607 E 38 ST TX 78705
| Owner | HABITAT HAUS LLC |
|---|---|
| Parcel ID | 0217061604 |
| Short ID | 211713 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,824 SF |
| Land SF | 7,008 SF |
| Acres | 0.161 |
| Year Built | 2025 |
| Legal | LOT 7 BLK 4 OLT 7-8 DIV C HARPERS SUBD |
| Neighborhood | Z64005 |
| Land | $542,636 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $542,636 |
| Improvement | $124,715 |
|---|---|
| Total Improvement | $124,715 |
| Market | $667,351 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $667,351 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $667,351 |
| Taxable Value | $667,351 |
|---|
Appreciation: Market value has risen +48.2% from $450,262 (2021) to $667,351 (2025), a CAGR of 10.3% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $13,657. 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 81% of market value ($542,636 land vs $124,715 improvements), about $77/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $667,351, 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 +10.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,091,354 by 2030, with an estimated annual tax burden around $20,246. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,242 SF | ✗ |
| 1ST | 1st Floor | 3,048 SF | ✓ |
| 2ND | 2nd Floor | 1,300 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 740 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 480 SF | ✓ |
| 1/2 | Half Floor | 476 SF | ✓ |
| 031 | GARAGE DET 1ST F | 360 SF | ✓ |
| 512 | DECK UNCOVRED | 45 SF | ✗ |
| 251 | BATHROOM | 8 SF | ✓ |
| 252 | BEDROOMS | 6 SF | ✓ |
| 250 | HALF BATHROOM | 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% | $6,174.33 | $6,174.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,497.03 | $3,497.03 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,508.21 | $2,508.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $787.63 | $787.63 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $690.04 | $690.04 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,657.24 | $13,657.24 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $635,396 | $667,351 | -4.8% |
| Assessed Value | $635,396 | $667,351 | -4.8% |
| Land Value | $367,547 | $542,636 | -32.3% |
| Improvement Value | $267,849 | $124,715 | +114.8% |
| Taxable Value | $635,396 | $667,351 | -4.8% |
| Total Tax 2026 = estimate |
~$13,003
Estimated
|
~$13,657
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $635,396 | $635,396 | +0 (+0.0%) |
| Taxable Value | $635,396 | $635,396 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $635,396 | $367,547 | $267,849 | — | $635,396 | $635,396 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $667,351 | $542,636 | $124,715 | — | $667,351 | $667,351 | ~$13,657 | Partial |
| 2024 | $734,000 | — | — | — | $750,000 ! | $— | $15,062 | Verified |
| 2023 | $630,252 | — | — | −$280,252 | $350,000 | $— | $13,280 | Verified |
| 2022 | $494,300 | — | — | −$144,300 | $350,000 | $— | $12,447 | Verified |
| 2021 | $450,262 | — | — | −$125,262 | $325,000 | $— | $10,759 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.8% | -4.8% | ~100% | Not available | Partial |
| 2025 | -12.2% | -12.2% | ~100% | Not available | Partial |
| 2024 | +3.5% | +3.5% | ~100% | 1.9800% | Verified |
| 2023 | +16.5% | +16.5% | ~100% | 1.8100% | Verified |
| 2022 | +27.5% | +27.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.8% | +8.0% | +11.4% | +27.5% | 2023 | -9.1% | 2025 |
| Assessment Ratio | 100.0% | 83.5% | — | 102.2% | 2024 | 55.5% | 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 |
$13,657 | $13,041 | ~$17,413 | $15,062 | 2024 | $10,759 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$736,337 | ~$734,086 | ~2.0139% | ~$14,784 | +10.3% |
| 2027 | ~$812,454 | ~$807,495 | ~1.9814% | ~$16,000 | +21.7% |
| 2028 | ~$896,440 | ~$888,244 | ~1.9488% | ~$17,310 | +34.3% |
| 2029 | ~$989,107 | ~$977,069 | ~1.9163% | ~$18,723 | +48.2% |
| 2030 | ~$1,091,354 | ~$1,074,775 | ~1.8837% | ~$20,246 | +63.5% |
| 2026 | ~$722,990 | ~$722,990 | ~2.0465% | ~$14,796 | +8.3% |
| 2027 | ~$783,268 | ~$783,268 | ~2.0465% | ~$16,029 | +17.4% |
| 2028 | ~$848,571 | ~$848,571 | ~2.0465% | ~$17,366 | +27.2% |
| 2029 | ~$919,318 | ~$919,318 | ~2.0465% | ~$18,814 | +37.8% |
| 2030 | ~$995,964 | ~$995,964 | ~2.0465% | ~$20,382 | +49.2% |
| 2026 | ~$749,684 | ~$734,086 | ~1.9977% | ~$14,665 | +12.3% |
| 2027 | ~$842,174 | ~$807,495 | ~1.9488% | ~$15,737 | +26.2% |
| 2028 | ~$946,076 | ~$888,244 | ~1.9000% | ~$16,877 | +41.8% |
| 2029 | ~$1,062,796 | ~$977,069 | ~1.8512% | ~$18,087 | +59.3% |
| 2030 | ~$1,193,916 | ~$1,074,775 | ~1.8024% | ~$19,371 | +78.9% |
In 2025, this property's market value of $667,351 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +28% 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 | $667,351 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $734,000 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $630,252 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $494,300 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $450,262 | $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.