7213 CORSICA PL TX 78724
| Owner | FENWAY DEVELOPMENT INC |
|---|---|
| Parcel ID | 0217360636 |
| Short ID | 741211 |
| Type | Real |
| Use Code | O Other / Unclassified |
| Valuation | Unknown |
| Improvement SF | — |
| Land SF | 13,563 SF |
| Acres | 0.311 |
| Year Built | — |
| Legal | LOT 8 BLK AA SENDERO HILLS PHS 3 AMENDED PLAT OF |
| Neighborhood | C1510 |
| Land | $327,507 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $327,507 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $262,006 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $262,006 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $262,006 |
| Taxable Value | $262,006 |
|---|
Appreciation: Market value has risen +279.7% from $69,000 (2021) to $262,006 (2025), a CAGR of 39.6% 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 $5,771. 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 ($327,507 land vs $0 improvements), about $24/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 +39.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,388,797 by 2030, with an estimated annual tax burden around $26,003. 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% | $1,989.78 | $1,989.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $964.19 | $964.19 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $691.55 | $691.55 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $217.16 | $217.16 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $190.26 | $190.26 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $4,052.94 | $4,052.94 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $203,402 | $262,006 | -22.4% |
| Assessed Value | $203,402 | $262,006 | -22.4% |
| Land Value | $254,252 | $327,507 | -22.4% |
| Improvement Value | — | — | — |
| Taxable Value | $203,402 | $262,006 | -22.4% |
| Total Tax 2026 = estimate |
~$4,480
Estimated
|
~$4,053
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $203,402 | $203,402 | +0 (+0.0%) |
| Taxable Value | $203,402 | $203,402 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $203,402 | $254,252 | — | — | $203,402 | $203,402 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $262,006 | $327,507 | — | — | $262,006 | $262,006 | ~$4,053 | Partial |
| 2024 | $— | — | — | — | $184,000 | $— | $3,887 | Verified |
| 2023 | $— | — | — | — | $69,000 | $— | $1,405 | Verified |
| 2022 | $— | — | — | — | $69,000 | $— | $1,608 | Verified |
| 2021 | $69,000 | — | — | — | $69,000 | $— | $1,702 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -22.4% | -22.4% | ~100% | Not available | Partial |
| 2025 | +42.4% | +42.4% | ~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): +279.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -22.4% | +128.7% | +47.6% | +279.7% | 2025 | -22.4% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.5500% | 1.5500% | — | 1.5500% | 2025 | 1.5500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$4,053 | $2,878 | ~$15,592 | $4,053 | 2025 | $1,702 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$365,744 | ~$365,744 | ~2.1366% | ~$7,815 | +39.6% |
| 2027 | ~$510,555 | ~$510,555 | ~2.0705% | ~$10,571 | +94.9% |
| 2028 | ~$712,702 | ~$712,702 | ~2.0045% | ~$14,286 | +172.0% |
| 2029 | ~$994,886 | ~$994,886 | ~1.9384% | ~$19,285 | +279.7% |
| 2030 | ~$1,388,797 | ~$1,388,797 | ~1.8723% | ~$26,003 | +430.1% |
| 2026 | ~$360,504 | ~$360,504 | ~2.2027% | ~$7,941 | +37.6% |
| 2027 | ~$496,030 | ~$496,030 | ~2.2027% | ~$10,926 | +89.3% |
| 2028 | ~$682,505 | ~$682,505 | ~2.2027% | ~$15,033 | +160.5% |
| 2029 | ~$939,084 | ~$939,084 | ~2.2027% | ~$20,685 | +258.4% |
| 2030 | ~$1,292,119 | ~$1,292,119 | ~2.2027% | ~$28,461 | +393.2% |
| 2026 | ~$370,984 | ~$370,984 | ~2.1036% | ~$7,804 | +41.6% |
| 2027 | ~$525,289 | ~$525,289 | ~2.0045% | ~$10,529 | +100.5% |
| 2028 | ~$743,776 | ~$743,776 | ~1.9054% | ~$14,172 | +183.9% |
| 2029 | ~$1,053,139 | ~$1,053,139 | ~1.8062% | ~$19,022 | +302.0% |
| 2030 | ~$1,491,178 | ~$1,491,178 | ~1.7071% | ~$25,456 | +469.1% |
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.