2907 WEST AVE TX 78705
| Owner | GREYSTONE SUMMIT ASSOCIATES LT |
|---|---|
| Parcel ID | 0217021419 |
| Short ID | 211418 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 34,900 SF |
| Land SF | 44,160 SF |
| Acres | 1.014 |
| Year Built | 1971 |
| Legal | LOT 11-17 BLK 4 OLT 72 DIV D BROWN LEANDER ADDN |
| Neighborhood | 08WC1 |
| Land | $3,532,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,532,800 |
| Improvement | $3,361,544 |
|---|---|
| Total Improvement | $3,361,544 |
| Market | $6,894,344 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,894,344 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,894,344 |
| Taxable Value | $6,894,344 |
|---|
Appreciation: Market value has risen +29.6% from $5,320,000 (2021) to $6,894,344 (2025), a CAGR of 6.7% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $141,092. 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 51% of market value ($3,532,800 land vs $3,361,544 improvements), about $80/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $6,894,344, 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 +6.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,532,781 by 2030, with an estimated annual tax burden around $179,573. 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.
20 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 58,228 SF | ✗ |
| 2ND | 2nd Floor | 21,701 SF | ✓ |
| 551 | PAVED AREA | 15,950 SF | ✗ |
| 1ST | 1st Floor | 13,199 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 3,004 SF | ✗ |
| 591 | MASONRY TRIM SF | 2,800 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 2,259 SF | ✗ |
| 511 | DECK | 456 SF | ✗ |
| 581C | STORAGE ATT COMM | 384 SF | ✓ |
| 601 | POOL COMM'L | 368 SF | ✗ |
| 571C | STORAGE DET COMM | 333 SF | ✓ |
| MISC | Miscellaneous | 5 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 287 | PARKING UNDER FV | 1 SF | ✓ |
| 299 | ALL FLAT VALUE | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 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% | $60,600.60 | $60,600.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $34,323.11 | $34,323.11 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $24,617.85 | $24,617.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,730.51 | $7,730.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,772.70 | $6,772.70 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $134,044.77 | $134,044.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,430,000 | $6,894,344 | -6.7% |
| Assessed Value | $6,430,000 | $6,894,344 | -6.7% |
| Land Value | $4,416,000 | $3,532,800 | +25.0% |
| Improvement Value | $2,014,000 | $3,361,544 | -40.1% |
| Taxable Value | $6,430,000 | $6,894,344 | -6.7% |
| Total Tax 2026 = estimate |
~$131,589
Estimated
|
~$134,045
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,705,771 | $6,430,000 | -275,771 (-4.1%) |
| Taxable Value | $6,705,771 | $6,430,000 | -275,771 (-4.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,430,000 | $4,416,000 | $2,014,000 | — | $6,430,000 | $6,430,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,894,344 | $3,532,800 | $3,361,544 | — | $6,894,344 | $6,894,344 | ~$134,045 | Partial |
| 2024 | $6,408,720 | — | — | −$2,875,920 | $3,532,800 | $— | $133,046 | Verified |
| 2023 | $5,700,000 | — | — | −$2,167,200 | $3,532,800 | $— | $110,668 | Verified |
| 2022 | $5,320,000 | — | — | −$2,493,760 | $2,826,240 | $— | $112,995 | Verified |
| 2021 | $5,320,000 | — | — | −$2,493,760 | $2,826,240 | $— | $115,799 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.7% | -2.7% | ~100% | Not available | Partial |
| 2025 | +2.7% | +2.7% | ~100% | Not available | Partial |
| 2024 | +4.8% | +4.8% | ~100% | 1.9800% | Verified |
| 2023 | +4.5% | +4.5% | ~100% | 1.7300% | Verified |
| 2022 | +15.2% | +15.2% | ~100% | 1.8400% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.7% | +4.1% | +8.2% | +12.4% | 2024 | -6.7% | 2026 |
| Assessment Ratio | 100.0% | 70.5% | — | 100.0% | 2025 | 53.1% | 2021 |
| Effective Tax Rate (2025) | 1.9400% | 1.9400% | — | 1.9400% | 2025 | 1.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$134,045 | $121,311 | ~$163,526 | $134,045 | 2025 | $110,668 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,355,942 | ~$7,355,942 | ~2.0139% | ~$148,144 | +6.7% |
| 2027 | ~$7,848,445 | ~$7,848,445 | ~1.9814% | ~$155,508 | +13.8% |
| 2028 | ~$8,373,922 | ~$8,373,922 | ~1.9488% | ~$163,194 | +21.5% |
| 2029 | ~$8,934,583 | ~$8,934,583 | ~1.9163% | ~$171,213 | +29.6% |
| 2030 | ~$9,532,781 | ~$9,532,781 | ~1.8837% | ~$179,573 | +38.3% |
| 2026 | ~$7,218,055 | ~$7,218,055 | ~2.0465% | ~$147,716 | +4.7% |
| 2027 | ~$7,556,965 | ~$7,556,965 | ~2.0465% | ~$154,652 | +9.6% |
| 2028 | ~$7,911,788 | ~$7,911,788 | ~2.0465% | ~$161,914 | +14.8% |
| 2029 | ~$8,283,271 | ~$8,283,271 | ~2.0465% | ~$169,516 | +20.1% |
| 2030 | ~$8,672,196 | ~$8,672,196 | ~2.0465% | ~$177,475 | +25.8% |
| 2026 | ~$7,493,829 | ~$7,493,829 | ~1.9977% | ~$149,701 | +8.7% |
| 2027 | ~$8,145,440 | ~$8,145,440 | ~1.9488% | ~$158,742 | +18.1% |
| 2028 | ~$8,853,711 | ~$8,853,711 | ~1.9000% | ~$168,222 | +28.4% |
| 2029 | ~$9,623,569 | ~$9,623,569 | ~1.8512% | ~$178,151 | +39.6% |
| 2030 | ~$10,460,368 | ~$10,460,368 | ~1.8024% | ~$188,535 | +51.7% |
In 2025, this property's market value of $6,894,344 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 13× 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 | $6,894,344 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $6,408,720 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $5,700,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $5,320,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $5,320,000 | $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.