1604 WHELESS LN TX 78723
| Owner | WPOI AUSTIN MULTIFAMILY LLC |
|---|---|
| Parcel ID | 0226170421 |
| Short ID | 226779 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 43,889 SF |
| Land SF | 81,893 SF |
| Acres | 1.880 |
| Year Built | 1983 |
| Legal | LOT 1 WHELESS SIXTEEN HUNDRED TEN |
| Neighborhood | 06NE |
| Land | $2,456,790 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,456,790 |
| Improvement | $5,243,210 |
|---|---|
| Total Improvement | $5,243,210 |
| Market | $7,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,700,000 |
| Taxable Value | $7,700,000 |
|---|
Appreciation: Market value has risen +75.4% from $4,388,900 (2021) to $7,700,000 (2025), a CAGR of 15.1% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $157,579. 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 32% of market value ($2,456,790 land vs $5,243,210 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~43 yrs), and rent roll drive the underwriting.
Submarket Position: At $7,700,000, 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 +15.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $15,547,463 by 2030, with an estimated annual tax burden around $233,602. 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.
20 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 109,006 SF | ✗ |
| 1ST | 1st Floor | 21,945 SF | ✓ |
| 2ND | 2nd Floor | 21,944 SF | ✓ |
| 551 | PAVED AREA | 20,500 SF | ✗ |
| 591 | MASONRY TRIM SF | 12,000 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 7,938 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 2,830 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 880 SF | ✗ |
| 611 | TERRACE | 588 SF | ✗ |
| 601 | POOL COMM'L | 558 SF | ✗ |
| 511 | DECK | 192 SF | ✗ |
| MISC | Miscellaneous | 5 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
| 539 | FENCE FV | 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% | $71,240.40 | $71,240.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $40,349.31 | $40,349.31 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $28,940.07 | $28,940.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,087.77 | $9,087.77 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,961.80 | $7,961.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $157,579.35 | $157,579.35 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,700,000 | $7,700,000 | +0.0% |
| Assessed Value | $7,700,000 | $7,700,000 | +0.0% |
| Land Value | $2,456,790 | $2,456,790 | +0.0% |
| Improvement Value | $5,243,210 | $5,243,210 | +0.0% |
| Taxable Value | $7,700,000 | $7,700,000 | +0.0% |
| Total Tax 2026 = estimate |
~$157,579
Estimated
|
~$157,579
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $10,972,250 | $7,700,000 | -3,272,250 (-29.8%) |
| Taxable Value | $10,972,250 | $7,700,000 | -3,272,250 (-29.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,700,000 | $2,456,790 | $5,243,210 | — | $7,700,000 | $7,700,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,700,000 | $2,456,790 | $5,243,210 | — | $7,700,000 | $7,700,000 | ~$157,579 | Partial |
| 2024 | $6,583,350 | — | — | −$4,126,560 | $2,456,790 | $— | $191,356 | Verified |
| 2023 | $5,705,570 | — | — | −$3,248,780 | $2,456,790 | $— | $119,109 | Verified |
| 2022 | $4,959,457 | — | — | −$2,502,667 | $2,456,790 | $— | $112,681 | Verified |
| 2021 | $4,388,900 | — | — | −$3,733,756 | $655,144 | $— | $107,951 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +42.5% | +42.5% | ~100% | Not available | Partial |
| 2025 | -20.3% | -20.3% | ~100% | Not available | Partial |
| 2024 | +46.7% | +46.7% | ~100% | 1.9800% | Verified |
| 2023 | +15.4% | +15.4% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +12.1% | +15.1% | +17.0% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 57.5% | — | 100.0% | 2025 | 14.9% | 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 |
$157,579 | $137,735 | ~$200,911 | $191,356 | 2024 | $107,951 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,861,852 | ~$8,470,000 | ~2.0139% | ~$170,580 | +15.1% |
| 2027 | ~$10,199,015 | ~$9,317,000 | ~1.9814% | ~$184,606 | +32.5% |
| 2028 | ~$11,737,943 | ~$10,248,700 | ~1.9488% | ~$199,731 | +52.4% |
| 2029 | ~$13,509,080 | ~$11,273,570 | ~1.9163% | ~$216,034 | +75.4% |
| 2030 | ~$15,547,463 | ~$12,400,927 | ~1.8837% | ~$233,602 | +101.9% |
| 2026 | ~$8,707,852 | ~$8,470,000 | ~2.0465% | ~$173,337 | +13.1% |
| 2027 | ~$9,847,621 | ~$9,317,000 | ~2.0465% | ~$190,671 | +27.9% |
| 2028 | ~$11,136,575 | ~$10,248,700 | ~2.0465% | ~$209,738 | +44.6% |
| 2029 | ~$12,594,240 | ~$11,273,570 | ~2.0465% | ~$230,712 | +63.6% |
| 2030 | ~$14,242,698 | ~$12,400,927 | ~2.0465% | ~$253,783 | +85.0% |
| 2026 | ~$9,015,852 | ~$8,470,000 | ~1.9977% | ~$169,202 | +17.1% |
| 2027 | ~$10,556,569 | ~$9,317,000 | ~1.9488% | ~$181,573 | +37.1% |
| 2028 | ~$12,360,580 | ~$10,248,700 | ~1.9000% | ~$194,727 | +60.5% |
| 2029 | ~$14,472,878 | ~$11,273,570 | ~1.8512% | ~$208,696 | +88.0% |
| 2030 | ~$16,946,146 | ~$12,400,927 | ~1.8024% | ~$223,511 | +120.1% |
In 2025, this property's market value of $7,700,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 15× 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 | $7,700,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $6,583,350 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $5,705,570 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $4,959,457 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $4,388,900 | $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.