924 E 51 ST TX 78751
| Owner | BENNETT PARTNERS LLC |
|---|---|
| Parcel ID | 0222120417 |
| Short ID | 220406 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 18,552 SF |
| Land SF | 27,025 SF |
| Acres | 0.620 |
| Year Built | 1973 |
| Legal | LOT A *RESUB OF LTS 19-24 BLK J RIDGETOP |
| Neighborhood | 06NC1 |
| Land | $675,625 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $675,625 |
| Improvement | $3,894,375 |
|---|---|
| Total Improvement | $3,894,375 |
| Market | $4,570,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,570,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,570,000 |
| Taxable Value | $4,570,000 |
|---|
Appreciation: Market value has risen +23.2% from $3,710,400 (2021) to $4,570,000 (2025), a CAGR of 5.3% over 4 years. This represents moderate, steady growth. 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 $93,524. 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 15% of market value ($675,625 land vs $3,894,375 improvements), about $25/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $4,570,000, 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 +5.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,929,738 by 2030, with an estimated annual tax burden around $111,701. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 15,350 SF | ✗ |
| 1ST | 1st Floor | 9,276 SF | ✓ |
| 2ND | 2nd Floor | 9,276 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 3,595 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 3,168 SF | ✗ |
| 611 | TERRACE | 1,892 SF | ✗ |
| 601 | POOL COMM'L | 448 SF | ✗ |
| 541 | FENCE COMM LF | 370 SF | ✗ |
| 581C | STORAGE ATT COMM | 72 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $42,281.64 | $42,281.64 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $23,947.58 | $23,947.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17,176.12 | $17,176.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,393.65 | $5,393.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,725.38 | $4,725.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $93,524.37 | $93,524.37 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,936,640 | $4,570,000 | +29.9% |
| Assessed Value | $5,484,000 | $4,570,000 | +20.0% |
| Land Value | $675,625 | $675,625 | +0.0% |
| Improvement Value | $5,261,015 | $3,894,375 | +35.1% |
| Taxable Value | $5,484,000 | $4,570,000 | +20.0% |
| HS Cap Loss | -$452,640 | — | |
| Total Tax 2026 = estimate |
~$112,229
Estimated
|
~$93,524
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,936,640 | $5,936,640 | +0 (+0.0%) |
| Taxable Value | $5,484,000 | $5,484,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,936,640 | $675,625 | $5,261,015 | −$452,640 | $5,484,000 | $5,484,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,570,000 | $675,625 | $3,894,375 | — | $4,570,000 | $4,570,000 | ~$93,524 | Partial |
| 2024 | $4,758,180 | — | — | −$4,082,555 | $675,625 | $— | $99,091 | Verified |
| 2023 | $4,452,480 | — | — | −$3,776,855 | $675,625 | $— | $86,087 | Verified |
| 2022 | $4,081,440 | — | — | −$3,405,815 | $675,625 | $— | $87,933 | Verified |
| 2021 | $3,710,400 | — | — | −$3,034,775 | $675,625 | $— | $88,840 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +29.9% | +20.0% | 92.4% | Not available | Partial |
| 2025 | -8.6% | -8.6% | ~100% | Not available | Partial |
| 2024 | +5.1% | +5.1% | ~100% | 1.9800% | Verified |
| 2023 | +6.9% | +6.9% | ~100% | 1.8100% | Verified |
| 2022 | +9.1% | +9.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +29.9% | +10.4% | +0.5% | +29.9% | 2026 | -4.0% | 2025 |
| Assessment Ratio | 92.4% | 42.8% | — | 100.0% | 2025 | 14.2% | 2024 |
| 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 |
$93,524 | $91,095 | ~$104,228 | $99,091 | 2024 | $86,087 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,814,377 | ~$4,814,377 | ~2.0139% | ~$96,958 | +5.3% |
| 2027 | ~$5,071,821 | ~$5,071,821 | ~1.9814% | ~$100,492 | +11.0% |
| 2028 | ~$5,343,032 | ~$5,343,032 | ~1.9488% | ~$104,127 | +16.9% |
| 2029 | ~$5,628,746 | ~$5,628,746 | ~1.9163% | ~$107,863 | +23.2% |
| 2030 | ~$5,929,738 | ~$5,929,738 | ~1.8837% | ~$111,701 | +29.8% |
| 2026 | ~$4,722,977 | ~$4,722,977 | ~2.0465% | ~$96,655 | +3.3% |
| 2027 | ~$4,881,074 | ~$4,881,074 | ~2.0465% | ~$99,890 | +6.8% |
| 2028 | ~$5,044,464 | ~$5,044,464 | ~2.0465% | ~$103,234 | +10.4% |
| 2029 | ~$5,213,323 | ~$5,213,323 | ~2.0465% | ~$106,690 | +14.1% |
| 2030 | ~$5,387,834 | ~$5,387,834 | ~2.0465% | ~$110,261 | +17.9% |
| 2026 | ~$4,905,777 | ~$4,905,777 | ~1.9977% | ~$98,001 | +7.3% |
| 2027 | ~$5,266,224 | ~$5,266,224 | ~1.9488% | ~$102,630 | +15.2% |
| 2028 | ~$5,653,155 | ~$5,653,155 | ~1.9000% | ~$107,411 | +23.7% |
| 2029 | ~$6,068,516 | ~$6,068,516 | ~1.8512% | ~$112,340 | +32.8% |
| 2030 | ~$6,514,395 | ~$6,514,395 | ~1.8024% | ~$117,414 | +42.5% |
In 2025, this property's market value of $4,570,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 9× 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 | $4,570,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $4,758,180 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $4,452,480 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $4,081,440 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,710,400 | $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.