703 E 45 ST TX 78751
| Owner | SENSHU REAL ESETATE CO LTD |
|---|---|
| Parcel ID | 0219080615 |
| Short ID | 214962 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,152 SF |
| Land SF | 7,874 SF |
| Acres | 0.181 |
| Year Built | 1964 |
| Legal | LOT 2A RESUB LOT 1-4 BLK 4 OLT 15 DIV C RIDGETOP ANNEX |
| Neighborhood | Z64005 |
| Land | $382,804 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $382,804 |
| Improvement | $145,501 |
|---|---|
| Total Improvement | $145,501 |
| Market | $528,305 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $528,305 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $528,305 |
| Taxable Value | $528,305 |
|---|
Appreciation: Market value has fallen -7.7% from $572,135 (2021) to $528,305 (2025), a CAGR of -2.0% 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 $10,812. 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 72% of market value ($382,804 land vs $145,501 improvements), about $49/SF of land. With value concentrated in the land under a ~62-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 $528,305, this parcel sits in the upper-middle (50th–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 -2.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $478,209 by 2030, with an estimated annual tax burden around $9,008. 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 | 2,152 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,152 SF | ✗ |
| 061 | CARPORT ATT 1ST | 830 SF | ✗ |
| 612 | TERRACE UNCOVERD | 208 SF | ✗ |
| 581 | STORAGE ATT | 170 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 24 SF | ✗ |
| 251 | BATHROOM | 3 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% | $4,887.88 | $4,887.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,768.41 | $2,768.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,985.61 | $1,985.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $623.52 | $623.52 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $546.27 | $546.27 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,811.69 | $10,811.69 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $611,674 | $528,305 | +15.8% |
| Assessed Value | $611,674 | $528,305 | +15.8% |
| Land Value | $296,324 | $382,804 | -22.6% |
| Improvement Value | $315,350 | $145,501 | +116.7% |
| Taxable Value | $611,674 | $528,305 | +15.8% |
| Total Tax 2026 = estimate |
~$12,518
Estimated
|
~$10,812
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $717,086 | $611,674 | -105,412 (-14.7%) |
| Taxable Value | $633,966 | $611,674 | -22,292 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $611,674 | $296,324 | $315,350 | — | $611,674 | $611,674 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $528,305 | $382,804 | $145,501 | — | $528,305 | $528,305 | ~$10,812 | Partial |
| 2024 | $828,745 | — | — | −$478,745 | $350,000 | $— | $9,095 | Verified |
| 2023 | $881,644 | — | — | −$531,644 | $350,000 | $— | $14,994 | Verified |
| 2022 | $648,293 | — | — | −$298,293 | $350,000 | $— | $17,412 | Verified |
| 2021 | $572,135 | — | — | −$247,135 | $325,000 | $— | $14,111 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +35.7% | +20.0% | 88.4% | Not available | Partial |
| 2025 | +6.5% | +6.5% | ~100% | Not available | Partial |
| 2024 | -40.1% | -40.1% | ~100% | 1.8300% | Verified |
| 2023 | -6.0% | -6.0% | ~100% | 1.8100% | Verified |
| 2022 | +36.0% | +36.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -18.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.8% | +4.6% | -4.6% | +36.0% | 2023 | -36.3% | 2025 |
| Assessment Ratio | 100.0% | 65.5% | — | 100.0% | 2025 | 39.7% | 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 |
$10,812 | $13,285 | ~$9,709 | $17,412 | 2022 | $9,095 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$517,883 | ~$517,883 | ~2.0139% | ~$10,430 | -2.0% |
| 2027 | ~$507,666 | ~$507,666 | ~1.9814% | ~$10,059 | -3.9% |
| 2028 | ~$497,650 | ~$497,650 | ~1.9488% | ~$9,698 | -5.8% |
| 2029 | ~$487,833 | ~$487,833 | ~1.9163% | ~$9,348 | -7.7% |
| 2030 | ~$478,209 | ~$478,209 | ~1.8837% | ~$9,008 | -9.5% |
| 2026 | ~$507,316 | ~$507,316 | ~2.0465% | ~$10,382 | -4.0% |
| 2027 | ~$487,162 | ~$487,162 | ~2.0465% | ~$9,970 | -7.8% |
| 2028 | ~$467,808 | ~$467,808 | ~2.0465% | ~$9,574 | -11.5% |
| 2029 | ~$449,223 | ~$449,223 | ~2.0465% | ~$9,193 | -15.0% |
| 2030 | ~$431,376 | ~$431,376 | ~2.0465% | ~$8,828 | -18.3% |
| 2026 | ~$528,449 | ~$528,449 | ~1.9977% | ~$10,557 | +0.0% |
| 2027 | ~$528,592 | ~$528,592 | ~1.9488% | ~$10,301 | +0.1% |
| 2028 | ~$528,736 | ~$528,736 | ~1.9000% | ~$10,046 | +0.1% |
| 2029 | ~$528,880 | ~$528,880 | ~1.8512% | ~$9,791 | +0.1% |
| 2030 | ~$529,024 | ~$529,024 | ~1.8024% | ~$9,535 | +0.1% |
In 2025, this property's market value of $528,305 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +2% above 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 | $528,305 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $828,745 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $881,644 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $648,293 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $572,135 | $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.