602 W 51 ST TX 78751
| Owner | GDY MANAGEMENT TRUST & |
|---|---|
| Parcel ID | 0224070220 |
| Short ID | 223202 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,800 SF |
| Land SF | 8,013 SF |
| Acres | 0.184 |
| Year Built | 1965 |
| Legal | LOT 2 EDGEFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $440,260 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $440,260 |
| Improvement | $404,240 |
|---|---|
| Total Improvement | $404,240 |
| Market | $844,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $844,500 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $844,500 |
| Taxable Value | $844,500 |
|---|
Appreciation: Market value has risen +47.1% from $574,036 (2021) to $844,500 (2025), a CAGR of 10.1% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $17,283. 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 52% of market value ($440,260 land vs $404,240 improvements), about $55/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $844,500, 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 +10.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,368,281 by 2030, with an estimated annual tax burden around $25,620. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,800 SF | ✓ |
| 251 | BATHROOM | 4 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% | $7,813.31 | $7,813.31 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,425.32 | $4,425.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,174.01 | $3,174.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $996.70 | $996.70 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $873.21 | $873.21 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,282.55 | $17,282.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $801,438 | $844,500 | -5.1% |
| Assessed Value | $801,438 | $844,500 | -5.1% |
| Land Value | $385,228 | $440,260 | -12.5% |
| Improvement Value | $416,210 | $404,240 | +3.0% |
| Taxable Value | $801,438 | $844,500 | -5.1% |
| Total Tax 2026 = estimate |
~$16,401
Estimated
|
~$17,283
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $801,438 | $801,438 | +0 (+0.0%) |
| Taxable Value | $801,438 | $801,438 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $801,438 | $385,228 | $416,210 | — | $801,438 | $801,438 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $844,500 | $440,260 | $404,240 | — | $844,500 | $844,500 | ~$17,283 | Partial |
| 2024 | $1,100,479 | — | — | −$605,479 | $495,000 | $— | $19,792 | Verified |
| 2023 | $884,536 | — | — | −$389,536 | $495,000 | $— | $19,910 | Verified |
| 2022 | $674,703 | — | — | −$179,703 | $495,000 | $— | $17,469 | Verified |
| 2021 | $574,036 | — | — | −$271,536 | $302,500 | $— | $14,686 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.1% | -5.1% | ~100% | Not available | Partial |
| 2025 | -15.4% | -15.4% | ~100% | Not available | Partial |
| 2024 | -9.2% | -9.2% | ~100% | 1.9800% | Verified |
| 2023 | +24.4% | +24.4% | ~100% | 1.8100% | Verified |
| 2022 | +31.1% | +31.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.1% | +8.9% | +11.3% | +31.1% | 2023 | -23.3% | 2025 |
| Assessment Ratio | 100.0% | 71.2% | — | 100.0% | 2025 | 45.0% | 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 |
$17,283 | $17,828 | ~$22,035 | $19,910 | 2023 | $14,686 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$930,068 | ~$928,950 | ~2.0139% | ~$18,708 | +10.1% |
| 2027 | ~$1,024,306 | ~$1,021,845 | ~1.9814% | ~$20,247 | +21.3% |
| 2028 | ~$1,128,093 | ~$1,124,030 | ~1.9488% | ~$21,906 | +33.6% |
| 2029 | ~$1,242,396 | ~$1,236,432 | ~1.9163% | ~$23,694 | +47.1% |
| 2030 | ~$1,368,281 | ~$1,360,076 | ~1.8837% | ~$25,620 | +62.0% |
| 2026 | ~$913,178 | ~$913,178 | ~2.0465% | ~$18,688 | +8.1% |
| 2027 | ~$987,442 | ~$987,442 | ~2.0465% | ~$20,208 | +16.9% |
| 2028 | ~$1,067,744 | ~$1,067,744 | ~2.0465% | ~$21,851 | +26.4% |
| 2029 | ~$1,154,578 | ~$1,154,578 | ~2.0465% | ~$23,628 | +36.7% |
| 2030 | ~$1,248,473 | ~$1,248,473 | ~2.0465% | ~$25,550 | +47.8% |
| 2026 | ~$946,958 | ~$928,950 | ~1.9977% | ~$18,557 | +12.1% |
| 2027 | ~$1,061,847 | ~$1,021,845 | ~1.9488% | ~$19,914 | +25.7% |
| 2028 | ~$1,190,675 | ~$1,124,030 | ~1.9000% | ~$21,357 | +41.0% |
| 2029 | ~$1,335,132 | ~$1,236,432 | ~1.8512% | ~$22,889 | +58.1% |
| 2030 | ~$1,497,116 | ~$1,360,076 | ~1.8024% | ~$24,514 | +77.3% |
In 2025, this property's market value of $844,500 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +62% 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 | $844,500 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,100,479 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $884,536 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $674,703 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $574,036 | $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.