408 W 37 ST TX 78705
| Owner | HURST KENNETH WAYNE LIVING TRUST |
|---|---|
| Parcel ID | 0218040130 |
| Short ID | 212787 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 9,012 SF |
| Land SF | 11,600 SF |
| Acres | 0.266 |
| Year Built | 1971 |
| Legal | LOT 27-28 LESS S10FT BLK 2 OLT 77 DIV D LAKEVIEW ADDN |
| Neighborhood | 05WC2 |
| Land | $1,160,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,160,000 |
| Improvement | $1,881,509 |
|---|---|
| Total Improvement | $1,881,509 |
| Market | $3,041,509 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,041,509 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,041,509 |
| Taxable Value | $3,041,509 |
|---|
| Total Due | $39,479.39 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +35.0% from $2,253,000 (2021) to $3,041,509 (2025), a CAGR of 7.8% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $62,244. 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 38% of market value ($1,160,000 land vs $1,881,509 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~55 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,041,509, 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 +7.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,425,874 by 2030, with an estimated annual tax burden around $83,372. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $39,479.39 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,506 SF | ✓ |
| 2ND | 2nd Floor | 4,506 SF | ✓ |
| 551 | PAVED AREA | 3,609 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 616 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 616 SF | ✗ |
| 611 | TERRACE | 308 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 190 SF | ✗ |
| 581C | STORAGE ATT COMM | 190 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +1,412 |
| Travis County | 0.3444% | 0.3758% | +955 |
| Austin ISD | 0.9505% | 0.9252% | -770 |
| Travis Central Health | 0.1080% | 0.1180% | +306 |
| Austin Community College | 0.1013% | 0.1034% | +64 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $28,140.04 | $12,619.76 | $15,520.28 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,938.02 | $7,147.60 | $8,790.42 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,431.36 | $5,126.54 | $6,304.82 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,589.68 | $1,609.84 | $1,979.84 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,144.92 | $1,410.37 | $1,734.55 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $62,244.02 | $27,914.11 | $34,329.91 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,260,000 | $3,041,509 | -25.7% |
| Assessed Value | $2,260,000 | $3,041,509 | -25.7% |
| Land Value | $1,160,000 | $1,160,000 | +0.0% |
| Improvement Value | $1,100,000 | $1,881,509 | -41.5% |
| Taxable Value | $2,260,000 | $3,041,509 | -25.7% |
| Total Tax 2026 = estimate |
~$46,251
Estimated
|
$62,244 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,463,200 | $2,260,000 | -1,203,200 (-34.7%) |
| Taxable Value | $3,463,200 | $2,260,000 | -1,203,200 (-34.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,260,000 | $1,160,000 | $1,100,000 | — | $2,260,000 | $2,260,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,041,509 | $1,160,000 | $1,881,509 | — | $3,041,509 | $3,041,509 | $62,244 | Verified |
| 2024 | $2,592,000 | — | — | −$1,432,000 | $1,160,000 | $— | $55,360 | Verified |
| 2023 | $2,400,000 | — | — | −$1,240,000 | $1,160,000 | $— | $46,896 | Verified |
| 2022 | $2,343,120 | — | — | −$1,473,120 | $870,000 | $— | $47,398 | Verified |
| 2021 | $2,253,000 | — | — | −$1,383,000 | $870,000 | $— | $51,002 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.9% | +13.9% | ~100% | Not available | Partial |
| 2025 | -0.9% | -0.9% | ~100% | 2.0500% | Verified |
| 2024 | +18.4% | +18.4% | ~100% | 1.8000% | Verified |
| 2023 | +8.0% | +8.0% | ~100% | 1.8100% | Verified |
| 2022 | +2.4% | +2.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -25.7% | +1.2% | +15.2% | +17.3% | 2025 | -25.7% | 2026 |
| Assessment Ratio | 100.0% | 61.5% | — | 100.0% | 2025 | 37.1% | 2022 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $62,244 | $52,580 | ~$74,467 | $62,244 | 2025 | $46,896 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,278,469 | ~$3,278,469 | ~2.0139% | ~$66,026 | +7.8% |
| 2027 | ~$3,533,890 | ~$3,533,890 | ~1.9814% | ~$70,020 | +16.2% |
| 2028 | ~$3,809,211 | ~$3,809,211 | ~1.9488% | ~$74,235 | +25.2% |
| 2029 | ~$4,105,982 | ~$4,105,982 | ~1.9163% | ~$78,683 | +35.0% |
| 2030 | ~$4,425,874 | ~$4,425,874 | ~1.8837% | ~$83,372 | +45.5% |
| 2026 | ~$3,217,639 | ~$3,217,639 | ~2.0465% | ~$65,848 | +5.8% |
| 2027 | ~$3,403,968 | ~$3,403,968 | ~2.0465% | ~$69,662 | +11.9% |
| 2028 | ~$3,601,088 | ~$3,601,088 | ~2.0465% | ~$73,696 | +18.4% |
| 2029 | ~$3,809,622 | ~$3,809,622 | ~2.0465% | ~$77,963 | +25.3% |
| 2030 | ~$4,030,232 | ~$4,030,232 | ~2.0465% | ~$82,478 | +32.5% |
| 2026 | ~$3,339,299 | ~$3,339,299 | ~1.9977% | ~$66,708 | +9.8% |
| 2027 | ~$3,666,246 | ~$3,666,246 | ~1.9488% | ~$71,449 | +20.5% |
| 2028 | ~$4,025,203 | ~$4,025,203 | ~1.9000% | ~$76,480 | +32.3% |
| 2029 | ~$4,419,305 | ~$4,419,305 | ~1.8512% | ~$81,810 | +45.3% |
| 2030 | ~$4,851,994 | ~$4,851,994 | ~1.8024% | ~$87,451 | +59.5% |
In 2025, this property's market value of $3,041,509 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 6× 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 | $3,041,509 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,592,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,400,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,343,120 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,253,000 | $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.