2711 W ANDERSON LN TX 78757
| Owner | PP ANDERSON LANE LLC |
|---|---|
| Parcel ID | 0239040202 |
| Short ID | 242308 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 242,722 SF |
| Land SF | 118,396 SF |
| Acres | 2.718 |
| Year Built | 2024 |
| Legal | LOT 2 NORTHCROSS PLAZA RESUB OF LOT A |
| Neighborhood | 1NC2 |
| Land | $5,919,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,919,800 |
| Improvement | $67,080,200 |
|---|---|
| Total Improvement | $67,080,200 |
| Market | $73,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $73,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $73,000,000 |
| Taxable Value | $73,000,000 |
|---|
Appreciation: Market value has risen +916.6% from $7,180,800 (2021) to $73,000,000 (2025), a CAGR of 78.6% 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 $1,493,934. 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 8% of market value ($5,919,800 land vs $67,080,200 improvements), about $50/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $73,000,000, 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 +78.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,325,135,829 by 2030, with an estimated annual tax burden around $24,962,147. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 242,722 SF | ✓ |
Market value changed by 103% 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% | $601,380.00 | $601,380.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $340,611.05 | $340,611.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $244,299.25 | $244,299.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $76,714.95 | $76,714.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $67,210.00 | $67,210.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,330,215.25 | $1,330,215.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $74,366,713 | $73,000,000 | +1.9% |
| Assessed Value | $74,366,713 | $73,000,000 | +1.9% |
| Land Value | $5,919,800 | $5,919,800 | +0.0% |
| Improvement Value | $68,446,913 | $67,080,200 | +2.0% |
| Taxable Value | $74,366,713 | $73,000,000 | +1.9% |
| Total Tax 2026 = estimate |
~$1,521,904
Estimated
|
~$1,330,215
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $74,366,713 | $74,366,713 | +0 (+0.0%) |
| Taxable Value | $74,366,713 | $74,366,713 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $74,366,713 | $5,919,800 | $68,446,913 | — | $74,366,713 | $74,366,713 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $73,000,000 | $5,919,800 | $67,080,200 | — | $73,000,000 | $73,000,000 | ~$1,330,215 | Partial |
| 2024 | $23,735,838 | — | — | −$17,816,038 | $5,919,800 | $— | $998,145 | Verified |
| 2023 | $12,022,923 | — | — | −$6,103,123 | $5,919,800 | $— | $429,440 | Verified |
| 2022 | $— | — | — | — | $5,919,800 | $— | $237,443 | Verified |
| 2021 | $7,180,800 | — | — | −$1,261,000 | $5,919,800 | $— | $128,855 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.9% | +1.9% | ~100% | Not available | Partial |
| 2025 | +44.9% | +44.9% | ~100% | Not available | Partial |
| 2024 | +112.2% ! | +112.2% | ~100% | 1.9800% | Verified |
| 2023 | +97.4% ! | +97.4% | ~100% | 1.8100% | Verified |
| 2022 | +103.1% ! | +103.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.7900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1133.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.9% | +93.6% | +77.9% | +207.6% | 2025 | +1.9% | 2026 |
| Assessment Ratio | 100.0% | 71.3% | — | 100.0% | 2025 | 24.9% | 2024 |
| Effective Tax Rate (2025) | 1.8200% | 1.8200% | — | 1.8200% | 2025 | 1.8200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,330,215 | $721,664 | ~$10,903,955 | $1,330,215 | 2025 | $128,855 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$130,349,799 | ~$130,349,799 | ~2.0139% | ~$2,625,162 | +78.6% |
| 2027 | ~$232,754,387 | ~$232,754,387 | ~1.9814% | ~$4,611,767 | +218.8% |
| 2028 | ~$415,609,420 | ~$415,609,420 | ~1.9488% | ~$8,099,561 | +469.3% |
| 2029 | ~$742,117,870 | ~$742,117,870 | ~1.9163% | ~$14,221,138 | +916.6% |
| 2030 | ~$1,325,135,829 | ~$1,325,135,829 | ~1.8837% | ~$24,962,147 | +1715.3% |
| 2026 | ~$128,889,799 | ~$128,889,799 | ~2.0465% | ~$2,637,710 | +76.6% |
| 2027 | ~$227,569,595 | ~$227,569,595 | ~2.0465% | ~$4,657,178 | +211.7% |
| 2028 | ~$401,799,992 | ~$401,799,992 | ~2.0465% | ~$8,222,777 | +450.4% |
| 2029 | ~$709,423,567 | ~$709,423,567 | ~2.0465% | ~$14,518,247 | +871.8% |
| 2030 | ~$1,252,567,964 | ~$1,252,567,964 | ~2.0465% | ~$25,633,615 | +1615.8% |
| 2026 | ~$131,809,799 | ~$131,809,799 | ~1.9977% | ~$2,633,115 | +80.6% |
| 2027 | ~$237,997,579 | ~$237,997,579 | ~1.9488% | ~$4,638,191 | +226.0% |
| 2028 | ~$429,731,687 | ~$429,731,687 | ~1.9000% | ~$8,164,974 | +488.7% |
| 2029 | ~$775,929,417 | ~$775,929,417 | ~1.8512% | ~$14,363,959 | +962.9% |
| 2030 | ~$1,401,028,779 | ~$1,401,028,779 | ~1.8024% | ~$25,251,740 | +1819.2% |
In 2025, this property's market value of $73,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 140× 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 | $73,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $23,735,838 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $12,022,923 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $7,180,800 | $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.