1914 HEARTHSTONE DR AUSTIN, TX 78757
| Owner | TAN RIDWAN |
|---|---|
| Parcel ID | 0242080705 |
| Short ID | 247072 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,200 SF |
| Land SF | 8,190 SF |
| Acres | 0.188 |
| Year Built | 1969 |
| Legal | LOT 8 BLK G WOOTEN TERRACE SEC 3 |
| Neighborhood | Y6006 |
| Land | $331,107 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $331,107 |
| Improvement | $135,375 |
|---|---|
| Total Improvement | $135,375 |
| Market | $466,482 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $466,482 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $466,482 |
| Taxable Value | $466,482 |
|---|
Appreciation: Market value has risen +25.2% from $372,500 (2021) to $466,482 (2025), a CAGR of 5.8% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), 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 $9,546. 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 71% of market value ($331,107 land vs $135,375 improvements), about $40/SF of land. With value concentrated in the land under a ~57-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 $466,482, this parcel sits in the lower-middle (25th–50th 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 +5.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $617,975 by 2030, with an estimated annual tax burden around $11,641. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,200 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,200 SF | ✗ |
| 251 | BATHROOM | 4 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% | $4,315.89 | $4,315.89 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,444.44 | $2,444.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,753.25 | $1,753.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $550.56 | $550.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $482.34 | $482.34 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,546.48 | $9,546.48 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $458,671 | $466,482 | -1.7% |
| Assessed Value | $458,671 | $466,482 | -1.7% |
| Land Value | $203,758 | $331,107 | -38.5% |
| Improvement Value | $254,913 | $135,375 | +88.3% |
| Taxable Value | $458,671 | $466,482 | -1.7% |
| Total Tax 2026 = estimate |
~$9,387
Estimated
|
~$9,546
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $532,224 | $458,671 | -73,553 (-13.8%) |
| Taxable Value | $532,224 | $458,671 | -73,553 (-13.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $458,671 | $203,758 | $254,913 | — | $458,671 | $458,671 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $466,482 | $331,107 | $135,375 | — | $466,482 | $466,482 | ~$9,546 | Partial |
| 2024 | $575,166 | — | — | −$250,166 | $325,000 | $— | $10,970 | Verified |
| 2023 | $625,869 | — | — | −$300,869 | $325,000 | $— | $10,406 | Verified |
| 2022 | $476,043 | — | — | −$76,043 | $400,000 | $— | $12,360 | Verified |
| 2021 | $372,500 | — | — | −$132,500 | $240,000 | $— | $10,362 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.1% | +14.1% | ~100% | Not available | Partial |
| 2025 | -15.7% | -15.7% | ~100% | Not available | Partial |
| 2024 | -3.8% | -3.8% | ~100% | 1.9800% | Verified |
| 2023 | -8.1% | -8.1% | ~100% | 1.8100% | Verified |
| 2022 | +31.5% | +31.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.7800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -2.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.7% | +6.1% | +6.1% | +31.5% | 2023 | -18.9% | 2025 |
| Assessment Ratio | 100.0% | 76.1% | — | 100.0% | 2025 | 51.9% | 2023 |
| 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 |
$9,546 | $10,729 | ~$10,776 | $12,360 | 2022 | $9,546 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$493,471 | ~$493,471 | ~2.0139% | ~$9,938 | +5.8% |
| 2027 | ~$522,022 | ~$522,022 | ~1.9814% | ~$10,343 | +11.9% |
| 2028 | ~$552,225 | ~$552,225 | ~1.9488% | ~$10,762 | +18.4% |
| 2029 | ~$584,176 | ~$584,176 | ~1.9163% | ~$11,195 | +25.2% |
| 2030 | ~$617,975 | ~$617,975 | ~1.8837% | ~$11,641 | +32.5% |
| 2026 | ~$484,142 | ~$484,142 | ~2.0465% | ~$9,908 | +3.8% |
| 2027 | ~$502,470 | ~$502,470 | ~2.0465% | ~$10,283 | +7.7% |
| 2028 | ~$521,492 | ~$521,492 | ~2.0465% | ~$10,672 | +11.8% |
| 2029 | ~$541,235 | ~$541,235 | ~2.0465% | ~$11,076 | +16.0% |
| 2030 | ~$561,725 | ~$561,725 | ~2.0465% | ~$11,496 | +20.4% |
| 2026 | ~$502,801 | ~$502,801 | ~1.9977% | ~$10,044 | +7.8% |
| 2027 | ~$541,948 | ~$541,948 | ~1.9488% | ~$10,562 | +16.2% |
| 2028 | ~$584,143 | ~$584,143 | ~1.9000% | ~$11,099 | +25.2% |
| 2029 | ~$629,622 | ~$629,622 | ~1.8512% | ~$11,656 | +35.0% |
| 2030 | ~$678,643 | ~$678,643 | ~1.8024% | ~$12,232 | +45.5% |
In 2025, this property's market value of $466,482 places it in the 25th–50th percentile for Multi-Family properties in Travis County (12584 comparable) — -10% below 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 | $466,482 | $438,669 | $519,778 | $749,859 | ↓ Below median | -7.5% |
| 2024 | $575,166 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $625,869 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $476,043 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $372,500 | $300,453 | $376,850 | $539,896 | ↓ Below 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.