6701 N LAMAR BLVD TX 78752
| Owner | ASVRF ALLIANCE BROADSTONE |
|---|---|
| Parcel ID | 0231090506 |
| Short ID | 232225 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 107,262 SF |
| Acres | 2.462 |
| Year Built | — |
| Legal | LOTS 1,2,9-11 & LOT 20 BLK C PLAZA PLACE |
| Neighborhood | 1NC2 |
| Land | $8,580,960 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,580,960 |
| Improvement | $69,199,040 |
|---|---|
| Total Improvement | $69,199,040 |
| Market | $77,780,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $77,780,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $77,780,000 |
| Taxable Value | $77,780,000 |
|---|
Appreciation: Market value has risen +3932.7% from $1,928,750 (2021) to $77,780,000 (2025), a CAGR of 152.0% 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 $1,591,756. 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 11% of market value ($8,580,960 land vs $69,199,040 improvements), about $80/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $77,780,000, 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 +152.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,904,200,324 by 2030, with an estimated annual tax burden around $2,359,679. 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 | 248,325 SF | ✓ |
Market value changed by 121% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $719,620.56 | $719,620.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $407,580.42 | $407,580.42 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $292,332.24 | $292,332.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $91,798.29 | $91,798.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $80,424.52 | $80,424.52 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,591,756.03 | $1,591,756.03 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $71,970,000 | $77,780,000 | -7.5% |
| Assessed Value | $71,970,000 | $77,780,000 | -7.5% |
| Land Value | $8,580,960 | $8,580,960 | +0.0% |
| Improvement Value | $63,389,040 | $69,199,040 | -8.4% |
| Taxable Value | $71,970,000 | $77,780,000 | -7.5% |
| Total Tax 2026 = estimate |
~$1,472,855
Estimated
|
~$1,591,756
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $78,320,332 | $71,970,000 | -6,350,332 (-8.1%) |
| Taxable Value | $78,320,332 | $71,970,000 | -6,350,332 (-8.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $71,970,000 | $8,580,960 | $63,389,040 | — | $71,970,000 | $71,970,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $77,780,000 | $8,580,960 | $69,199,040 | — | $77,780,000 | $77,780,000 | ~$1,591,756 | Partial |
| 2024 | $10,807,164 | — | — | −$7,592,785 | $3,214,379 | $— | $685,187 | Verified |
| 2023 | $4,268,516 | — | — | −$1,054,137 | $3,214,379 | $— | $195,528 | Verified |
| 2022 | $1,928,750 | — | — | — | $3,013,481 ! | $— | $84,300 | Verified |
| 2021 | $1,928,750 | — | — | −$5,000 | $1,923,750 | $— | $41,983 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.7% | +0.7% | ~100% | Not available | Partial |
| 2025 | +125.0% ! | +125.0% | ~100% | Not available | Partial |
| 2024 | +219.9% ! | +219.9% | ~100% | 1.9800% | Verified |
| 2023 | +153.2% ! | +153.2% | ~100% | 1.8100% | Verified |
| 2022 | +121.3% ! | +121.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3932.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.5% | +177.3% | +156.1% | +619.7% | 2025 | -7.5% | 2026 |
| Assessment Ratio | 100.0% | 93.5% | — | 156.2% | 2022 | 29.7% | 2024 |
| 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 |
$1,591,756 | $519,751 | ~$2,029,458 | $1,591,756 | 2025 | $41,983 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$196,004,453 | ~$85,558,000 | ~2.0139% | ~$1,723,084 | +152.0% |
| 2027 | ~$493,928,332 | ~$94,113,800 | ~1.9814% | ~$1,864,760 | +535.0% |
| 2028 | ~$1,244,692,116 | ~$103,525,180 | ~1.9488% | ~$2,017,540 | +1500.3% |
| 2029 | ~$3,136,605,781 | ~$113,877,698 | ~1.9163% | ~$2,182,228 | +3932.7% |
| 2030 | ~$7,904,200,324 | ~$125,265,468 | ~1.8837% | ~$2,359,679 | +10062.3% |
| 2026 | ~$194,448,853 | ~$85,558,000 | ~2.0465% | ~$1,750,932 | +150.0% |
| 2027 | ~$486,119,266 | ~$94,113,800 | ~2.0465% | ~$1,926,025 | +525.0% |
| 2028 | ~$1,215,290,999 | ~$103,525,180 | ~2.0465% | ~$2,118,627 | +1462.5% |
| 2029 | ~$3,038,209,580 | ~$113,877,698 | ~2.0465% | ~$2,330,490 | +3806.2% |
| 2030 | ~$7,595,479,157 | ~$125,265,468 | ~2.0465% | ~$2,563,539 | +9665.3% |
| 2026 | ~$197,560,053 | ~$85,558,000 | ~1.9977% | ~$1,709,160 | +154.0% |
| 2027 | ~$501,799,623 | ~$94,113,800 | ~1.9488% | ~$1,834,127 | +545.2% |
| 2028 | ~$1,274,563,643 | ~$103,525,180 | ~1.9000% | ~$1,966,996 | +1538.7% |
| 2029 | ~$3,237,372,863 | ~$113,877,698 | ~1.8512% | ~$2,108,097 | +4062.2% |
| 2030 | ~$8,222,879,342 | ~$125,265,468 | ~1.8024% | ~$2,257,749 | +10472.0% |
In 2025, this property's market value of $77,780,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 150× 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 | $77,780,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $10,807,164 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $4,268,516 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,928,750 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,928,750 | $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.