512 E 38 1/2 ST TX
| Owner | HW REAL ESTATE LP |
|---|---|
| Parcel ID | 0218060812 |
| Short ID | 213212 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,457 SF |
| Land SF | 10,935 SF |
| Acres | 0.251 |
| Year Built | 1930 |
| Legal | LOT 11-13 BLK 4 OLT 11 DIV C OAKLAWN ADDN |
| Neighborhood | Z64005 |
| Land | $410,682 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $410,682 |
| Improvement | $67,134 |
|---|---|
| Total Improvement | $67,134 |
| Market | $477,816 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $477,816 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $477,816 |
| Taxable Value | $477,816 |
|---|
Appreciation: Market value has risen +6.1% from $450,200 (2021) to $477,816 (2025), a CAGR of 1.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $9,778. 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 86% of market value ($410,682 land vs $67,134 improvements), about $38/SF of land. With value concentrated in the land under a ~96-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $477,816, this parcel sits in the lower-middle (25th–50th 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 +1.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $514,730 by 2030, with an estimated annual tax burden around $9,696. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,457 SF | ✓ |
| 031 | GARAGE DET 1ST F | 360 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 48 SF | ✗ |
| 251 | BATHROOM | 2 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% | $4,420.75 | $4,420.75 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,503.84 | $2,503.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,795.85 | $1,795.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $563.93 | $563.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $494.06 | $494.06 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,778.43 | $9,778.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $680,000 | $477,816 | +42.3% |
| Assessed Value | $573,379 | $477,816 | +20.0% |
| Land Value | $563,523 | $410,682 | +37.2% |
| Improvement Value | $116,477 | $67,134 | +73.5% |
| Taxable Value | $573,379 | $477,816 | +20.0% |
| HS Cap Loss | -$106,621 | — | |
| Total Tax 2026 = estimate |
~$11,734
Estimated
|
~$9,778
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $680,000 | $680,000 | +0 (+0.0%) |
| Taxable Value | $573,379 | $573,379 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $680,000 | $563,523 | $116,477 | −$106,621 | $573,379 | $573,379 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $477,816 | $410,682 | $67,134 | — | $477,816 | $477,816 | ~$9,778 | Partial |
| 2024 | $592,200 | — | — | −$207,200 | $385,000 | $— | $8,063 | Verified |
| 2023 | $663,678 | — | — | −$278,678 | $385,000 | $— | $10,714 | Verified |
| 2022 | $508,600 | — | — | −$123,600 | $385,000 | $— | $13,107 | Verified |
| 2021 | $450,200 | — | — | −$92,700 | $357,500 | $— | $11,071 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +42.3% | +20.0% | 84.3% | Not available | Partial |
| 2025 | +17.4% | +17.4% | ~100% | Not available | Partial |
| 2024 | -31.3% | -31.3% | ~100% | 1.9800% | Verified |
| 2023 | -10.8% | -10.8% | ~100% | 1.8100% | Verified |
| 2022 | +30.5% | +30.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -6.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +42.3% | +11.1% | -4.5% | +42.3% | 2026 | -19.3% | 2025 |
| Assessment Ratio | 84.3% | 77.1% | — | 100.0% | 2025 | 58.0% | 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 |
$9,778 | $10,547 | ~$9,734 | $13,107 | 2022 | $8,063 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$484,981 | ~$484,981 | ~2.0139% | ~$9,767 | +1.5% |
| 2027 | ~$492,253 | ~$492,253 | ~1.9814% | ~$9,753 | +3.0% |
| 2028 | ~$499,634 | ~$499,634 | ~1.9488% | ~$9,737 | +4.6% |
| 2029 | ~$507,126 | ~$507,126 | ~1.9163% | ~$9,718 | +6.1% |
| 2030 | ~$514,730 | ~$514,730 | ~1.8837% | ~$9,696 | +7.7% |
| 2026 | ~$475,424 | ~$475,424 | ~2.0465% | ~$9,729 | -0.5% |
| 2027 | ~$473,045 | ~$473,045 | ~2.0465% | ~$9,681 | -1.0% |
| 2028 | ~$470,677 | ~$470,677 | ~2.0465% | ~$9,632 | -1.5% |
| 2029 | ~$468,321 | ~$468,321 | ~2.0465% | ~$9,584 | -2.0% |
| 2030 | ~$465,977 | ~$465,977 | ~2.0465% | ~$9,536 | -2.5% |
| 2026 | ~$494,537 | ~$494,537 | ~1.9977% | ~$9,879 | +3.5% |
| 2027 | ~$511,843 | ~$511,843 | ~1.9488% | ~$9,975 | +7.1% |
| 2028 | ~$529,755 | ~$529,755 | ~1.9000% | ~$10,065 | +10.9% |
| 2029 | ~$548,294 | ~$548,294 | ~1.8512% | ~$10,150 | +14.8% |
| 2030 | ~$567,481 | ~$567,481 | ~1.8024% | ~$10,228 | +18.8% |
In 2025, this property's market value of $477,816 places it in the 25th–50th percentile for Multi-Family properties in Travis County (12584 comparable) — -8% below 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 | $477,816 | $438,669 | $519,778 | $749,859 | ↓ Below median | -7.5% |
| 2024 | $592,200 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $663,678 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $508,600 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $450,200 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.