1415 W 51 ST 1 TX 78756
| Owner | HAYES LINDSEY PARTNERSHIP LLC |
|---|---|
| Parcel ID | 0226041402 |
| Short ID | 796334 |
| Type | Real |
| Use Code | 23 Small Office Condo |
| Valuation | Income |
| Improvement SF | 884 SF |
| Land SF | 2,657 SF |
| Acres | 0.061 |
| Year Built | 2011 |
| Legal | UNT 1 1415 WEST 51ST STREET CONDOMINIUMS PLUS 35.74 % INT IN COM AREA |
| Neighborhood | 23NC01 |
| Land | $106,278 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $106,278 |
| Improvement | $266,222 |
|---|---|
| Total Improvement | $266,222 |
| Market | $372,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $372,500 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $372,500 |
| Taxable Value | $372,500 |
|---|
Appreciation: Market value has risen +41.6% from $263,030 (2021) to $372,500 (2025), a CAGR of 9.1% 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 Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial 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 $7,623. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 29% of market value ($106,278 land vs $266,222 improvements), about $40/SF of land. Most value sits in the improvements, so building condition, age (~15 yrs), and rent roll drive the underwriting.
Submarket Position: At $372,500, this parcel sits in the bottom quartile (<25th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial 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 +9.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $575,476 by 2030, with an estimated annual tax burden around $10,840. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 884 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% | $3,446.37 | $3,446.37 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,951.96 | $1,951.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,400.02 | $1,400.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $439.64 | $439.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $385.17 | $385.17 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $7,623.16 | $7,623.16 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $429,237 | $372,500 | +15.2% |
| Assessed Value | $429,237 | $372,500 | +15.2% |
| Land Value | $106,278 | $106,278 | +0.0% |
| Improvement Value | $322,959 | $266,222 | +21.3% |
| Taxable Value | $429,237 | $372,500 | +15.2% |
| Total Tax 2026 = estimate |
~$8,784
Estimated
|
~$7,623
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $504,985 | $429,237 | -75,748 (-15.0%) |
| Taxable Value | $447,000 | $429,237 | -17,763 (-4.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $429,237 | $106,278 | $322,959 | — | $429,237 | $429,237 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $372,500 | $106,278 | $266,222 | — | $372,500 | $372,500 | ~$7,623 | Partial |
| 2024 | $378,100 | — | — | −$271,822 | $106,278 | $— | $8,418 | Verified |
| 2023 | $302,300 | — | — | −$196,022 | $106,278 | $— | $6,841 | Verified |
| 2022 | $263,500 | — | — | −$157,222 | $106,278 | $— | $5,970 | Verified |
| 2021 | $263,030 | — | — | −$156,752 | $106,278 | $— | $5,736 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +35.6% | +20.0% | 88.5% | Not available | Partial |
| 2025 | -12.3% | -12.3% | ~100% | Not available | Partial |
| 2024 | +3.3% | +3.3% | ~100% | 1.9800% | Verified |
| 2023 | +36.0% | +36.0% | ~100% | 1.6600% | Verified |
| 2022 | +14.7% | +14.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +41.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.2% | +10.7% | +6.2% | +25.1% | 2024 | -1.5% | 2025 |
| Assessment Ratio | 100.0% | 57.3% | — | 100.0% | 2025 | 28.1% | 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 |
$7,623 | $6,917 | ~$9,468 | $8,418 | 2024 | $5,736 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$406,356 | ~$406,356 | ~2.0139% | ~$8,184 | +9.1% |
| 2027 | ~$443,289 | ~$443,289 | ~1.9814% | ~$8,783 | +19.0% |
| 2028 | ~$483,579 | ~$483,579 | ~1.9488% | ~$9,424 | +29.8% |
| 2029 | ~$527,530 | ~$527,530 | ~1.9163% | ~$10,109 | +41.6% |
| 2030 | ~$575,476 | ~$575,476 | ~1.8837% | ~$10,840 | +54.5% |
| 2026 | ~$398,906 | ~$398,906 | ~2.0465% | ~$8,164 | +7.1% |
| 2027 | ~$427,184 | ~$427,184 | ~2.0465% | ~$8,742 | +14.7% |
| 2028 | ~$457,466 | ~$457,466 | ~2.0465% | ~$9,362 | +22.8% |
| 2029 | ~$489,895 | ~$489,895 | ~2.0465% | ~$10,026 | +31.5% |
| 2030 | ~$524,623 | ~$524,623 | ~2.0465% | ~$10,736 | +40.8% |
| 2026 | ~$413,806 | ~$409,750 | ~1.9977% | ~$8,185 | +11.1% |
| 2027 | ~$459,692 | ~$450,725 | ~1.9488% | ~$8,784 | +23.4% |
| 2028 | ~$510,666 | ~$495,798 | ~1.9000% | ~$9,420 | +37.1% |
| 2029 | ~$567,293 | ~$545,377 | ~1.8512% | ~$10,096 | +52.3% |
| 2030 | ~$630,200 | ~$599,915 | ~1.8024% | ~$10,813 | +69.2% |
In 2025, this property's market value of $372,500 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -74% below the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial 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 | $372,500 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $378,100 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $302,300 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $263,500 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $263,030 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.