1400 E 51 ST TX 78723
| Owner | THE COURT LLC |
|---|---|
| Parcel ID | 0220140208 |
| Short ID | 216541 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 13,949 SF |
| Land SF | 41,310 SF |
| Acres | 0.948 |
| Year Built | 1967 |
| Legal | W102.5FT OF LOT 10 RIDGETOP GARDENS |
| Neighborhood | 05NEM |
| Land | $3,304,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,304,800 |
| Improvement | $153,200 |
|---|---|
| Total Improvement | $153,200 |
| Market | $3,458,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,458,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,458,000 |
| Taxable Value | $3,458,000 |
|---|
| Total Due | $54,373.88 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +45.8% from $2,371,330 (2021) to $3,458,000 (2025), a CAGR of 9.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 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 $70,767. 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 96% of market value ($3,304,800 land vs $153,200 improvements), about $80/SF of land. With value concentrated in the land under a ~59-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 $3,458,000, 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 +9.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,541,358 by 2030, with an estimated annual tax burden around $104,385. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $54,373.88 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 8,000 SF | ✗ |
| 1ST | 1st Floor | 7,250 SF | ✓ |
| 2ND | 2nd Floor | 6,699 SF | ✓ |
| 611 | TERRACE | 1,113 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 910 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 460 SF | ✗ |
| 581C | STORAGE ATT COMM | 48 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +1,532 |
| Travis County | 0.3444% | 0.3758% | +1,036 |
| Austin ISD | 0.9505% | 0.9252% | -835 |
| Travis Central Health | 0.1080% | 0.1180% | +332 |
| Austin Community College | 0.1013% | 0.1034% | +69 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $30,531.60 | $9,155.95 | $21,375.65 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $17,292.56 | $5,185.77 | $12,106.79 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,402.89 | $3,719.43 | $8,683.46 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,894.76 | $1,167.97 | $2,726.79 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,412.20 | $1,023.26 | $2,388.94 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $67,534.01 | $20,252.38 | $47,281.63 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,626,740 | $3,458,000 | +4.9% |
| Assessed Value | $3,626,740 | $3,458,000 | +4.9% |
| Land Value | $3,304,800 | $3,304,800 | +0.0% |
| Improvement Value | $321,940 | $153,200 | +110.1% |
| Taxable Value | $3,626,740 | $3,458,000 | +4.9% |
| Total Tax 2026 = estimate |
~$74,221
Estimated
|
$67,534 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,626,740 | $3,626,740 | +0 (+0.0%) |
| Taxable Value | $3,626,740 | $3,626,740 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,626,740 | $3,304,800 | $321,940 | — | $3,626,740 | $3,626,740 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,458,000 | $3,304,800 | $153,200 | — | $3,458,000 | $3,458,000 | $67,534 | Verified |
| 2024 | $3,617,446 | — | — | −$312,646 | $3,304,800 | $— | $65,560 | Verified |
| 2023 | $2,732,575 | — | — | — | $3,304,800 ! | $— | $65,449 | Verified |
| 2022 | $2,650,310 | — | — | −$584,810 | $2,065,500 | $— | $53,966 | Verified |
| 2021 | $2,371,330 | — | — | −$512,380 | $1,858,950 | $— | $57,689 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.9% | +4.9% | ~100% | Not available | Partial |
| 2025 | -4.3% | -4.3% | ~100% | 1.9500% | Verified |
| 2024 | -0.2% | -0.2% | ~100% | 1.8200% | Verified |
| 2023 | +32.4% | +32.4% | ~100% | 1.8100% | Verified |
| 2022 | +3.1% | +3.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.9% | +9.6% | +8.9% | +32.4% | 2024 | -4.4% | 2025 |
| Assessment Ratio | 100.0% | 94.8% | — | 120.9% | 2023 | 77.9% | 2022 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
| Tax Amount | $67,534 | $62,040 | ~$89,943 | $67,534 | 2025 | $53,966 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,799,997 | ~$3,799,997 | ~2.0139% | ~$76,530 | +9.9% |
| 2027 | ~$4,175,817 | ~$4,175,817 | ~1.9814% | ~$82,739 | +20.8% |
| 2028 | ~$4,588,806 | ~$4,588,806 | ~1.9488% | ~$89,428 | +32.7% |
| 2029 | ~$5,042,640 | ~$5,042,640 | ~1.9163% | ~$96,632 | +45.8% |
| 2030 | ~$5,541,358 | ~$5,541,358 | ~1.8837% | ~$104,385 | +60.2% |
| 2026 | ~$3,730,837 | ~$3,730,837 | ~2.0465% | ~$76,351 | +7.9% |
| 2027 | ~$4,025,201 | ~$4,025,201 | ~2.0465% | ~$82,375 | +16.4% |
| 2028 | ~$4,342,790 | ~$4,342,790 | ~2.0465% | ~$88,875 | +25.6% |
| 2029 | ~$4,685,437 | ~$4,685,437 | ~2.0465% | ~$95,887 | +35.5% |
| 2030 | ~$5,055,118 | ~$5,055,118 | ~2.0465% | ~$103,452 | +46.2% |
| 2026 | ~$3,869,157 | ~$3,803,800 | ~1.9977% | ~$75,987 | +11.9% |
| 2027 | ~$4,329,200 | ~$4,184,180 | ~1.9488% | ~$81,543 | +25.2% |
| 2028 | ~$4,843,943 | ~$4,602,598 | ~1.9000% | ~$87,450 | +40.1% |
| 2029 | ~$5,419,889 | ~$5,062,858 | ~1.8512% | ~$93,723 | +56.7% |
| 2030 | ~$6,064,315 | ~$5,569,144 | ~1.8024% | ~$100,377 | +75.4% |
In 2025, this property's market value of $3,458,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 7× 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 | $3,458,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $3,617,446 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,732,575 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,650,310 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,371,330 | $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.