507 W NORTH LOOP BLVD A TX 78756
| Owner | AUSTIN NORTH LOOP LLC |
|---|---|
| Parcel ID | 0224070902 |
| Short ID | 223312 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 3,240 SF |
| Land SF | 8,172 SF |
| Acres | 0.188 |
| Year Built | 2012 |
| Legal | LOT 2 * & E10FT OF LOT 1 KOENIG PLACE |
| Neighborhood | Y1005 |
| Land | $443,440 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $443,440 |
| Improvement | $659,262 |
|---|---|
| Total Improvement | $659,262 |
| Market | $1,102,702 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,102,702 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,102,702 |
| Taxable Value | $1,102,702 |
|---|
Appreciation: Market value has risen +46.1% from $754,716 (2021) to $1,102,702 (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 $22,567. 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 40% of market value ($443,440 land vs $659,262 improvements), about $54/SF of land. Most value sits in the improvements, so building condition, age (~14 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,102,702, 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 $1,771,338 by 2030, with an estimated annual tax burden around $33,367. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,240 SF | ✗ |
| 1ST | 1st Floor | 1,710 SF | ✓ |
| 2ND | 2nd Floor | 1,531 SF | ✓ |
| 051 | CARPORT DET 1ST | 342 SF | ✗ |
| 581 | STORAGE ATT | 274 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 76 SF | ✗ |
| 612 | TERRACE UNCOVERD | 9 SF | ✗ |
| 252 | BEDROOMS | 6 SF | ✓ |
| 251 | BATHROOM | 5 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% | $10,202.20 | $10,202.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,778.35 | $5,778.35 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,144.45 | $4,144.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,301.44 | $1,301.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,140.19 | $1,140.19 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,566.63 | $22,566.63 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $958,632 | $1,102,702 | -13.1% |
| Assessed Value | $958,632 | $1,102,702 | -13.1% |
| Land Value | $388,010 | $443,440 | -12.5% |
| Improvement Value | $570,622 | $659,262 | -13.4% |
| Taxable Value | $958,632 | $1,102,702 | -13.1% |
| Total Tax 2026 = estimate |
~$19,618
Estimated
|
~$22,567
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,104,542 | $958,632 | -145,910 (-13.2%) |
| Taxable Value | $1,104,542 | $958,632 | -145,910 (-13.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $958,632 | $388,010 | $570,622 | — | $958,632 | $958,632 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,102,702 | $443,440 | $659,262 | — | $1,102,702 | $1,102,702 | ~$22,567 | Partial |
| 2024 | $1,527,938 | — | — | −$1,082,438 | $445,500 | $— | $25,085 | Verified |
| 2023 | $1,029,371 | — | — | −$583,871 | $445,500 | $— | $27,644 | Verified |
| 2022 | $888,800 | — | — | −$443,300 | $445,500 | $— | $20,329 | Verified |
| 2021 | $754,716 | — | — | −$482,466 | $272,250 | $— | $19,346 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | -12.9% | -12.9% | ~100% | Not available | Partial |
| 2024 | -19.1% | -19.1% | ~100% | 1.9800% | Verified |
| 2023 | +52.1% | +52.1% | ~100% | 1.7700% | Verified |
| 2022 | +15.8% | +15.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.1% | +8.2% | +13.2% | +48.4% | 2024 | -27.8% | 2025 |
| Assessment Ratio | 100.0% | 59.8% | — | 100.0% | 2025 | 29.2% | 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 |
$22,567 | $22,994 | ~$28,725 | $27,644 | 2023 | $19,346 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,212,347 | ~$1,212,347 | ~2.0139% | ~$24,416 | +9.9% |
| 2027 | ~$1,332,894 | ~$1,332,894 | ~1.9814% | ~$26,410 | +20.9% |
| 2028 | ~$1,465,427 | ~$1,465,427 | ~1.9488% | ~$28,559 | +32.9% |
| 2029 | ~$1,611,138 | ~$1,611,138 | ~1.9163% | ~$30,874 | +46.1% |
| 2030 | ~$1,771,338 | ~$1,771,338 | ~1.8837% | ~$33,367 | +60.6% |
| 2026 | ~$1,190,293 | ~$1,190,293 | ~2.0465% | ~$24,359 | +7.9% |
| 2027 | ~$1,284,841 | ~$1,284,841 | ~2.0465% | ~$26,294 | +16.5% |
| 2028 | ~$1,386,899 | ~$1,386,899 | ~2.0465% | ~$28,383 | +25.8% |
| 2029 | ~$1,497,064 | ~$1,497,064 | ~2.0465% | ~$30,637 | +35.8% |
| 2030 | ~$1,615,980 | ~$1,615,980 | ~2.0465% | ~$33,071 | +46.5% |
| 2026 | ~$1,234,401 | ~$1,212,972 | ~1.9977% | ~$24,231 | +11.9% |
| 2027 | ~$1,381,828 | ~$1,334,269 | ~1.9488% | ~$26,003 | +25.3% |
| 2028 | ~$1,546,864 | ~$1,467,696 | ~1.9000% | ~$27,886 | +40.3% |
| 2029 | ~$1,731,610 | ~$1,614,466 | ~1.8512% | ~$29,887 | +57.0% |
| 2030 | ~$1,938,421 | ~$1,775,913 | ~1.8024% | ~$32,009 | +75.8% |
In 2025, this property's market value of $1,102,702 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +112% 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 | $1,102,702 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,527,938 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,029,371 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $888,800 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $754,716 | $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.