +17.0% |
| 2028 | ~$810,231 | ~$810,231 | ~1.9000% | ~$15,395 | +26.5% |
| 2029 | ~$876,360 | ~$876,360 | ~1.8512% | ~$16,223 | +36.9% |
| 2030 | ~$947,886 | ~$947,886 | ~1.8024% | ~$17,084 | +48.0% |
In 2025, this property's market value of $640,307 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 | $640,307 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $642,144 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $719,650 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $627,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $504,100 | $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.