6007 N INTERSTATE HY 35 TX 78723
| Owner | HOUSING AUTHORITY OF THE CITY OF AUSTIN |
|---|---|
| Parcel ID | 0226140403 |
| Short ID | 226760 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 108,640 SF |
| Acres | 2.494 |
| Year Built | — |
| Legal | LOT 2 GLAUNINGER SUBD |
| Neighborhood | 1EA3 |
| Land | $5,432,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,432,000 |
| Improvement | $89,826,333 |
|---|---|
| Total Improvement | $89,826,333 |
| Market | $95,258,333 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $95,258,333 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $95,258,333 |
| Taxable Value | $95,258,333 |
|---|
Appreciation: Market value has risen +3407.3% from $2,716,000 (2021) to $95,258,333 (2025), a CAGR of 143.4% 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.
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 6% of market value ($5,432,000 land vs $89,826,333 improvements), about $50/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $95,258,333, 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 +143.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,130,541,889 by 2030, with an estimated annual tax burden around $0. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 425,200 SF | ✓ |
Market value changed by 322% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $55,570,000 | $95,258,333 | -41.7% |
| Assessed Value | $55,570,000 | $95,258,333 | -41.7% |
| Land Value | $5,432,000 | $5,432,000 | +0.0% |
| Improvement Value | $50,138,000 | $89,826,333 | -44.2% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $92,429,667 | $55,570,000 | -36,859,667 (-39.9%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $55,570,000 | $5,432,000 | $50,138,000 | — | $55,570,000 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $95,258,333 | $5,432,000 | $89,826,333 | — | $95,258,333 | $— | not in county billing file ⓘ | Partial |
| 2024 | $11,468,211 | — | — | −$6,036,211 | $5,432,000 | $— | $268,507 | Verified |
| 2023 | $— | — | — | — | $2,716,000 | $— | $207,488 | Verified |
| 2022 | $— | — | — | — | $2,716,000 | $— | $53,639 | Verified |
| 2021 | $2,716,000 | — | — | — | $2,716,000 | $— | $59,119 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.0% | -3.0% | ~100% | Not available | Partial |
| 2025 | +116.5% ! | +116.5% | ~100% | Not available | Partial |
| 2024 | +283.6% ! | +283.6% | ~100% | 0.6100% | Verified |
| 2023 | +322.2% ! | +322.2% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3407.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -41.7% | +337.0% | +178.1% | +730.6% | 2025 | -41.7% | 2026 |
| Assessment Ratio | 100.0% | 86.8% | — | 100.0% | 2021 | 47.4% | 2024 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $268,507 | $163,813 | — | $268,507 | 2024 | $59,119 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$231,817,533 | ~$231,817,533 | ~0.0000% | ~$0 | +143.4% |
| 2027 | ~$564,143,493 | ~$564,143,493 | ~0.0000% | ~$0 | +492.2% |
| 2028 | ~$1,372,880,972 | ~$1,372,880,972 | ~0.0000% | ~$0 | +1341.2% |
| 2029 | ~$3,340,997,793 | ~$3,340,997,793 | ~0.0000% | ~$0 | +3407.3% |
| 2030 | ~$8,130,541,889 | ~$8,130,541,889 | ~0.0000% | ~$0 | +8435.3% |
| 2026 | ~$229,912,367 | ~$229,912,367 | ~0.0000% | ~$0 | +141.4% |
| 2027 | ~$554,908,895 | ~$554,908,895 | ~0.0000% | ~$0 | +482.5% |
| 2028 | ~$1,339,309,782 | ~$1,339,309,782 | ~0.0000% | ~$0 | +1306.0% |
| 2029 | ~$3,232,513,857 | ~$3,232,513,857 | ~0.0000% | ~$0 | +3293.4% |
| 2030 | ~$7,801,888,687 | ~$7,801,888,687 | ~0.0000% | ~$0 | +8090.2% |
| 2026 | ~$233,722,700 | ~$233,722,700 | ~0.0000% | ~$0 | +145.4% |
| 2027 | ~$573,454,297 | ~$573,454,297 | ~0.0000% | ~$0 | +502.0% |
| 2028 | ~$1,407,008,525 | ~$1,407,008,525 | ~0.0000% | ~$0 | +1377.0% |
| 2029 | ~$3,452,189,649 | ~$3,452,189,649 | ~0.0000% | ~$0 | +3524.0% |
| 2030 | ~$8,470,178,509 | ~$8,470,178,509 | ~0.0000% | ~$0 | +8791.8% |
In 2025, this property's market value of $95,258,333 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 183× 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 | $95,258,333 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $11,468,211 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $2,716,000 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |