1902 HEARTHSTONE DR AUSTIN, TX 78757
| Owner | BHOMES INVESTMENTS LLC |
|---|---|
| Parcel ID | 0241101402 |
| Short ID | 246328 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,584 SF |
| Land SF | 8,050 SF |
| Acres | 0.185 |
| Year Built | 1973 |
| Legal | LOT 2 BLK G WOOTEN TERRACE SEC 3 |
| Neighborhood | Y6006 |
| Land | $330,388 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $330,388 |
| Improvement | $224,746 |
|---|---|
| Total Improvement | $224,746 |
| Market | $555,134 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $555,134 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $555,134 |
| Taxable Value | $555,134 |
|---|
Appreciation: Market value has risen +30.6% from $425,000 (2021) to $555,134 (2025), a CAGR of 6.9% over 4 years. This represents moderate, steady growth. 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 lagged 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 $11,361. 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 60% of market value ($330,388 land vs $224,746 improvements), about $41/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $555,134, this parcel sits in the upper-middle (50th–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 +6.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $775,191 by 2030, with an estimated annual tax burden around $14,603. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,584 SF | ✗ |
| 1ST | 1st Floor | 1,792 SF | ✓ |
| 2ND | 2nd Floor | 1,792 SF | ✓ |
| 612 | TERRACE UNCOVERD | 220 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 180 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 180 SF | ✗ |
| 252 | BEDROOMS | 8 SF | ✓ |
| 251 | BATHROOM | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $5,136.10 | $5,136.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,909.00 | $2,909.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,086.44 | $2,086.44 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $655.19 | $655.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $574.01 | $574.01 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,360.74 | $11,360.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $616,820 | $555,134 | +11.1% |
| Assessed Value | $616,820 | $555,134 | +11.1% |
| Land Value | $203,316 | $330,388 | -38.5% |
| Improvement Value | $413,504 | $224,746 | +84.0% |
| Taxable Value | $616,820 | $555,134 | +11.1% |
| Total Tax 2026 = estimate |
~$12,623
Estimated
|
~$11,361
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $649,284 | $616,820 | -32,464 (-5.0%) |
| Taxable Value | $649,284 | $616,820 | -32,464 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $616,820 | $203,316 | $413,504 | — | $616,820 | $616,820 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $555,134 | $330,388 | $224,746 | — | $555,134 | $555,134 | ~$11,361 | Partial |
| 2024 | $651,108 | — | — | −$326,108 | $325,000 | $— | $13,293 | Verified |
| 2023 | $639,042 | — | — | −$314,042 | $325,000 | $— | $11,780 | Verified |
| 2022 | $539,000 | — | — | −$139,000 | $400,000 | $— | $12,621 | Verified |
| 2021 | $425,000 | — | — | −$185,000 | $240,000 | $— | $11,732 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +17.0% | +17.0% | ~100% | Not available | Partial |
| 2025 | -17.2% | -17.2% | ~100% | Not available | Partial |
| 2024 | +3.0% | +3.0% | ~100% | 1.9800% | Verified |
| 2023 | -7.9% | -7.9% | ~100% | 1.8100% | Verified |
| 2022 | +31.2% | +31.2% | ~100% | 1.7900% | Verified |
| 2021 | base year | — | ~100% | 2.7600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +11.1% | +8.7% | +4.8% | +26.8% | 2022 | -14.7% | 2025 |
| Assessment Ratio | 100.0% | 71.9% | — | 100.0% | 2025 | 49.9% | 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 |
$11,361 | $12,157 | ~$13,248 | $13,293 | 2024 | $11,361 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$593,472 | ~$593,472 | ~2.0139% | ~$11,952 | +6.9% |
| 2027 | ~$634,457 | ~$634,457 | ~1.9814% | ~$12,571 | +14.3% |
| 2028 | ~$678,273 | ~$678,273 | ~1.9488% | ~$13,218 | +22.2% |
| 2029 | ~$725,115 | ~$725,115 | ~1.9163% | ~$13,895 | +30.6% |
| 2030 | ~$775,191 | ~$775,191 | ~1.8837% | ~$14,603 | +39.6% |
| 2026 | ~$582,369 | ~$582,369 | ~2.0465% | ~$11,918 | +4.9% |
| 2027 | ~$610,940 | ~$610,940 | ~2.0465% | ~$12,503 | +10.1% |
| 2028 | ~$640,913 | ~$640,913 | ~2.0465% | ~$13,116 | +15.5% |
| 2029 | ~$672,357 | ~$672,357 | ~2.0465% | ~$13,760 | +21.1% |
| 2030 | ~$705,343 | ~$705,343 | ~2.0465% | ~$14,435 | +27.1% |
| 2026 | ~$604,574 | ~$604,574 | ~1.9977% | ~$12,077 | +8.9% |
| 2027 | ~$658,418 | ~$658,418 | ~1.9488% | ~$12,832 | +18.6% |
| 2028 | ~$717,057 | ~$717,057 | ~1.9000% | ~$13,624 | +29.2% |
| 2029 | ~$780,918 | ~$780,918 | ~1.8512% | ~$14,456 | +40.7% |
| 2030 | ~$850,467 | ~$850,467 | ~1.8024% | ~$15,329 | +53.2% |
In 2025, this property's market value of $555,134 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +7% above 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 | $555,134 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $651,108 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $639,042 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $539,000 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $425,000 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.