407 W 38 ST TX 78705
| Owner | FENTON TEXAS LLC |
|---|---|
| Parcel ID | 0218042201 |
| Short ID | 545774 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 8,350 SF |
| Land SF | 12,600 SF |
| Acres | 0.289 |
| Year Built | 1966 |
| Legal | THIRTY EIGHTH STREET SQUARE CONDOMINIUMS COMMON AREA |
| Neighborhood | 05WC2 |
| Land | $1,260,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,260,000 |
| Improvement | $1,746,000 |
|---|---|
| Total Improvement | $1,746,000 |
| Market | $3,006,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,006,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,006,000 |
| Taxable Value | $3,006,000 |
|---|
Appreciation: Market value has risen +56.2% from $1,925,000 (2021) to $3,006,000 (2025), a CAGR of 11.8% 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 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 $61,517. 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 42% of market value ($1,260,000 land vs $1,746,000 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~60 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,006,000, 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 +11.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,247,311 by 2030, with an estimated annual tax burden around $91,196. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,175 SF | ✓ |
| 2ND | 2nd Floor | 4,175 SF | ✓ |
| 551 | PAVED AREA | 3,500 SF | ✗ |
| 591 | MASONRY TRIM SF | 2,950 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 882 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 740 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 314 SF | ✗ |
| 581C | STORAGE ATT COMM | 178 SF | ✓ |
| 091 | HVAC COMMRCL TON | 2 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 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% | $27,811.51 | $27,811.51 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,751.95 | $15,751.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,297.90 | $11,297.90 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,547.77 | $3,547.77 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,108.20 | $3,108.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $61,517.33 | $61,517.33 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,089,500 | $3,006,000 | +2.8% |
| Assessed Value | $3,089,500 | $3,006,000 | +2.8% |
| Land Value | $1,260,000 | $1,260,000 | +0.0% |
| Improvement Value | $1,829,500 | $1,746,000 | +4.8% |
| Taxable Value | $3,089,500 | $3,006,000 | +2.8% |
| Total Tax 2026 = estimate |
~$63,226
Estimated
|
~$61,517
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,089,500 | $3,089,500 | +0 (+0.0%) |
| Taxable Value | $3,089,500 | $3,089,500 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,089,500 | $1,260,000 | $1,829,500 | — | $3,089,500 | $3,089,500 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,006,000 | $1,260,000 | $1,746,000 | — | $3,006,000 | $3,006,000 | ~$61,517 | Partial |
| 2024 | $2,100,000 | — | — | −$840,000 | $1,260,000 | $— | $49,942 | Verified |
| 2023 | $2,087,500 | — | — | −$827,500 | $1,260,000 | $— | $38,188 | Verified |
| 2022 | $2,004,000 | — | — | −$933,000 | $1,071,000 | $— | $41,227 | Verified |
| 2021 | $1,925,000 | — | — | −$854,000 | $1,071,000 | $— | $43,621 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.8% | +2.8% | ~100% | Not available | Partial |
| 2025 | +5.9% | +19.3% | ~100% | Not available | Partial |
| 2024 | +23.6% | +9.7% | 88.8% | 1.7600% | Verified |
| 2023 | +10.0% | +10.0% | ~100% | 1.6600% | Verified |
| 2022 | +4.2% | +4.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +50.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.8% | +11.0% | +11.2% | +43.1% | 2025 | +0.6% | 2024 |
| Assessment Ratio | 100.0% | 71.6% | — | 100.0% | 2025 | 53.4% | 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 |
$61,517 | $46,899 | ~$78,434 | $61,517 | 2025 | $38,188 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,360,304 | ~$3,306,600 | ~2.0139% | ~$66,593 | +11.8% |
| 2027 | ~$3,756,368 | ~$3,637,260 | ~1.9814% | ~$72,068 | +25.0% |
| 2028 | ~$4,199,114 | ~$4,000,986 | ~1.9488% | ~$77,973 | +39.7% |
| 2029 | ~$4,694,045 | ~$4,401,085 | ~1.9163% | ~$84,338 | +56.2% |
| 2030 | ~$5,247,311 | ~$4,841,193 | ~1.8837% | ~$91,196 | +74.6% |
| 2026 | ~$3,300,184 | ~$3,300,184 | ~2.0465% | ~$67,538 | +9.8% |
| 2027 | ~$3,623,158 | ~$3,623,158 | ~2.0465% | ~$74,147 | +20.5% |
| 2028 | ~$3,977,740 | ~$3,977,740 | ~2.0465% | ~$81,404 | +32.3% |
| 2029 | ~$4,367,024 | ~$4,367,024 | ~2.0465% | ~$89,370 | +45.3% |
| 2030 | ~$4,794,405 | ~$4,794,405 | ~2.0465% | ~$98,117 | +59.5% |
| 2026 | ~$3,420,424 | ~$3,306,600 | ~1.9977% | ~$66,055 | +13.8% |
| 2027 | ~$3,891,982 | ~$3,637,260 | ~1.9488% | ~$70,884 | +29.5% |
| 2028 | ~$4,428,552 | ~$4,000,986 | ~1.9000% | ~$76,019 | +47.3% |
| 2029 | ~$5,039,097 | ~$4,401,085 | ~1.8512% | ~$81,473 | +67.6% |
| 2030 | ~$5,733,815 | ~$4,841,193 | ~1.8024% | ~$87,256 | +90.7% |
In 2025, this property's market value of $3,006,000 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 | $3,006,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,100,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,087,500 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,004,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,925,000 | $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.