3415 GREYSTONE DR TX 78731
| Owner | GREYSTONE MOPAC ESTATES LTD |
|---|---|
| Parcel ID | 0239010503 |
| Short ID | 242250 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 29,119 SF |
| Land SF | 81,942 SF |
| Acres | 1.881 |
| Year Built | 1978 |
| Legal | LOT 2A GREYSTONE CENTER |
| Neighborhood | 52NWE |
| Land | $4,097,100 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,097,100 |
| Improvement | $740,663 |
|---|---|
| Total Improvement | $740,663 |
| Market | $4,837,763 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,837,763 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,837,763 |
| Taxable Value | $4,837,763 |
|---|
Appreciation: Market value has fallen -16.4% from $5,785,854 (2021) to $4,837,763 (2025), a CAGR of -4.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), 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 $99,004. 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 85% of market value ($4,097,100 land vs $740,663 improvements), about $50/SF of land. With value concentrated in the land under a ~48-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 $4,837,763, this parcel sits in the top quartile (≥75th 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 -4.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,868,040 by 2030, with an estimated annual tax burden around $72,864. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 60,000 SF | ✗ |
| 1ST | 1st Floor | 11,446 SF | ✓ |
| 2ND | 2nd Floor | 10,054 SF | ✓ |
| 3RD | 3rd Floor | 7,620 SF | ✓ |
| 611 | TERRACE | 1,149 SF | ✗ |
| 511 | DECK | 264 SF | ✗ |
| 408 | LOADING RAMP | 256 SF | ✓ |
| 501 | CANOPY | 176 SF | ✗ |
| 413 | STAIRWAY EXT | 2 SF | ✓ |
| 521 | FIREPLACE | 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% | $44,758.98 | $44,758.98 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $25,350.70 | $25,350.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $18,182.49 | $18,182.49 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,709.67 | $5,709.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,002.25 | $5,002.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $99,004.09 | $99,004.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,881,471 | $4,837,763 | +0.9% |
| Assessed Value | $4,881,471 | $4,837,763 | +0.9% |
| Land Value | $4,097,100 | $4,097,100 | +0.0% |
| Improvement Value | $784,371 | $740,663 | +5.9% |
| Taxable Value | $4,881,471 | $4,837,763 | +0.9% |
| Total Tax 2026 = estimate |
~$99,899
Estimated
|
~$99,004
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,881,471 | $4,881,471 | +0 (+0.0%) |
| Taxable Value | $4,881,471 | $4,881,471 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,881,471 | $4,097,100 | $784,371 | — | $4,881,471 | $4,881,471 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,837,763 | $4,097,100 | $740,663 | — | $4,837,763 | $4,837,763 | ~$99,004 | Partial |
| 2024 | $4,336,771 | — | — | −$239,671 | $4,097,100 | $— | $95,675 | Verified |
| 2023 | $5,548,100 | — | — | −$2,680,130 | $2,867,970 | $— | $78,463 | Verified |
| 2022 | $5,546,900 | — | — | −$3,088,640 | $2,458,260 | $— | $109,571 | Verified |
| 2021 | $5,785,854 | — | — | −$4,147,014 | $1,638,840 | $— | $120,738 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.9% | +0.9% | ~100% | Not available | Partial |
| 2025 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2024 | +11.3% | +11.3% | ~100% | 1.9800% | Verified |
| 2023 | -21.8% | -21.8% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -12.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.9% | -2.7% | -4.5% | +11.6% | 2025 | -21.8% | 2024 |
| Assessment Ratio | 100.0% | 69.8% | — | 100.0% | 2025 | 28.3% | 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 |
$99,004 | $100,690 | ~$82,727 | $120,738 | 2021 | $78,463 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,626,088 | ~$4,626,088 | ~2.0139% | ~$93,166 | -4.4% |
| 2027 | ~$4,423,674 | ~$4,423,674 | ~1.9814% | ~$87,650 | -8.6% |
| 2028 | ~$4,230,117 | ~$4,230,117 | ~1.9488% | ~$82,438 | -12.6% |
| 2029 | ~$4,045,030 | ~$4,045,030 | ~1.9163% | ~$77,515 | -16.4% |
| 2030 | ~$3,868,040 | ~$3,868,040 | ~1.8837% | ~$72,864 | -20.0% |
| 2026 | ~$4,595,875 | ~$4,595,875 | ~2.0465% | ~$94,054 | -5.0% |
| 2027 | ~$4,366,081 | ~$4,366,081 | ~2.0465% | ~$89,351 | -9.8% |
| 2028 | ~$4,147,777 | ~$4,147,777 | ~2.0465% | ~$84,884 | -14.3% |
| 2029 | ~$3,940,388 | ~$3,940,388 | ~2.0465% | ~$80,639 | -18.5% |
| 2030 | ~$3,743,369 | ~$3,743,369 | ~2.0465% | ~$76,607 | -22.6% |
| 2026 | ~$4,722,843 | ~$4,722,843 | ~1.9977% | ~$94,346 | -2.4% |
| 2027 | ~$4,610,653 | ~$4,610,653 | ~1.9488% | ~$89,854 | -4.7% |
| 2028 | ~$4,501,128 | ~$4,501,128 | ~1.9000% | ~$85,522 | -7.0% |
| 2029 | ~$4,394,205 | ~$4,394,205 | ~1.8512% | ~$81,345 | -9.2% |
| 2030 | ~$4,289,821 | ~$4,289,821 | ~1.8024% | ~$77,319 | -11.3% |
In 2025, this property's market value of $4,837,763 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,837,763 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,336,771 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,548,100 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $5,546,900 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $5,785,854 | $517,750 | $1,142,600 | $2,780,453 | ↑ 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.