302 W 38 ST TX 78705
| Owner | DETRICK-GOURLEY PARTNERSHIP |
|---|---|
| Parcel ID | 0219050617 |
| Short ID | 214669 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 23,560 SF |
| Land SF | 39,150 SF |
| Acres | 0.899 |
| Year Built | 1968 |
| Legal | 150X261 OF LOT 4 OLT 78 DIV D LEE SUBD |
| Neighborhood | 06WC2 |
| Land | $2,662,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,662,200 |
| Improvement | $3,037,800 |
|---|---|
| Total Improvement | $3,037,800 |
| Market | $5,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,700,000 |
| Taxable Value | $5,700,000 |
|---|
Appreciation: Market value has risen +16.3% from $4,900,000 (2021) to $5,700,000 (2025), a CAGR of 3.9% 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 $116,650. 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 47% of market value ($2,662,200 land vs $3,037,800 improvements), about $68/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $5,700,000, 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 +3.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,886,100 by 2030, with an estimated annual tax burden around $129,716. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 19,342 SF | ✗ |
| 1ST | 1st Floor | 11,920 SF | ✓ |
| 2ND | 2nd Floor | 11,640 SF | ✓ |
| SO | Sketch Only | 3,956 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 3,496 SF | ✗ |
| 061C | CARPORT ATT 1ST COMM | 992 SF | ✗ |
| 511 | DECK | 992 SF | ✗ |
| 581C | STORAGE ATT COMM | 788 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 328 SF | ✗ |
| 601 | POOL COMM'L | 260 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 1 SF | ✗ |
Market value changed by 78% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $48,774.94 | $48,774.94 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $27,625.27 | $27,625.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $19,813.90 | $19,813.90 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,221.97 | $6,221.97 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,451.07 | $5,451.07 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $107,887.15 | $107,887.15 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $10,130,800 | $5,700,000 | +77.7% |
| Assessed Value | $10,130,800 | $5,700,000 | +77.7% |
| Land Value | $2,662,200 | $2,662,200 | +0.0% |
| Improvement Value | $7,468,600 | $3,037,800 | +145.9% |
| Taxable Value | $10,130,800 | $5,700,000 | +77.7% |
| Total Tax 2026 = estimate |
~$207,325
Estimated
|
~$107,887
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $10,130,800 | $10,130,800 | +0 (+0.0%) |
| Taxable Value | $10,130,800 | $10,130,800 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $10,130,800 | $2,662,200 | $7,468,600 | — | $10,130,800 | $10,130,800 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,700,000 | $2,662,200 | $3,037,800 | — | $5,700,000 | $5,700,000 | ~$107,887 | Partial |
| 2024 | $5,463,918 | — | — | −$2,801,718 | $2,662,200 | $— | $108,285 | Verified |
| 2023 | $5,422,472 | — | — | −$2,760,272 | $2,662,200 | $— | $99,483 | Verified |
| 2022 | $4,825,000 | — | — | −$2,162,800 | $2,662,200 | $— | $107,413 | Verified |
| 2021 | $4,900,000 | — | — | −$2,237,800 | $2,662,200 | $— | $105,326 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +77.7% ! | +77.7% | ~100% | Not available | Partial |
| 2025 | +4.3% | +4.3% | ~100% | Not available | Partial |
| 2024 | -10.4% | -10.4% | ~100% | 1.9800% | Verified |
| 2023 | +6.1% | +6.1% | ~100% | 1.6300% | Verified |
| 2022 | +12.5% | +12.5% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +77.7% | +18.7% | -5.2% | +77.7% | 2026 | -1.5% | 2022 |
| Assessment Ratio | 100.0% | 67.9% | — | 100.0% | 2025 | 48.7% | 2024 |
| Effective Tax Rate (2025) | 1.8900% | 1.8900% | — | 1.8900% | 2025 | 1.8900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$107,887 | $105,679 | ~$124,446 | $108,285 | 2024 | $99,483 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,919,630 | ~$5,919,630 | ~2.0139% | ~$119,218 | +3.9% |
| 2027 | ~$6,147,722 | ~$6,147,722 | ~1.9814% | ~$121,810 | +7.9% |
| 2028 | ~$6,384,604 | ~$6,384,604 | ~1.9488% | ~$124,426 | +12.0% |
| 2029 | ~$6,630,612 | ~$6,630,612 | ~1.9163% | ~$127,062 | +16.3% |
| 2030 | ~$6,886,100 | ~$6,886,100 | ~1.8837% | ~$129,716 | +20.8% |
| 2026 | ~$5,805,630 | ~$5,805,630 | ~2.0465% | ~$118,811 | +1.9% |
| 2027 | ~$5,913,217 | ~$5,913,217 | ~2.0465% | ~$121,013 | +3.7% |
| 2028 | ~$6,022,798 | ~$6,022,798 | ~2.0465% | ~$123,256 | +5.7% |
| 2029 | ~$6,134,410 | ~$6,134,410 | ~2.0465% | ~$125,540 | +7.6% |
| 2030 | ~$6,248,090 | ~$6,248,090 | ~2.0465% | ~$127,866 | +9.6% |
| 2026 | ~$6,033,630 | ~$6,033,630 | ~1.9977% | ~$120,532 | +5.9% |
| 2027 | ~$6,386,788 | ~$6,386,788 | ~1.9488% | ~$124,468 | +12.0% |
| 2028 | ~$6,760,616 | ~$6,760,616 | ~1.9000% | ~$128,453 | +18.6% |
| 2029 | ~$7,156,325 | ~$7,156,325 | ~1.8512% | ~$132,477 | +25.5% |
| 2030 | ~$7,575,196 | ~$7,575,196 | ~1.8024% | ~$136,533 | +32.9% |
In 2025, this property's market value of $5,700,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 11× 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 | $5,700,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $5,463,918 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $5,422,472 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $4,825,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $4,900,000 | $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.