308 E 34 ST TX 78705
| Owner | 34TH STREET APARTMENTS LLC |
|---|---|
| Parcel ID | 0217060310 |
| Short ID | 211500 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,000 SF |
| Land SF | 10,200 SF |
| Acres | 0.234 |
| Year Built | 1968 |
| Legal | E 48FT LOT 4 *& W12FT LOT 5 BLK 10 GROOMS ADDN |
| Neighborhood | 05WC2 |
| Land | $1,020,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,020,000 |
| Improvement | $44,746 |
|---|---|
| Total Improvement | $44,746 |
| Market | $1,064,746 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,064,746 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,064,746 |
| Taxable Value | $1,064,746 |
|---|
Appreciation: Market value has risen +26.8% from $840,000 (2021) to $1,064,746 (2025), a CAGR of 6.1% over 4 years. This represents moderate, steady growth. 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 $21,790. 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 96% of market value ($1,020,000 land vs $44,746 improvements), about $100/SF of land. With value concentrated in the land under a ~58-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 $1,064,746, 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 +6.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,432,038 by 2030, with an estimated annual tax burden around $26,976. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 2,720 SF | ✗ |
| 1ST | 1st Floor | 2,000 SF | ✓ |
| 2ND | 2nd Floor | 2,000 SF | ✓ |
| 591 | MASONRY TRIM SF | 2,000 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 240 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 240 SF | ✗ |
| 581C | STORAGE ATT COMM | 60 SF | ✓ |
| 541 | FENCE COMM LF | 20 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $9,851.03 | $9,851.03 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,579.45 | $5,579.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,001.79 | $4,001.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,256.65 | $1,256.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,100.95 | $1,100.95 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,789.87 | $21,789.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,080,000 | $1,064,746 | +1.4% |
| Assessed Value | $1,080,000 | $1,064,746 | +1.4% |
| Land Value | $1,020,000 | $1,020,000 | +0.0% |
| Improvement Value | $60,000 | $44,746 | +34.1% |
| Taxable Value | $1,080,000 | $1,064,746 | +1.4% |
| Total Tax 2026 = estimate |
~$22,102
Estimated
|
~$21,790
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,200,000 | $1,080,000 | -120,000 (-10.0%) |
| Taxable Value | $1,200,000 | $1,080,000 | -120,000 (-10.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,080,000 | $1,020,000 | $60,000 | — | $1,080,000 | $1,080,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,064,746 | $1,020,000 | $44,746 | — | $1,064,746 | $1,064,746 | ~$21,790 | Partial |
| 2024 | $1,042,503 | — | — | −$22,503 | $1,020,000 | $— | $22,196 | Verified |
| 2023 | $810,394 | — | — | — | $1,020,000 ! | $— | $18,861 | Verified |
| 2022 | $833,217 | — | — | −$68,217 | $765,000 | $— | $16,005 | Verified |
| 2021 | $840,000 | — | — | −$75,000 | $765,000 | $— | $18,136 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.7% | +12.7% | ~100% | Not available | Partial |
| 2025 | -4.9% | -4.9% | ~100% | Not available | Partial |
| 2024 | +7.4% | +7.4% | ~100% | 1.9800% | Verified |
| 2023 | +28.6% | +28.6% | ~100% | 1.8100% | Verified |
| 2022 | -2.7% | -2.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.4% | +5.7% | +5.8% | +28.6% | 2024 | -2.7% | 2023 |
| Assessment Ratio | 100.0% | 101.1% | — | 125.9% | 2023 | 91.1% | 2021 |
| 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 |
$21,790 | $19,398 | ~$24,826 | $22,196 | 2024 | $16,005 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,129,764 | ~$1,129,764 | ~2.0139% | ~$22,753 | +6.1% |
| 2027 | ~$1,198,752 | ~$1,198,752 | ~1.9814% | ~$23,752 | +12.6% |
| 2028 | ~$1,271,953 | ~$1,271,953 | ~1.9488% | ~$24,788 | +19.5% |
| 2029 | ~$1,349,624 | ~$1,349,624 | ~1.9163% | ~$25,863 | +26.8% |
| 2030 | ~$1,432,038 | ~$1,432,038 | ~1.8837% | ~$26,976 | +34.5% |
| 2026 | ~$1,108,469 | ~$1,108,469 | ~2.0465% | ~$22,685 | +4.1% |
| 2027 | ~$1,153,987 | ~$1,153,987 | ~2.0465% | ~$23,616 | +8.4% |
| 2028 | ~$1,201,375 | ~$1,201,375 | ~2.0465% | ~$24,586 | +12.8% |
| 2029 | ~$1,250,709 | ~$1,250,709 | ~2.0465% | ~$25,596 | +17.5% |
| 2030 | ~$1,302,068 | ~$1,302,068 | ~2.0465% | ~$26,647 | +22.3% |
| 2026 | ~$1,151,059 | ~$1,151,059 | ~1.9977% | ~$22,994 | +8.1% |
| 2027 | ~$1,244,369 | ~$1,244,369 | ~1.9488% | ~$24,251 | +16.9% |
| 2028 | ~$1,345,242 | ~$1,345,242 | ~1.9000% | ~$25,560 | +26.3% |
| 2029 | ~$1,454,293 | ~$1,454,293 | ~1.8512% | ~$26,922 | +36.6% |
| 2030 | ~$1,572,185 | ~$1,572,185 | ~1.8024% | ~$28,337 | +47.7% |
In 2025, this property's market value of $1,064,746 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +105% 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 | $1,064,746 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,042,503 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $810,394 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $833,217 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $840,000 | $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.