700 FRANKLIN BLVD TX 78751
| Owner | GREENLAND LAMUETTE L LIVING TRUST |
|---|---|
| Parcel ID | 0226070634 |
| Short ID | 226625 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 7,984 SF |
| Land SF | 15,497 SF |
| Acres | 0.356 |
| Year Built | 1973 |
| Legal | LOT B *RESUB LT 47-49 52&54 NORTHFIELD ADDN |
| Neighborhood | 05NC |
| Land | $774,850 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $774,850 |
| Improvement | $1,510,150 |
|---|---|
| Total Improvement | $1,510,150 |
| Market | $2,285,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,285,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,285,000 |
| Taxable Value | $2,285,000 |
|---|
Appreciation: Market value has risen +43.1% from $1,596,800 (2021) to $2,285,000 (2025), a CAGR of 9.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $46,762. 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 34% of market value ($774,850 land vs $1,510,150 improvements), about $50/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,285,000, 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 +9.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,576,274 by 2030, with an estimated annual tax burden around $67,368. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 6,120 SF | ✗ |
| 1ST | 1st Floor | 4,342 SF | ✓ |
| 2ND | 2nd Floor | 3,642 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 1,176 SF | ✗ |
| 611 | TERRACE | 1,160 SF | ✗ |
| 601 | POOL COMM'L | 540 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $21,140.82 | $21,140.82 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,973.79 | $11,973.79 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,588.06 | $8,588.06 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,696.83 | $2,696.83 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,362.69 | $2,362.69 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $46,762.19 | $46,762.19 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,350,000 | $2,285,000 | +2.8% |
| Assessed Value | $2,350,000 | $2,285,000 | +2.8% |
| Land Value | $774,850 | $774,850 | +0.0% |
| Improvement Value | $1,575,150 | $1,510,150 | +4.3% |
| Taxable Value | $2,350,000 | $2,285,000 | +2.8% |
| Total Tax 2026 = estimate |
~$48,092
Estimated
|
~$46,762
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,714,560 | $2,350,000 | -364,560 (-13.4%) |
| Taxable Value | $2,714,560 | $2,350,000 | -364,560 (-13.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,350,000 | $774,850 | $1,575,150 | — | $2,350,000 | $2,350,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,285,000 | $774,850 | $1,510,150 | — | $2,285,000 | $2,285,000 | ~$46,762 | Partial |
| 2024 | $1,650,000 | — | — | −$875,150 | $774,850 | $— | $39,240 | Verified |
| 2023 | $1,700,000 | — | — | −$925,150 | $774,850 | $— | $30,095 | Verified |
| 2022 | $— | — | — | — | $774,850 | $— | $33,574 | Verified |
| 2021 | $1,596,800 | — | — | −$821,950 | $774,850 | $— | $34,907 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.8% | +18.8% | ~100% | Not available | Partial |
| 2025 | -7.7% | +0.4% | ~100% | Not available | Partial |
| 2024 | +29.2% | +18.8% | 91.9% | 1.5900% | Verified |
| 2023 | +12.7% | +12.7% | ~100% | 1.5700% | Verified |
| 2022 | +1.4% | +1.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +36.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.8% | +11.2% | +8.8% | +38.5% | 2025 | -2.9% | 2024 |
| Assessment Ratio | 100.0% | 68.2% | — | 100.0% | 2025 | 45.6% | 2023 |
| 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 |
$46,762 | $37,751 | ~$58,556 | $46,762 | 2025 | $30,095 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,499,166 | ~$2,499,166 | ~2.0139% | ~$50,332 | +9.4% |
| 2027 | ~$2,733,405 | ~$2,733,405 | ~1.9814% | ~$54,159 | +19.6% |
| 2028 | ~$2,989,599 | ~$2,989,599 | ~1.9488% | ~$58,262 | +30.8% |
| 2029 | ~$3,269,805 | ~$3,269,805 | ~1.9163% | ~$62,659 | +43.1% |
| 2030 | ~$3,576,274 | ~$3,576,274 | ~1.8837% | ~$67,368 | +56.5% |
| 2026 | ~$2,453,466 | ~$2,453,466 | ~2.0465% | ~$50,210 | +7.4% |
| 2027 | ~$2,634,353 | ~$2,634,353 | ~2.0465% | ~$53,912 | +15.3% |
| 2028 | ~$2,828,576 | ~$2,828,576 | ~2.0465% | ~$57,886 | +23.8% |
| 2029 | ~$3,037,118 | ~$3,037,118 | ~2.0465% | ~$62,154 | +32.9% |
| 2030 | ~$3,261,035 | ~$3,261,035 | ~2.0465% | ~$66,737 | +42.7% |
| 2026 | ~$2,544,866 | ~$2,513,500 | ~1.9977% | ~$50,211 | +11.4% |
| 2027 | ~$2,834,286 | ~$2,764,850 | ~1.9488% | ~$53,882 | +24.0% |
| 2028 | ~$3,156,621 | ~$3,041,335 | ~1.9000% | ~$57,786 | +38.1% |
| 2029 | ~$3,515,614 | ~$3,345,469 | ~1.8512% | ~$61,931 | +53.9% |
| 2030 | ~$3,915,434 | ~$3,680,015 | ~1.8024% | ~$66,328 | +71.4% |
In 2025, this property's market value of $2,285,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× 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 | $2,285,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,650,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,700,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $1,596,800 | $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.