6701 BURNET RD TX 78757
| Owner | CWS MARQ BURNET LP |
|---|---|
| Parcel ID | 0234030412 |
| Short ID | 235848 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 178,493 SF |
| Land SF | 169,845 SF |
| Acres | 3.899 |
| Year Built | 2015 |
| Legal | LOT 2 TRAVIS COUNTY SUBD NO 1 & LOT 2 GRAY TERRACE |
| Neighborhood | 08NC1 |
| Land | $15,286,032 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $15,286,032 |
| Improvement | $60,913,968 |
|---|---|
| Total Improvement | $60,913,968 |
| Market | $76,200,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $76,200,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $76,200,000 |
| Taxable Value | $76,200,000 |
|---|
Appreciation: Market value has risen +2619.8% from $2,801,688 (2021) to $76,200,000 (2025), a CAGR of 128.4% 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 $1,559,422. 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 20% of market value ($15,286,032 land vs $60,913,968 improvements), about $90/SF of land. Most value sits in the improvements, so building condition, age (~11 yrs), and rent roll drive the underwriting.
Submarket Position: At $76,200,000, 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 +128.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,732,863,433 by 2030, with an estimated annual tax burden around $2,311,745. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 182,089 SF | ✓ |
| 2ND | 2nd Floor | 62,485 SF | ✓ |
| 3RD | 3rd Floor | 62,485 SF | ✓ |
| 4TH | 4th Floor | 60,419 SF | ✓ |
| 1ST | 1st Floor | 53,523 SF | ✓ |
| 5TH | 5th Floor | 28,179 SF | ✓ |
| MISC | Miscellaneous | 8,650 SF | ✓ |
| 601 | POOL COMM'L | 1,500 SF | ✗ |
| 276 | ELEVATOR COM PAS | 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% | $705,002.40 | $705,002.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $399,300.95 | $399,300.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $286,393.89 | $286,393.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $89,933.53 | $89,933.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $78,790.80 | $78,790.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,559,421.57 | $1,559,421.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $68,850,000 | $76,200,000 | -9.6% |
| Assessed Value | $68,850,000 | $76,200,000 | -9.6% |
| Land Value | $15,286,032 | $15,286,032 | +0.0% |
| Improvement Value | $53,563,968 | $60,913,968 | -12.1% |
| Taxable Value | $68,850,000 | $76,200,000 | -9.6% |
| Total Tax 2026 = estimate |
~$1,409,005
Estimated
|
~$1,559,422
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $68,850,000 | $68,850,000 | +0 (+0.0%) |
| Taxable Value | $68,850,000 | $68,850,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $68,850,000 | $15,286,032 | $53,563,968 | — | $68,850,000 | $68,850,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $76,200,000 | $15,286,032 | $60,913,968 | — | $76,200,000 | $76,200,000 | ~$1,559,422 | Partial |
| 2024 | $92,350,000 | — | — | — | — | $— | $1,702,576 | Verified |
| 2023 | $87,640,000 | — | — | — | — | $— | $1,459,575 | Verified |
| 2022 | $68,820,000 | — | — | — | — | $— | $1,564,964 | Verified |
| 2021 | $2,801,688 | — | — | — | — | $— | $1,462,354 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.6% | -9.6% | ~100% | Not available | Partial |
| 2025 | -11.3% | -11.3% | ~100% | Not available | Partial |
| 2024 | -7.0% | -7.0% | ~100% | 1.9800% | Verified |
| 2023 | +5.4% | +5.4% | ~100% | 1.5800% | Verified |
| 2022 | +27.3% | +27.3% | ~100% | 1.7900% | Verified |
| 2021 | base year | — | ~100% | 52.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +10.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.6% | +472.4% | +133.2% | +2356.4% | 2022 | -17.5% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$1,559,422 | $1,549,778 | ~$1,988,232 | $1,702,576 | 2024 | $1,459,575 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$174,015,836 | ~$83,820,000 | ~2.0139% | ~$1,688,082 | +128.4% |
| 2027 | ~$397,395,159 | ~$92,202,000 | ~1.9814% | ~$1,826,879 | +421.5% |
| 2028 | ~$907,520,350 | ~$101,422,200 | ~1.9488% | ~$1,976,556 | +1091.0% |
| 2029 | ~$2,072,479,163 | ~$111,564,420 | ~1.9163% | ~$2,137,899 | +2619.8% |
| 2030 | ~$4,732,863,433 | ~$122,720,862 | ~1.8837% | ~$2,311,745 | +6111.1% |
| 2026 | ~$172,491,836 | ~$83,820,000 | ~2.0465% | ~$1,715,364 | +126.4% |
| 2027 | ~$390,465,005 | ~$92,202,000 | ~2.0465% | ~$1,886,900 | +412.4% |
| 2028 | ~$883,884,850 | ~$101,422,200 | ~2.0465% | ~$2,075,590 | +1060.0% |
| 2029 | ~$2,000,825,727 | ~$111,564,420 | ~2.0465% | ~$2,283,149 | +2525.8% |
| 2030 | ~$4,529,213,945 | ~$122,720,862 | ~2.0465% | ~$2,511,464 | +5843.9% |
| 2026 | ~$175,539,836 | ~$83,820,000 | ~1.9977% | ~$1,674,440 | +130.4% |
| 2027 | ~$404,386,272 | ~$92,202,000 | ~1.9488% | ~$1,796,869 | +430.7% |
| 2028 | ~$931,573,488 | ~$101,422,200 | ~1.9000% | ~$1,927,039 | +1122.5% |
| 2029 | ~$2,146,040,120 | ~$111,564,420 | ~1.8512% | ~$2,065,274 | +2716.3% |
| 2030 | ~$4,943,773,361 | ~$122,720,862 | ~1.8024% | ~$2,211,886 | +6387.9% |
In 2025, this property's market value of $76,200,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 147× 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 | $76,200,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $92,350,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $87,640,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $68,820,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,801,688 | $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.