616 W 35 ST TX 78705
| Owner | SHARMA SANJEEV & |
|---|---|
| Parcel ID | 0218031002 |
| Short ID | 212597 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,232 SF |
| Land SF | 8,913 SF |
| Acres | 0.205 |
| Year Built | 2003 |
| Legal | LOT 3 & W23FT OF LOT 4 BLK 5 OLT 75-76 DIV D GYPSY GROVE |
| Neighborhood | Z40005 |
| Land | $625,429 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $625,429 |
| Improvement | $775,336 |
|---|---|
| Total Improvement | $775,336 |
| Market | $1,400,765 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,400,765 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,400,765 |
| Taxable Value | $1,400,765 |
|---|
Appreciation: Market value has risen +99.5% from $701,972 (2021) to $1,400,765 (2025), a CAGR of 18.9% 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 $28,666. 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 45% of market value ($625,429 land vs $775,336 improvements), about $70/SF of land. Most value sits in the improvements, so building condition, age (~23 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,400,765, 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 +18.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,322,172 by 2030, with an estimated annual tax burden around $42,496. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,232 SF | ✗ |
| 2ND | 2nd Floor | 2,650 SF | ✓ |
| 1ST | 1st Floor | 1,582 SF | ✓ |
| 061 | CARPORT ATT 1ST | 800 SF | ✗ |
| 512 | DECK UNCOVRED | 400 SF | ✗ |
| 581 | STORAGE ATT | 268 SF | ✓ |
| 251 | BATHROOM | 7 SF | ✓ |
Market value changed by 87% in 2022, 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $12,959.88 | $12,959.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,340.25 | $7,340.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,264.71 | $5,264.71 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,653.22 | $1,653.22 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,448.39 | $1,448.39 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,666.45 | $28,666.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,548,061 | $1,400,765 | +10.5% |
| Assessed Value | $1,548,061 | $1,400,765 | +10.5% |
| Land Value | $625,429 | $625,429 | +0.0% |
| Improvement Value | $922,632 | $775,336 | +19.0% |
| Taxable Value | $1,548,061 | $1,400,765 | +10.5% |
| Total Tax 2026 = estimate |
~$31,681
Estimated
|
~$28,666
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,548,061 | $1,548,061 | +0 (+0.0%) |
| Taxable Value | $1,548,061 | $1,548,061 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,548,061 | $625,429 | $922,632 | — | $1,548,061 | $1,548,061 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,400,765 | $625,429 | $775,336 | — | $1,400,765 | $1,400,765 | ~$28,666 | Partial |
| 2024 | $1,754,419 | — | — | −$1,094,419 | $660,000 | $— | $29,647 | Verified |
| 2023 | $1,961,973 | — | — | −$1,301,973 | $660,000 | $— | $31,742 | Verified |
| 2022 | $1,051,782 | — | — | −$391,782 | $660,000 | $— | $38,747 | Verified |
| 2021 | $701,972 | — | — | −$272,972 | $429,000 | $— | $22,894 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.5% | +10.5% | ~100% | Not available | Partial |
| 2025 | -6.4% | -6.4% | ~100% | Not available | Partial |
| 2024 | -14.7% | -14.7% | ~100% | 1.9800% | Verified |
| 2023 | -10.6% | -10.6% | ~100% | 1.8100% | Verified |
| 2022 | +86.5% ! | +86.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +33.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.5% | +23.2% | +16.6% | +86.5% | 2023 | -20.2% | 2025 |
| Assessment Ratio | 100.0% | 65.9% | — | 100.0% | 2025 | 33.6% | 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 |
$28,666 | $30,339 | ~$36,549 | $38,747 | 2022 | $22,894 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,664,856 | ~$1,540,842 | ~2.0139% | ~$31,032 | +18.9% |
| 2027 | ~$1,978,737 | ~$1,694,926 | ~1.9814% | ~$33,583 | +41.3% |
| 2028 | ~$2,351,795 | ~$1,864,418 | ~1.9488% | ~$36,335 | +67.9% |
| 2029 | ~$2,795,186 | ~$2,050,860 | ~1.9163% | ~$39,300 | +99.5% |
| 2030 | ~$3,322,172 | ~$2,255,946 | ~1.8837% | ~$42,496 | +137.2% |
| 2026 | ~$1,636,841 | ~$1,540,842 | ~2.0465% | ~$31,533 | +16.9% |
| 2027 | ~$1,912,703 | ~$1,694,926 | ~2.0465% | ~$34,686 | +36.5% |
| 2028 | ~$2,235,057 | ~$1,864,418 | ~2.0465% | ~$38,155 | +59.6% |
| 2029 | ~$2,611,739 | ~$2,050,860 | ~2.0465% | ~$41,971 | +86.5% |
| 2030 | ~$3,051,904 | ~$2,255,946 | ~2.0465% | ~$46,168 | +117.9% |
| 2026 | ~$1,692,871 | ~$1,540,842 | ~1.9977% | ~$30,781 | +20.9% |
| 2027 | ~$2,045,891 | ~$1,694,926 | ~1.9488% | ~$33,031 | +46.1% |
| 2028 | ~$2,472,528 | ~$1,864,418 | ~1.9000% | ~$35,424 | +76.5% |
| 2029 | ~$2,988,132 | ~$2,050,860 | ~1.8512% | ~$37,965 | +113.3% |
| 2030 | ~$3,611,258 | ~$2,255,946 | ~1.8024% | ~$40,661 | +157.8% |
In 2025, this property's market value of $1,400,765 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +169% 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 | $1,400,765 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,754,419 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,961,973 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,051,782 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $701,972 | $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.