5350 BURNET RD TX 78756
| Owner | LCP MFII 5350 LLC |
|---|---|
| Parcel ID | 0227030102 |
| Short ID | 227617 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 113,540 SF |
| Land SF | 103,882 SF |
| Acres | 2.385 |
| Year Built | 2009 |
| Legal | ABS 697 SUR 7 SPEAR G W ACR 2.3848 |
| Neighborhood | 08NC |
| Land | $10,388,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,388,200 |
| Improvement | $30,111,800 |
|---|---|
| Total Improvement | $30,111,800 |
| Market | $40,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $40,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $40,500,000 |
| Taxable Value | $40,500,000 |
|---|
Appreciation: Market value has risen +1996.3% from $1,932,011 (2021) to $40,500,000 (2025), a CAGR of 114.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 $828,826. 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 26% of market value ($10,388,200 land vs $30,111,800 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~17 yrs), and rent roll drive the underwriting.
Submarket Position: At $40,500,000, 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 +114.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,816,610,453 by 2030, with an estimated annual tax burden around $1,228,683. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 116,754 SF | ✓ |
| 2ND | 2nd Floor | 40,776 SF | ✓ |
| 3RD | 3rd Floor | 40,759 SF | ✓ |
| 4TH | 4th Floor | 40,717 SF | ✓ |
| 1ST | 1st Floor | 32,005 SF | ✓ |
| MISC | Miscellaneous | 3,949 SF | ✓ |
| 601 | POOL COMM'L | 2,000 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 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% | $356,202.00 | $356,202.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $201,746.55 | $201,746.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $144,700.33 | $144,700.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $45,438.86 | $45,438.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $39,809.00 | $39,809.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $787,896.74 | $787,896.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $36,010,000 | $40,500,000 | -11.1% |
| Assessed Value | $36,010,000 | $40,500,000 | -11.1% |
| Land Value | $10,388,200 | $10,388,200 | +0.0% |
| Improvement Value | $25,621,800 | $30,111,800 | -14.9% |
| Taxable Value | $36,010,000 | $40,500,000 | -11.1% |
| Total Tax 2026 = estimate |
~$736,939
Estimated
|
~$787,897
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $38,470,712 | $36,010,000 | -2,460,712 (-6.4%) |
| Taxable Value | $38,470,712 | $36,010,000 | -2,460,712 (-6.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $36,010,000 | $10,388,200 | $25,621,800 | — | $36,010,000 | $36,010,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $40,500,000 | $10,388,200 | $30,111,800 | — | $40,500,000 | $40,500,000 | ~$787,897 | Partial |
| 2024 | $43,300,000 | — | — | — | — | $— | $769,219 | Verified |
| 2023 | $39,300,000 | — | — | — | — | $— | $739,782 | Verified |
| 2022 | $36,618,700 | — | — | — | — | $— | $778,711 | Verified |
| 2021 | $1,932,011 | — | — | — | — | $— | $797,754 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.0% | -5.0% | ~100% | Not available | Partial |
| 2025 | +1.2% | +1.2% | ~100% | Not available | Partial |
| 2024 | -10.0% | -10.0% | ~100% | 1.9200% | Verified |
| 2023 | +6.1% | +6.1% | ~100% | 1.6600% | Verified |
| 2022 | +12.4% | +12.4% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 41.2900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -11.1% | +359.1% | +119.3% | +1795.4% | 2022 | -11.1% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$787,897 | $774,673 | ~$1,056,738 | $797,754 | 2021 | $739,782 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$86,659,540 | ~$44,550,000 | ~2.0139% | ~$897,209 | +114.0% |
| 2027 | ~$185,429,035 | ~$49,005,000 | ~1.9814% | ~$970,979 | +357.8% |
| 2028 | ~$396,770,244 | ~$53,905,500 | ~1.9488% | ~$1,050,532 | +879.7% |
| 2029 | ~$848,985,849 | ~$59,296,050 | ~1.9163% | ~$1,136,285 | +1996.3% |
| 2030 | ~$1,816,610,453 | ~$65,225,655 | ~1.8837% | ~$1,228,683 | +4385.5% |
| 2026 | ~$85,849,540 | ~$44,550,000 | ~2.0465% | ~$911,709 | +112.0% |
| 2027 | ~$181,978,853 | ~$49,005,000 | ~2.0465% | ~$1,002,880 | +349.3% |
| 2028 | ~$385,748,169 | ~$53,905,500 | ~2.0465% | ~$1,103,168 | +852.5% |
| 2029 | ~$817,686,493 | ~$59,296,050 | ~2.0465% | ~$1,213,485 | +1919.0% |
| 2030 | ~$1,733,284,184 | ~$65,225,655 | ~2.0465% | ~$1,334,833 | +4179.7% |
| 2026 | ~$87,469,540 | ~$44,550,000 | ~1.9977% | ~$889,959 | +116.0% |
| 2027 | ~$188,911,616 | ~$49,005,000 | ~1.9488% | ~$955,029 | +366.4% |
| 2028 | ~$408,000,302 | ~$53,905,500 | ~1.9000% | ~$1,024,214 | +907.4% |
| 2029 | ~$881,175,278 | ~$59,296,050 | ~1.8512% | ~$1,097,685 | +2075.7% |
| 2030 | ~$1,903,111,022 | ~$65,225,655 | ~1.8024% | ~$1,175,608 | +4599.0% |
In 2025, this property's market value of $40,500,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 78× 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 | $40,500,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $43,300,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $39,300,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $36,618,700 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,932,011 | $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.