6409 SPRINGDALE RD TX 78723
| Owner | LIH WALNUT CREEK AUSTIN LP |
|---|---|
| Parcel ID | 0221250407 |
| Short ID | 219376 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 81,440 SF |
| Land SF | 331,143 SF |
| Acres | 7.602 |
| Year Built | 1972 |
| Legal | ACR 7.602 WALNUT CREEK APARTMENTS SUBD |
| Neighborhood | 08TC |
| Land | $9,934,290 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,934,290 |
| Improvement | $6,195,710 |
|---|---|
| Total Improvement | $6,195,710 |
| Market | $16,130,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $16,130,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $16,130,000 |
| Taxable Value | $16,130,000 |
|---|
Appreciation: Market value has risen +122.5% from $7,250,000 (2021) to $16,130,000 (2025), a CAGR of 22.1% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $330,098. 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 62% of market value ($9,934,290 land vs $6,195,710 improvements), about $30/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $16,130,000, 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 +22.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $43,828,319 by 2030, with an estimated annual tax burden around $489,350. 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.
15 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 69,079 SF | ✗ |
| 551 | PAVED AREA | 48,500 SF | ✗ |
| 1ST | 1st Floor | 42,963 SF | ✓ |
| 2ND | 2nd Floor | 38,477 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 4,128 SF | ✗ |
| 591 | MASONRY TRIM SF | 1,125 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 960 SF | ✗ |
| 611 | TERRACE | 220 SF | ✗ |
| 435 | FENCE IRON LF | 155 SF | ✗ |
| 327 | STORAGE COMM'L | 138 SF | ✓ |
| MISC | Miscellaneous | 5 SF | ✓ |
| 151 | COMMODE INF | 1 SF | ✓ |
| 161 | LAVATORY INF | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 131 | PLBG 5-FIXT INF | 1 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% | $149,234.76 | $149,234.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $84,523.94 | $84,523.94 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $60,623.80 | $60,623.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $19,037.11 | $19,037.11 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $16,678.42 | $16,678.42 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $330,098.03 | $330,098.03 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $20,540,000 | $16,130,000 | +27.3% |
| Assessed Value | $20,540,000 | $16,130,000 | +27.3% |
| Land Value | $9,934,290 | $9,934,290 | +0.0% |
| Improvement Value | $10,605,710 | $6,195,710 | +71.2% |
| Taxable Value | $20,540,000 | $16,130,000 | +27.3% |
| Total Tax 2026 = estimate |
~$420,348
Estimated
|
~$330,098
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $24,362,741 | $20,540,000 | -3,822,741 (-15.7%) |
| Taxable Value | $24,362,741 | $20,540,000 | -3,822,741 (-15.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $20,540,000 | $9,934,290 | $10,605,710 | — | $20,540,000 | $20,540,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $16,130,000 | $9,934,290 | $6,195,710 | — | $16,130,000 | $16,130,000 | ~$330,098 | Partial |
| 2024 | $10,375,000 | — | — | −$440,710 | $9,934,290 | $— | $226,363 | Verified |
| 2023 | $9,820,000 | — | — | — | $9,934,290 ! | $— | $189,045 | Verified |
| 2022 | $8,470,000 | — | — | −$6,151,999 | $2,318,001 | $— | $180,429 | Verified |
| 2021 | $7,250,000 | — | — | −$4,931,999 | $2,318,001 | $— | $184,365 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +51.0% | +51.0% | ~100% | Not available | Partial |
| 2025 | +15.3% | +15.3% | ~100% | Not available | Partial |
| 2024 | +19.3% | +19.3% | ~100% | 1.6200% | Verified |
| 2023 | +19.5% | +19.5% | ~100% | 1.6100% | Verified |
| 2022 | +10.6% | +10.6% | ~100% | 1.8400% | Verified |
| 2021 | base year | — | ~100% | 2.5400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +81.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +27.3% | +24.2% | +16.9% | +55.5% | 2025 | +5.7% | 2024 |
| Assessment Ratio | 100.0% | 76.1% | — | 101.2% | 2023 | 27.4% | 2022 |
| 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 |
$330,098 | $222,060 | ~$420,869 | $330,098 | 2025 | $180,429 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$19,699,648 | ~$17,743,000 | ~2.0139% | ~$357,333 | +22.1% |
| 2027 | ~$24,059,276 | ~$19,517,300 | ~1.9814% | ~$386,713 | +49.2% |
| 2028 | ~$29,383,711 | ~$21,469,030 | ~1.9488% | ~$418,397 | +82.2% |
| 2029 | ~$35,886,469 | ~$23,615,933 | ~1.9163% | ~$452,550 | +122.5% |
| 2030 | ~$43,828,319 | ~$25,977,526 | ~1.8837% | ~$489,350 | +171.7% |
| 2026 | ~$19,377,048 | ~$17,743,000 | ~2.0465% | ~$363,108 | +20.1% |
| 2027 | ~$23,277,742 | ~$19,517,300 | ~2.0465% | ~$399,419 | +44.3% |
| 2028 | ~$27,963,665 | ~$21,469,030 | ~2.0465% | ~$439,360 | +73.4% |
| 2029 | ~$33,592,887 | ~$23,615,933 | ~2.0465% | ~$483,297 | +108.3% |
| 2030 | ~$40,355,298 | ~$25,977,526 | ~2.0465% | ~$531,626 | +150.2% |
| 2026 | ~$20,022,248 | ~$17,743,000 | ~1.9977% | ~$354,445 | +24.1% |
| 2027 | ~$24,853,714 | ~$19,517,300 | ~1.9488% | ~$380,361 | +54.1% |
| 2028 | ~$30,851,036 | ~$21,469,030 | ~1.9000% | ~$407,915 | +91.3% |
| 2029 | ~$38,295,541 | ~$23,615,933 | ~1.8512% | ~$437,177 | +137.4% |
| 2030 | ~$47,536,442 | ~$25,977,526 | ~1.8024% | ~$468,211 | +194.7% |
In 2025, this property's market value of $16,130,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 31× 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 | $16,130,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $10,375,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $9,820,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $8,470,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $7,250,000 | $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.