7209 CORSICA PL TX 78724
| Owner | FENWAY DEVELOPMENT INC |
|---|---|
| Parcel ID | 0217360635 |
| Short ID | 741210 |
| Type | Real |
| Use Code | O Other / Unclassified |
| Valuation | Unknown |
| Improvement SF | — |
| Land SF | 8,098 SF |
| Acres | 0.186 |
| Year Built | — |
| Legal | LOT 9 BLK AA SENDERO HILLS PHS 3 AMENDED PLAT OF |
| Neighborhood | C1510 |
| Land | $241,960 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $241,960 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $193,568 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $193,568 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $193,568 |
| Taxable Value | $193,568 |
|---|
Appreciation: Market value has risen +193.3% from $66,000 (2021) to $193,568 (2025), a CAGR of 30.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend.
Tax Burden: The combined rate across 5 taxing entities is 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $4,264. Manor ISD is the largest single contributor, at 49.1% of the total 2025 levy.
Asset Class: O.
Value Composition: Land carries 125% of market value ($241,960 land vs $0 improvements), about $30/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.
Forward Outlook: Holding the +30.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $742,926 by 2030, with an estimated annual tax burden around $13,910. 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.
Market value changed by 167% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $2,093.24 | $2,093.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,014.33 | $1,014.33 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $727.52 | $727.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $228.45 | $228.45 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $200.15 | $200.15 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $4,263.69 | $4,263.69 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $176,784 | $193,568 | -8.7% |
| Assessed Value | $176,784 | $193,568 | -8.7% |
| Land Value | $220,980 | $241,960 | -8.7% |
| Improvement Value | — | — | — |
| Taxable Value | $176,784 | $193,568 | -8.7% |
| Total Tax 2026 = estimate |
~$3,894
Estimated
|
~$4,264
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $176,784 | $176,784 | +0 (+0.0%) |
| Taxable Value | $176,784 | $176,784 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $176,784 | $220,980 | — | — | $176,784 | $176,784 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $193,568 | $241,960 | — | — | $193,568 | $193,568 | ~$4,264 | Partial |
| 2024 | $— | — | — | — | $176,000 | $— | $3,718 | Verified |
| 2023 | $— | — | — | — | $66,000 | $— | $1,344 | Verified |
| 2022 | $— | — | — | — | $66,000 | $— | $1,538 | Verified |
| 2021 | $66,000 | — | — | — | $66,000 | $— | $1,628 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.7% | -8.7% | ~100% | Not available | Partial |
| 2025 | +10.0% | +10.0% | ~100% | Not available | Partial |
| 2024 | +166.7% ! | +166.7% | ~100% | 2.1100% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 2.0400% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.3300% | Verified |
| 2021 | base year | — | ~100% | 2.4700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +193.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.7% | +92.3% | +33.3% | +193.3% | 2025 | -8.7% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$4,264 | $2,946 | ~$9,177 | $4,264 | 2025 | $1,628 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$253,312 | ~$253,312 | ~2.1366% | ~$5,412 | +30.9% |
| 2027 | ~$331,496 | ~$331,496 | ~2.0705% | ~$6,864 | +71.3% |
| 2028 | ~$433,811 | ~$433,811 | ~2.0045% | ~$8,696 | +124.1% |
| 2029 | ~$567,706 | ~$567,706 | ~1.9384% | ~$11,004 | +193.3% |
| 2030 | ~$742,926 | ~$742,926 | ~1.8723% | ~$13,910 | +283.8% |
| 2026 | ~$249,441 | ~$249,441 | ~2.2027% | ~$5,494 | +28.9% |
| 2027 | ~$321,441 | ~$321,441 | ~2.2027% | ~$7,080 | +66.1% |
| 2028 | ~$414,224 | ~$414,224 | ~2.2027% | ~$9,124 | +114.0% |
| 2029 | ~$533,788 | ~$533,788 | ~2.2027% | ~$11,758 | +175.8% |
| 2030 | ~$687,864 | ~$687,864 | ~2.2027% | ~$15,151 | +255.4% |
| 2026 | ~$257,183 | ~$257,183 | ~2.1036% | ~$5,410 | +32.9% |
| 2027 | ~$341,706 | ~$341,706 | ~2.0045% | ~$6,849 | +76.5% |
| 2028 | ~$454,007 | ~$454,007 | ~1.9054% | ~$8,650 | +134.5% |
| 2029 | ~$603,214 | ~$603,214 | ~1.8062% | ~$10,896 | +211.6% |
| 2030 | ~$801,459 | ~$801,459 | ~1.7071% | ~$13,682 | +314.0% |
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.