2715 HANCOCK DR TX 78731
| Owner | 2715 HANCOCK DRIVE LLC |
|---|---|
| Parcel ID | 0227000123 |
| Short ID | 227404 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 6,479 SF |
| Land SF | 32,032 SF |
| Acres | 0.735 |
| Year Built | 1961 |
| Legal | LOT 1 STASSWENDER ADDN |
| Neighborhood | 83CEN |
| Land | $1,065,064 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,065,064 |
| Improvement | $293,057 |
|---|---|
| Total Improvement | $293,057 |
| Market | $1,358,121 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,358,121 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,358,121 |
| Taxable Value | $1,358,121 |
|---|
| Total Due | $31,962.82 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +14.1% from $1,190,000 (2021) to $1,358,121 (2025), a CAGR of 3.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 lagged 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 $27,794. 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 78% of market value ($1,065,064 land vs $293,057 improvements), about $33/SF of land. With value concentrated in the land under a ~65-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,358,121, this parcel sits in the lower-middle (25th–50th 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 +3.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,602,057 by 2030, with an estimated annual tax burden around $30,179. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $31,962.82 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 19,988 SF | ✗ |
| 1ST | 1st Floor | 6,479 SF | ✓ |
| 288 | SHED SF | 2,490 SF | ✓ |
| SO | Sketch Only | 1,190 SF | ✗ |
| 501 | CANOPY | 895 SF | ✗ |
| 327 | STORAGE COMM'L | 576 SF | ✓ |
| 093 | HVAC COMMRCL SF | 555 SF | ✗ |
| 541 | FENCE COMM LF | 350 SF | ✗ |
| 482 | LIGHT POLES | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +630 |
| Travis County | 0.3444% | 0.3758% | +426 |
| Austin ISD | 0.9505% | 0.9252% | -344 |
| Travis Central Health | 0.1080% | 0.1180% | +137 |
| Austin Community College | 0.1013% | 0.1034% | +29 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $12,565.34 | $— | $12,565.34 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,116.78 | $— | $7,116.78 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,104.43 | $— | $5,104.43 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,602.90 | $— | $1,602.90 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,404.30 | $— | $1,404.30 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,793.75 | $0.00 | $27,793.75 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,554,160 | $1,358,121 | +14.4% |
| Assessed Value | $1,554,160 | $1,358,121 | +14.4% |
| Land Value | $1,065,064 | $1,065,064 | +0.0% |
| Improvement Value | $489,096 | $293,057 | +66.9% |
| Taxable Value | $1,554,160 | $1,358,121 | +14.4% |
| Total Tax 2026 = estimate |
~$31,806
Estimated
|
$27,794 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,554,160 | $1,554,160 | +0 (+0.0%) |
| Taxable Value | $1,554,160 | $1,554,160 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,554,160 | $1,065,064 | $489,096 | — | $1,554,160 | $1,554,160 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,358,121 | $1,065,064 | $293,057 | — | $1,358,121 | $1,358,121 | $27,794 | Verified |
| 2024 | $1,382,187 | — | — | −$317,123 | $1,065,064 | $— | $26,813 | Verified |
| 2023 | $1,325,477 | — | — | −$260,413 | $1,065,064 | $— | $25,007 | Verified |
| 2022 | $1,219,380 | — | — | −$154,316 | $1,065,064 | $— | $26,177 | Verified |
| 2021 | $1,190,000 | — | — | −$124,936 | $1,065,064 | $— | $26,542 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.4% | +14.4% | ~100% | Not available | Partial |
| 2025 | +0.4% | +0.4% | ~100% | 2.0500% | Verified |
| 2024 | -2.1% | -2.1% | ~100% | 1.9800% | Verified |
| 2023 | +4.3% | +4.3% | ~100% | 1.8100% | Verified |
| 2022 | +8.7% | +8.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +14.4% | +5.6% | +0.8% | +14.4% | 2026 | -1.7% | 2025 |
| Assessment Ratio | 100.0% | 89.0% | — | 100.0% | 2025 | 77.1% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $27,794 | $26,467 | ~$29,225 | $27,794 | 2025 | $25,007 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,403,739 | ~$1,403,739 | ~2.0139% | ~$28,270 | +3.4% |
| 2027 | ~$1,450,889 | ~$1,450,889 | ~1.9814% | ~$28,748 | +6.8% |
| 2028 | ~$1,499,623 | ~$1,499,623 | ~1.9488% | ~$29,225 | +10.4% |
| 2029 | ~$1,549,994 | ~$1,549,994 | ~1.9163% | ~$29,702 | +14.1% |
| 2030 | ~$1,602,057 | ~$1,602,057 | ~1.8837% | ~$30,179 | +18.0% |
| 2026 | ~$1,376,576 | ~$1,376,576 | ~2.0465% | ~$28,171 | +1.4% |
| 2027 | ~$1,395,283 | ~$1,395,283 | ~2.0465% | ~$28,554 | +2.7% |
| 2028 | ~$1,414,243 | ~$1,414,243 | ~2.0465% | ~$28,942 | +4.1% |
| 2029 | ~$1,433,461 | ~$1,433,461 | ~2.0465% | ~$29,336 | +5.5% |
| 2030 | ~$1,452,941 | ~$1,452,941 | ~2.0465% | ~$29,734 | +7.0% |
| 2026 | ~$1,430,901 | ~$1,430,901 | ~1.9977% | ~$28,585 | +5.4% |
| 2027 | ~$1,507,582 | ~$1,507,582 | ~1.9488% | ~$29,380 | +11.0% |
| 2028 | ~$1,588,372 | ~$1,588,372 | ~1.9000% | ~$30,179 | +17.0% |
| 2029 | ~$1,673,491 | ~$1,673,491 | ~1.8512% | ~$30,980 | +23.2% |
| 2030 | ~$1,763,172 | ~$1,763,172 | ~1.8024% | ~$31,779 | +29.8% |
In 2025, this property's market value of $1,358,121 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -4% 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 | $1,358,121 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,382,187 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,325,477 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,219,380 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,190,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.