712 FRANKLIN BLVD TX 78751
| Owner | LEE KYOUNGKOO & NAMKYOUNG |
|---|---|
| Parcel ID | 0226070625 |
| Short ID | 226618 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 4,543 SF |
| Land SF | 7,747 SF |
| Acres | 0.178 |
| Year Built | 2005 |
| Legal | LOT 39 NORTHFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $434,943 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $434,943 |
| Improvement | $651,247 |
|---|---|
| Total Improvement | $651,247 |
| Market | $1,086,190 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,086,190 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,086,190 |
| Taxable Value | $1,086,190 |
|---|
Appreciation: Market value has risen +23.2% from $881,769 (2021) to $1,086,190 (2025), a CAGR of 5.4% over 4 years. This represents moderate, steady growth. 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 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 $22,229. 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 40% of market value ($434,943 land vs $651,247 improvements), about $56/SF of land. Most value sits in the improvements, so building condition, age (~21 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,086,190, 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 $1,409,596 by 2030, with an estimated annual tax burden around $26,553. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,543 SF | ✗ |
| 2ND | 2nd Floor | 2,704 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 1,417 SF | ✓ |
| 1ST | 1st Floor | 1,200 SF | ✓ |
| 3RD | 3rd Floor | 639 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 269 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 62 SF | ✗ |
| 251 | BATHROOM | 8 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% | $10,049.43 | $10,049.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,691.82 | $5,691.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,082.39 | $4,082.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,281.95 | $1,281.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,123.12 | $1,123.12 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,228.71 | $22,228.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,018,219 | $1,086,190 | -6.3% |
| Assessed Value | $1,018,219 | $1,086,190 | -6.3% |
| Land Value | $380,575 | $434,943 | -12.5% |
| Improvement Value | $637,644 | $651,247 | -2.1% |
| Taxable Value | $1,018,219 | $1,086,190 | -6.3% |
| Total Tax 2026 = estimate |
~$20,838
Estimated
|
~$22,229
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,173,199 | $1,018,219 | -154,980 (-13.2%) |
| Taxable Value | $1,173,199 | $1,018,219 | -154,980 (-13.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,018,219 | $380,575 | $637,644 | — | $1,018,219 | $1,018,219 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,086,190 | $434,943 | $651,247 | — | $1,086,190 | $1,086,190 | ~$22,229 | Partial |
| 2024 | $1,378,254 | — | — | −$928,254 | $450,000 | $— | $25,266 | Verified |
| 2023 | $1,239,703 | — | — | −$789,703 | $450,000 | $— | $24,936 | Verified |
| 2022 | $1,046,016 | — | — | −$596,016 | $450,000 | $— | $24,483 | Verified |
| 2021 | $881,769 | — | — | −$606,769 | $275,000 | $— | $22,768 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.0% | +8.0% | ~100% | Not available | Partial |
| 2025 | -14.8% | -14.8% | ~100% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | 1.9800% | Verified |
| 2023 | +11.2% | +11.2% | ~100% | 1.8100% | Verified |
| 2022 | +18.5% | +18.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.3% | +4.2% | +6.8% | +18.6% | 2022 | -21.2% | 2025 |
| Assessment Ratio | 100.0% | 57.2% | — | 100.0% | 2025 | 31.2% | 2021 |
| 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 |
$22,229 | $23,936 | ~$24,775 | $25,266 | 2024 | $22,229 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,144,310 | ~$1,144,310 | ~2.0139% | ~$23,046 | +5.4% |
| 2027 | ~$1,205,539 | ~$1,205,539 | ~1.9814% | ~$23,886 | +11.0% |
| 2028 | ~$1,270,045 | ~$1,270,045 | ~1.9488% | ~$24,751 | +16.9% |
| 2029 | ~$1,338,002 | ~$1,338,002 | ~1.9163% | ~$25,640 | +23.2% |
| 2030 | ~$1,409,596 | ~$1,409,596 | ~1.8837% | ~$26,553 | +29.8% |
| 2026 | ~$1,122,586 | ~$1,122,586 | ~2.0465% | ~$22,974 | +3.4% |
| 2027 | ~$1,160,201 | ~$1,160,201 | ~2.0465% | ~$23,743 | +6.8% |
| 2028 | ~$1,199,077 | ~$1,199,077 | ~2.0465% | ~$24,539 | +10.4% |
| 2029 | ~$1,239,255 | ~$1,239,255 | ~2.0465% | ~$25,361 | +14.1% |
| 2030 | ~$1,280,780 | ~$1,280,780 | ~2.0465% | ~$26,211 | +17.9% |
| 2026 | ~$1,166,033 | ~$1,166,033 | ~1.9977% | ~$23,293 | +7.4% |
| 2027 | ~$1,251,746 | ~$1,251,746 | ~1.9488% | ~$24,395 | +15.2% |
| 2028 | ~$1,343,759 | ~$1,343,759 | ~1.9000% | ~$25,532 | +23.7% |
| 2029 | ~$1,442,536 | ~$1,442,536 | ~1.8512% | ~$26,704 | +32.8% |
| 2030 | ~$1,548,573 | ~$1,548,573 | ~1.8024% | ~$27,911 | +42.6% |
In 2025, this property's market value of $1,086,190 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +109% 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 | $1,086,190 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,378,254 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,239,703 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,046,016 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $881,769 | $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.