607 PARK BLVD TX 78751
| Owner | DEINERT ERIKA I |
|---|---|
| Parcel ID | 0219080203 |
| Short ID | 214859 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,966 SF |
| Land SF | 7,009 SF |
| Acres | 0.161 |
| Year Built | 1935 |
| Legal | LOT 4 BLK 4 OLT 14 DIV C IDEAL PLACE & ADJ 10FT ALLEY |
| Neighborhood | Z64005 |
| Land | $367,664 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $367,664 |
| Improvement | $94,112 |
|---|---|
| Total Improvement | $94,112 |
| Market | $461,776 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $461,776 |
| Value Limitation Adjustment (−) (homestead cap) | −$22,483 |
| Net Appraised (assessed) | $439,293 |
| Exemptions (−) (HS) | −$71,228 |
|---|---|
| Taxable Value | $368,065 |
Appreciation: Market value has fallen -2.1% from $471,887 (2021) to $461,776 (2025), a CAGR of -0.5% over 4 years. Growth has been relatively flat for this asset class. 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 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 $7,532. Austin ISD is the largest single contributor, at 39.8% of the total 2025 levy.
Assessment Gap: Assessed value ($439,293) is $22,483 below market value, suggesting potential for an upward assessment in future years.
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 80% of market value ($367,664 land vs $94,112 improvements), about $52/SF of land. With value concentrated in the land under a ~91-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 $461,776, 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 -0.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $449,441 by 2030, with an estimated annual tax burden around $8,466. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,001 SF | ✓ |
| 2ND | 2nd Floor | 965 SF | ✓ |
| 031 | GARAGE DET 1ST F | 360 SF | ✓ |
| SO | Sketch Only | 84 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 72 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
Market value changed by 83% 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% | $2,769.06 | $2,769.06 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,928.72 | $1,928.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,383.35 | $1,383.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $449.06 | $449.06 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $434.40 | $434.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,964.59 | $6,964.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $671,825 | $461,776 | +45.5% |
| Assessed Value | $491,537 | $439,293 | +11.9% |
| Land Value | $525,082 | $367,664 | +42.8% |
| Improvement Value | $146,743 | $94,112 | +55.9% |
| Taxable Value | $413,186 | $368,065 | +12.3% |
| Exemptions | HS | HS | |
| HS Cap Loss | -$180,288 | — | |
| Total Tax 2026 = estimate |
~$8,456
Estimated
|
~$6,965
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $842,994 | $671,825 | -171,169 (-20.3%) |
| Taxable Value | $413,186 | $413,186 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $671,825 | $525,082 | $146,743 | −$180,288 | $491,537 | $413,186 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $461,776 | $367,664 | $94,112 | −$22,483 | $439,293 | $368,065 | ~$6,965 | Partial |
| 2024 | $681,640 | — | — | −$331,640 | $350,000 | $— | $6,232 | Verified |
| 2023 | $729,027 | — | — | −$379,027 | $350,000 | $— | $10,667 | Verified |
| 2022 | $570,345 | — | — | −$220,345 | $350,000 | $— | $11,951 | Verified |
| 2021 | $471,887 | — | — | −$146,887 | $325,000 | $— | $11,036 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +82.6% ! | +11.9% | 58.3% | Not available | Partial |
| 2025 | +17.5% | +11.8% | 95.1% | Not available | Partial |
| 2024 | -42.3% | -42.3% | ~100% | 1.5900% | Verified |
| 2023 | -6.5% | +2.7% | ~100% | 1.5600% | Verified |
| 2022 | +27.8% | +19.5% | 91.1% | 1.6400% | Verified |
| 2021 | base year | — | 97.4% | 2.3400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -19.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +45.5% | +11.1% | -6.8% | +45.5% | 2026 | -32.3% | 2025 |
| Assessment Ratio | 73.2% | 66.3% | — | 95.1% | 2025 | 48.0% | 2023 |
| Effective Tax Rate (2025) | 1.5100% | 1.5100% | — | 1.5100% | 2025 | 1.5100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$6,965 | $9,370 | ~$8,856 | $11,951 | 2022 | $6,232 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$459,282 | ~$459,282 | ~2.0139% | ~$9,250 | -0.5% |
| 2027 | ~$456,802 | ~$456,802 | ~1.9814% | ~$9,051 | -1.1% |
| 2028 | ~$454,335 | ~$454,335 | ~1.9488% | ~$8,854 | -1.6% |
| 2029 | ~$451,882 | ~$451,882 | ~1.9163% | ~$8,659 | -2.1% |
| 2030 | ~$449,441 | ~$449,441 | ~1.8837% | ~$8,466 | -2.7% |
| 2026 | ~$450,047 | ~$450,047 | ~2.0465% | ~$9,210 | -2.5% |
| 2027 | ~$438,615 | ~$438,615 | ~2.0465% | ~$8,976 | -5.0% |
| 2028 | ~$427,475 | ~$427,475 | ~2.0465% | ~$8,748 | -7.4% |
| 2029 | ~$416,617 | ~$416,617 | ~2.0465% | ~$8,526 | -9.8% |
| 2030 | ~$406,034 | ~$406,034 | ~2.0465% | ~$8,309 | -12.1% |
| 2026 | ~$468,518 | ~$468,518 | ~1.9977% | ~$9,359 | +1.5% |
| 2027 | ~$475,358 | ~$475,358 | ~1.9488% | ~$9,264 | +2.9% |
| 2028 | ~$482,298 | ~$482,298 | ~1.9000% | ~$9,164 | +4.4% |
| 2029 | ~$489,340 | ~$489,340 | ~1.8512% | ~$9,059 | +6.0% |
| 2030 | ~$496,484 | ~$496,484 | ~1.8024% | ~$8,948 | +7.5% |
In 2025, this property's market value of $461,776 places it in the 25th–50th percentile for Multi-Family properties in Travis County (12584 comparable) — -11% 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 | $461,776 | $438,669 | $519,778 | $749,859 | ↓ Below median | -7.5% |
| 2024 | $681,640 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $729,027 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $570,345 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $471,887 | $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.