301 W 38 ST TX 78705
| Owner | 38TH STREET FLATS LLC |
|---|---|
| Parcel ID | 0218040115 |
| Short ID | 212774 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 7,420 SF |
| Land SF | 11,193 SF |
| Acres | 0.257 |
| Year Built | 1973 |
| Legal | LOT 19 * LESS N5FT & LOT 20 * LESS E7.5FT OF BLK 2 OLT 77 DIV D LAKEVIEW ADDN |
| Neighborhood | 05WC2 |
| Land | $1,119,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,119,300 |
| Improvement | $2,293,900 |
|---|---|
| Total Improvement | $2,293,900 |
| Market | $3,413,200 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,413,200 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,413,200 |
| Taxable Value | $3,413,200 |
|---|
Appreciation: Market value has risen +37.3% from $2,485,700 (2021) to $3,413,200 (2025), a CAGR of 8.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $69,851. 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 33% of market value ($1,119,300 land vs $2,293,900 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,413,200, 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 +8.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,073,446 by 2030, with an estimated annual tax burden around $95,571. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 3,770 SF | ✓ |
| 2ND | 2nd Floor | 3,650 SF | ✓ |
| 551 | PAVED AREA | 2,400 SF | ✗ |
| SO | Sketch Only | 2,364 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,070 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,070 SF | ✗ |
| 591 | MASONRY TRIM SF | 200 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 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% | $31,578.93 | $31,578.93 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $17,885.75 | $17,885.75 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,828.34 | $12,828.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,028.36 | $4,028.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,529.25 | $3,529.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $69,850.63 | $69,850.63 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,413,200 | $3,413,200 | +0.0% |
| Assessed Value | $3,413,200 | $3,413,200 | +0.0% |
| Land Value | $1,119,300 | $1,119,300 | +0.0% |
| Improvement Value | $2,293,900 | $2,293,900 | +0.0% |
| Taxable Value | $3,413,200 | $3,413,200 | +0.0% |
| Total Tax 2026 = estimate |
~$69,851
Estimated
|
~$69,851
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,413,200 | $3,413,200 | +0 (+0.0%) |
| Taxable Value | $3,413,200 | $3,413,200 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,413,200 | $1,119,300 | $2,293,900 | — | $3,413,200 | $3,413,200 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,413,200 | $1,119,300 | $2,293,900 | — | $3,413,200 | $3,413,200 | ~$69,851 | Partial |
| 2024 | $2,745,400 | — | — | −$1,626,100 | $1,119,300 | $— | $63,232 | Verified |
| 2023 | $2,577,050 | — | — | −$1,457,750 | $1,119,300 | $— | $49,671 | Verified |
| 2022 | $2,493,673 | — | — | −$1,542,268 | $951,405 | $— | $50,895 | Verified |
| 2021 | $2,485,700 | — | — | −$1,534,295 | $951,405 | $— | $54,279 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +7.0% | +7.0% | ~100% | Not available | Partial |
| 2024 | +16.2% | +16.2% | ~100% | 1.9800% | Verified |
| 2023 | +6.5% | +6.5% | ~100% | 1.8100% | Verified |
| 2022 | +3.3% | +3.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +36.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +6.9% | +8.3% | +24.3% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 60.1% | — | 100.0% | 2025 | 38.2% | 2022 |
| 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 |
$69,851 | $57,585 | ~$84,684 | $69,851 | 2025 | $49,671 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,694,792 | ~$3,694,792 | ~2.0139% | ~$74,411 | +8.3% |
| 2027 | ~$3,999,616 | ~$3,999,616 | ~1.9814% | ~$79,248 | +17.2% |
| 2028 | ~$4,329,587 | ~$4,329,587 | ~1.9488% | ~$84,377 | +26.8% |
| 2029 | ~$4,686,782 | ~$4,686,782 | ~1.9163% | ~$89,812 | +37.3% |
| 2030 | ~$5,073,446 | ~$5,073,446 | ~1.8837% | ~$95,571 | +48.6% |
| 2026 | ~$3,626,528 | ~$3,626,528 | ~2.0465% | ~$74,216 | +6.3% |
| 2027 | ~$3,853,189 | ~$3,853,189 | ~2.0465% | ~$78,855 | +12.9% |
| 2028 | ~$4,094,017 | ~$4,094,017 | ~2.0465% | ~$83,783 | +19.9% |
| 2029 | ~$4,349,896 | ~$4,349,896 | ~2.0465% | ~$89,020 | +27.4% |
| 2030 | ~$4,621,769 | ~$4,621,769 | ~2.0465% | ~$94,584 | +35.4% |
| 2026 | ~$3,763,056 | ~$3,754,520 | ~1.9977% | ~$75,003 | +10.3% |
| 2027 | ~$4,148,773 | ~$4,129,972 | ~1.9488% | ~$80,487 | +21.6% |
| 2028 | ~$4,574,025 | ~$4,542,969 | ~1.9000% | ~$86,317 | +34.0% |
| 2029 | ~$5,042,867 | ~$4,997,266 | ~1.8512% | ~$92,509 | +47.7% |
| 2030 | ~$5,559,765 | ~$5,496,993 | ~1.8024% | ~$99,076 | +62.9% |
In 2025, this property's market value of $3,413,200 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 7× 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 | $3,413,200 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,745,400 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,577,050 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,493,673 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,485,700 | $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.