206 W 38 ST TX 78705
| Owner | WATERLOO MFH GROUP LLC |
|---|---|
| Parcel ID | 0219050615 |
| Short ID | 214667 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 36,740 SF |
| Land SF | 48,352 SF |
| Acres | 1.110 |
| Year Built | 1963 |
| Legal | 1.1095 AC OF OLT 78 DIV D LEE SUBD |
| Neighborhood | 06WC2 |
| Land | $3,868,128 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,868,128 |
| Improvement | $8,641,872 |
|---|---|
| Total Improvement | $8,641,872 |
| Market | $12,510,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,510,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,510,000 |
| Taxable Value | $12,510,000 |
|---|
Appreciation: Market value has risen +54.8% from $8,082,800 (2021) to $12,510,000 (2025), a CAGR of 11.5% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $256,015. 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 31% of market value ($3,868,128 land vs $8,641,872 improvements), about $80/SF of land. Most value sits in the improvements, so building condition, age (~63 yrs), and rent roll drive the underwriting.
Submarket Position: At $12,510,000, 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 +11.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $21,596,166 by 2030, with an estimated annual tax burden around $379,527. 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 | 30,430 SF | ✗ |
| 1ST | 1st Floor | 19,747 SF | ✓ |
| 2ND | 2nd Floor | 16,993 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 2,218 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,986 SF | ✗ |
| 601 | POOL COMM'L | 730 SF | ✗ |
| 611 | TERRACE | 686 SF | ✗ |
| 581C | STORAGE ATT COMM | 75 SF | ✓ |
| 541 | FENCE COMM LF | 68 SF | ✗ |
| 413 | STAIRWAY EXT | 2 SF | ✓ |
| 531 | OBS FENCE | 2 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 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% | $115,742.52 | $115,742.52 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $65,554.53 | $65,554.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $47,018.21 | $47,018.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $14,764.68 | $14,764.68 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $12,935.34 | $12,935.34 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $256,015.28 | $256,015.28 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $12,180,000 | $12,510,000 | -2.6% |
| Assessed Value | $12,180,000 | $12,510,000 | -2.6% |
| Land Value | $3,868,128 | $3,868,128 | +0.0% |
| Improvement Value | $8,311,872 | $8,641,872 | -3.8% |
| Taxable Value | $12,180,000 | $12,510,000 | -2.6% |
| Total Tax 2026 = estimate |
~$249,262
Estimated
|
~$256,015
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $14,528,000 | $12,180,000 | -2,348,000 (-16.2%) |
| Taxable Value | $14,528,000 | $12,180,000 | -2,348,000 (-16.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $12,180,000 | $3,868,128 | $8,311,872 | — | $12,180,000 | $12,180,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $12,510,000 | $3,868,128 | $8,641,872 | — | $12,510,000 | $12,510,000 | ~$256,015 | Partial |
| 2024 | $10,000,000 | — | — | −$6,131,872 | $3,868,128 | $— | $234,255 | Verified |
| 2023 | $10,000,000 | — | — | −$6,131,872 | $3,868,128 | $— | $180,925 | Verified |
| 2022 | $8,082,800 | — | — | −$4,214,672 | $3,868,128 | $— | $197,492 | Verified |
| 2021 | $8,082,800 | — | — | −$4,216,400 | $3,866,400 | $— | $175,937 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.1% | +16.1% | ~100% | Not available | Partial |
| 2025 | -4.7% | -4.7% | ~100% | Not available | Partial |
| 2024 | +31.2% | +31.2% | ~100% | 1.7900% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +23.7% | +23.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +54.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.6% | +9.2% | +12.1% | +25.1% | 2025 | -2.6% | 2026 |
| Assessment Ratio | 100.0% | 62.2% | — | 100.0% | 2025 | 38.7% | 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 |
$256,015 | $208,925 | ~$326,415 | $256,015 | 2025 | $175,937 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$13,953,436 | ~$13,761,000 | ~2.0139% | ~$277,138 | +11.5% |
| 2027 | ~$15,563,420 | ~$15,137,100 | ~1.9814% | ~$299,925 | +24.4% |
| 2028 | ~$17,359,168 | ~$16,650,810 | ~1.9488% | ~$324,498 | +38.8% |
| 2029 | ~$19,362,115 | ~$18,315,891 | ~1.9163% | ~$350,986 | +54.8% |
| 2030 | ~$21,596,166 | ~$20,147,480 | ~1.8837% | ~$379,527 | +72.6% |
| 2026 | ~$13,703,236 | ~$13,703,236 | ~2.0465% | ~$280,435 | +9.5% |
| 2027 | ~$15,010,287 | ~$15,010,287 | ~2.0465% | ~$307,183 | +20.0% |
| 2028 | ~$16,442,007 | ~$16,442,007 | ~2.0465% | ~$336,483 | +31.4% |
| 2029 | ~$18,010,289 | ~$18,010,289 | ~2.0465% | ~$368,578 | +44.0% |
| 2030 | ~$19,728,157 | ~$19,728,157 | ~2.0465% | ~$403,734 | +57.7% |
| 2026 | ~$14,203,636 | ~$13,761,000 | ~1.9977% | ~$274,898 | +13.5% |
| 2027 | ~$16,126,562 | ~$15,137,100 | ~1.9488% | ~$294,998 | +28.9% |
| 2028 | ~$18,309,818 | ~$16,650,810 | ~1.9000% | ~$316,368 | +46.4% |
| 2029 | ~$20,788,649 | ~$18,315,891 | ~1.8512% | ~$339,063 | +66.2% |
| 2030 | ~$23,603,070 | ~$20,147,480 | ~1.8024% | ~$363,132 | +88.7% |
In 2025, this property's market value of $12,510,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 24× 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 | $12,510,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $10,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $10,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $8,082,800 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $8,082,800 | $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.