705 E 38 ST TX 78705
| Owner | KIMBRO JAMES R |
|---|---|
| Parcel ID | 0216070417 |
| Short ID | 210577 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 3,384 SF |
| Land SF | 17,773 SF |
| Acres | 0.408 |
| Year Built | 1920 |
| Legal | LOT 9-11 *& W CEN 7.16X21.8' LOT 10 BLK 7 OLT 7&8 DIV C HARPER W A SUBD |
| Neighborhood | Z64005 |
| Land | $657,927 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $657,927 |
| Improvement | $171,281 |
|---|---|
| Total Improvement | $171,281 |
| Market | $829,208 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $829,208 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $829,208 |
| Exemptions (−) (HS,OV65) | −$242,725 |
|---|---|
| Taxable Value | $586,483 |
Appreciation: Market value has risen +22.7% from $675,700 (2021) to $829,208 (2025), a CAGR of 5.3% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), 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 $12,002. Austin ISD is the largest single contributor, at 40.5% 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 79% of market value ($657,927 land vs $171,281 improvements), about $37/SF of land. With value concentrated in the land under a ~106-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 $829,208, 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 +5.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,071,027 by 2030, with an estimated annual tax burden around $20,175. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,384 SF | ✗ |
| FBSMT | Finished Basement | 1,396 SF | ✓ |
| 1ST | 1st Floor | 1,372 SF | ✓ |
| 061 | CARPORT ATT 1ST | 672 SF | ✗ |
| 1/2 | Half Floor | 616 SF | ✓ |
| 031 | GARAGE DET 1ST F | 360 SF | ✓ |
| 512 | DECK UNCOVRED | 88 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 24 SF | ✗ |
| 251 | BATHROOM | 3 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% | $4,269.38 | $4,269.38 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,817.66 | $2,817.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,204.27 | $2,204.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $642.64 | $642.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $616.45 | $616.45 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,550.40 | $10,550.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $790,475 | $829,208 | -4.7% |
| Assessed Value | $790,475 | $829,208 | -4.7% |
| Land Value | $389,535 | $657,927 | -40.8% |
| Improvement Value | $400,940 | $171,281 | +134.1% |
| Taxable Value | $550,349 | $586,483 | -6.2% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$11,263
Estimated
|
~$10,550
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $964,259 | $790,475 | -173,784 (-18.0%) |
| Taxable Value | $680,306 | $550,349 | -129,957 (-19.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $790,475 | $389,535 | $400,940 | — | $790,475 | $550,349 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $829,208 | $657,927 | $171,281 | — | $829,208 | $586,483 | ~$10,550 | Partial |
| 2024 | $1,003,702 | — | — | −$78,702 | $925,000 | $— | $12,503 | Verified |
| 2023 | $1,070,045 | — | — | −$629,045 | $441,000 | $— | $12,296 | Verified |
| 2022 | $819,291 | — | — | −$378,291 | $441,000 | $— | $15,006 | Verified |
| 2021 | $675,700 | — | — | −$266,200 | $409,500 | $— | $13,739 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.3% | +12.5% | 96.8% | Not available | Partial |
| 2025 | -10.4% | -10.4% | ~100% | Not available | Partial |
| 2024 | -7.8% | -1.7% | ~100% | 1.3500% | Verified |
| 2023 | -6.2% | +2.5% | 93.8% | 1.2300% | Verified |
| 2022 | +30.6% | +18.7% | 85.8% | 1.4000% | Verified |
| 2021 | base year | — | 94.4% | 2.0300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.7% | +4.7% | +6.3% | +30.6% | 2023 | -17.4% | 2025 |
| Assessment Ratio | 100.0% | 74.6% | — | 100.0% | 2025 | 41.2% | 2023 |
| Effective Tax Rate (2025) | 1.2700% | 1.2700% | — | 1.2700% | 2025 | 1.2700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$10,550 | $12,819 | ~$18,859 | $15,006 | 2022 | $10,550 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$872,752 | ~$872,752 | ~2.0139% | ~$17,577 | +5.3% |
| 2027 | ~$918,583 | ~$918,583 | ~1.9814% | ~$18,201 | +10.8% |
| 2028 | ~$966,820 | ~$966,820 | ~1.9488% | ~$18,842 | +16.6% |
| 2029 | ~$1,017,591 | ~$1,017,591 | ~1.9163% | ~$19,500 | +22.7% |
| 2030 | ~$1,071,027 | ~$1,071,027 | ~1.8837% | ~$20,175 | +29.2% |
| 2026 | ~$856,168 | ~$856,168 | ~2.0465% | ~$17,521 | +3.3% |
| 2027 | ~$884,004 | ~$884,004 | ~2.0465% | ~$18,091 | +6.6% |
| 2028 | ~$912,746 | ~$912,746 | ~2.0465% | ~$18,679 | +10.1% |
| 2029 | ~$942,422 | ~$942,422 | ~2.0465% | ~$19,287 | +13.7% |
| 2030 | ~$973,062 | ~$973,062 | ~2.0465% | ~$19,914 | +17.3% |
| 2026 | ~$889,336 | ~$889,336 | ~1.9977% | ~$17,766 | +7.3% |
| 2027 | ~$953,824 | ~$953,824 | ~1.9488% | ~$18,588 | +15.0% |
| 2028 | ~$1,022,989 | ~$1,022,989 | ~1.9000% | ~$19,437 | +23.4% |
| 2029 | ~$1,097,169 | ~$1,097,169 | ~1.8512% | ~$20,311 | +32.3% |
| 2030 | ~$1,176,728 | ~$1,176,728 | ~1.8024% | ~$21,209 | +41.9% |
In 2025, this property's market value of $829,208 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +60% 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 | $829,208 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,003,702 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,070,045 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $819,291 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $675,700 | $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.