2215 E 51 ST TX 78723
| Owner | SOUTHSHORE GROUP LLC |
|---|---|
| Parcel ID | 0218190502 |
| Short ID | 213610 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 29,052 SF |
| Land SF | 64,413 SF |
| Acres | 1.479 |
| Year Built | 1967 |
| Legal | LOT 8A *RESUB OF LOT 62 MANOR HILLS SEC 8 |
| Neighborhood | 06NEM |
| Land | $1,288,260 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,288,260 |
| Improvement | $5,581,740 |
|---|---|
| Total Improvement | $5,581,740 |
| Market | $6,870,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,870,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,870,000 |
| Taxable Value | $6,870,000 |
|---|
Appreciation: Market value has risen +28.4% from $5,350,000 (2021) to $6,870,000 (2025), a CAGR of 6.5% 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 $140,594. 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 19% of market value ($1,288,260 land vs $5,581,740 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~59 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,870,000, 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 +6.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,390,970 by 2030, with an estimated annual tax burden around $176,902. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 22,824 SF | ✗ |
| 1ST | 1st Floor | 15,652 SF | ✓ |
| 2ND | 2nd Floor | 13,400 SF | ✓ |
| 591 | MASONRY TRIM SF | 7,288 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 3,249 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 2,915 SF | ✗ |
| 581C | STORAGE ATT COMM | 662 SF | ✓ |
| 611 | TERRACE | 300 SF | ✗ |
| SO | Sketch Only | 282 SF | ✗ |
| 303 | STAIRWAYS FV | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 539 | FENCE 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% | $63,561.24 | $63,561.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $35,999.97 | $35,999.97 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $25,820.55 | $25,820.55 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,108.18 | $8,108.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,103.58 | $7,103.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $140,593.52 | $140,593.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,425,000 | $6,870,000 | +8.1% |
| Assessed Value | $7,425,000 | $6,870,000 | +8.1% |
| Land Value | $1,288,260 | $1,288,260 | +0.0% |
| Improvement Value | $6,136,740 | $5,581,740 | +9.9% |
| Taxable Value | $7,425,000 | $6,870,000 | +8.1% |
| Total Tax 2026 = estimate |
~$151,952
Estimated
|
~$140,594
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,425,000 | $7,425,000 | +0 (+0.0%) |
| Taxable Value | $7,425,000 | $7,425,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,425,000 | $1,288,260 | $6,136,740 | — | $7,425,000 | $7,425,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,870,000 | $1,288,260 | $5,581,740 | — | $6,870,000 | $6,870,000 | ~$140,594 | Partial |
| 2024 | $6,350,000 | — | — | −$5,061,740 | $1,288,260 | $— | $138,290 | Verified |
| 2023 | $6,206,700 | — | — | −$4,918,440 | $1,288,260 | $— | $114,887 | Verified |
| 2022 | $6,044,079 | — | — | −$4,755,819 | $1,288,260 | $— | $122,578 | Verified |
| 2021 | $5,350,000 | — | — | −$4,061,740 | $1,288,260 | $— | $131,560 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.1% | +8.1% | ~100% | Not available | Partial |
| 2025 | -3.6% | -3.6% | ~100% | Not available | Partial |
| 2024 | +6.7% | +6.7% | ~100% | 1.9400% | Verified |
| 2023 | +2.2% | +2.2% | ~100% | 1.7200% | Verified |
| 2022 | +2.3% | +2.3% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.4600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +7.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.1% | +6.9% | +4.9% | +13.0% | 2022 | +2.3% | 2024 |
| Assessment Ratio | 100.0% | 47.8% | — | 100.0% | 2025 | 20.3% | 2024 |
| 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 |
$140,594 | $129,582 | ~$161,799 | $140,594 | 2025 | $114,887 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,313,200 | ~$7,313,200 | ~2.0139% | ~$147,283 | +6.5% |
| 2027 | ~$7,784,993 | ~$7,784,993 | ~1.9814% | ~$154,251 | +13.3% |
| 2028 | ~$8,287,222 | ~$8,287,222 | ~1.9488% | ~$161,505 | +20.6% |
| 2029 | ~$8,821,850 | ~$8,821,850 | ~1.9163% | ~$169,052 | +28.4% |
| 2030 | ~$9,390,970 | ~$9,390,970 | ~1.8837% | ~$176,902 | +36.7% |
| 2026 | ~$7,175,800 | ~$7,175,800 | ~2.0465% | ~$146,852 | +4.5% |
| 2027 | ~$7,495,213 | ~$7,495,213 | ~2.0465% | ~$153,388 | +9.1% |
| 2028 | ~$7,828,843 | ~$7,828,843 | ~2.0465% | ~$160,216 | +14.0% |
| 2029 | ~$8,177,324 | ~$8,177,324 | ~2.0465% | ~$167,348 | +19.0% |
| 2030 | ~$8,541,316 | ~$8,541,316 | ~2.0465% | ~$174,797 | +24.3% |
| 2026 | ~$7,450,600 | ~$7,450,600 | ~1.9977% | ~$148,838 | +8.5% |
| 2027 | ~$8,080,269 | ~$8,080,269 | ~1.9488% | ~$157,471 | +17.6% |
| 2028 | ~$8,763,152 | ~$8,763,152 | ~1.9000% | ~$166,501 | +27.6% |
| 2029 | ~$9,503,747 | ~$9,503,747 | ~1.8512% | ~$175,933 | +38.3% |
| 2030 | ~$10,306,932 | ~$10,306,932 | ~1.8024% | ~$185,769 | +50.0% |
In 2025, this property's market value of $6,870,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 13× 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 | $6,870,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $6,350,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $6,206,700 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $6,044,079 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $5,350,000 | $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.