9008 GALEWOOD DR TX 78758
| Owner | AUSTIN HOUSING FINANCE CORP |
|---|---|
| Parcel ID | 0243100111 |
| Short ID | 248720 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 39,396 SF |
| Land SF | 63,265 SF |
| Acres | 1.452 |
| Year Built | 1973 |
| Legal | LOT 1A3 *FIRST RESUB OF LT A3 QUAIL CREEK SEC 6 1ST RESUB |
| Neighborhood | 08NO |
| Land | $948,975 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $948,975 |
| Improvement | $8,794,969 |
|---|---|
| Total Improvement | $8,794,969 |
| Market | $9,743,944 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,743,944 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,743,944 |
| Taxable Value | $9,743,944 |
|---|
Appreciation: Market value has risen +144.2% from $3,990,000 (2021) to $9,743,944 (2025), a CAGR of 25.0% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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.
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 10% of market value ($948,975 land vs $8,794,969 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $9,743,944, 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 +25.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $29,746,586 by 2030, with an estimated annual tax burden around $0. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 30,900 SF | ✗ |
| 1ST | 1st Floor | 19,698 SF | ✓ |
| 2ND | 2nd Floor | 19,698 SF | ✓ |
| 591 | MASONRY TRIM SF | 4,750 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 3,072 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 3,072 SF | ✗ |
| 601 | POOL COMM'L | 648 SF | ✗ |
| 611 | TERRACE | 416 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,942,892 | $9,743,944 | -8.2% |
| Assessed Value | $8,942,892 | $9,743,944 | -8.2% |
| Land Value | $948,975 | $948,975 | +0.0% |
| Improvement Value | $7,993,917 | $8,794,969 | -9.1% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,942,892 | $8,942,892 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,942,892 | $948,975 | $7,993,917 | — | $8,942,892 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $9,743,944 | $948,975 | $8,794,969 | — | $9,743,944 | $— | not in county billing file ⓘ | Partial |
| 2024 | $7,588,844 | — | — | −$6,639,869 | $948,975 | $— | $109,857 | Verified |
| 2023 | $5,600,000 | — | — | −$4,651,025 | $948,975 | $— | $137,301 | Verified |
| 2022 | $4,350,000 | — | — | −$3,401,025 | $948,975 | $— | $110,596 | Verified |
| 2021 | $3,990,000 | — | — | −$3,041,025 | $948,975 | $— | $94,686 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.2% | -8.2% | ~100% | Not available | Partial |
| 2025 | +31.6% | +31.6% | ~100% | Not available | Partial |
| 2024 | -2.4% | -2.4% | ~100% | 1.4800% | Verified |
| 2023 | +29.5% | +29.5% | ~100% | 1.8100% | Verified |
| 2022 | +24.2% | +24.2% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 2.3700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +106.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.2% | +18.7% | +27.2% | +35.5% | 2024 | -8.2% | 2026 |
| Assessment Ratio | 100.0% | 45.8% | — | 100.0% | 2025 | 12.5% | 2024 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $109,857 | $113,110 | — | $137,301 | 2023 | $94,686 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$12,180,784 | ~$10,718,338 | ~0.0000% | ~$0 | +25.0% |
| 2027 | ~$15,227,048 | ~$11,790,172 | ~0.0000% | ~$0 | +56.3% |
| 2028 | ~$19,035,145 | ~$12,969,189 | ~0.0000% | ~$0 | +95.4% |
| 2029 | ~$23,795,600 | ~$14,266,108 | ~0.0000% | ~$0 | +144.2% |
| 2030 | ~$29,746,586 | ~$15,692,719 | ~0.0000% | ~$0 | +205.3% |
| 2026 | ~$11,985,905 | ~$10,718,338 | ~0.0000% | ~$0 | +23.0% |
| 2027 | ~$14,743,714 | ~$11,790,172 | ~0.0000% | ~$0 | +51.3% |
| 2028 | ~$18,136,061 | ~$12,969,189 | ~0.0000% | ~$0 | +86.1% |
| 2029 | ~$22,308,945 | ~$14,266,108 | ~0.0000% | ~$0 | +129.0% |
| 2030 | ~$27,441,958 | ~$15,692,719 | ~0.0000% | ~$0 | +181.6% |
| 2026 | ~$12,375,663 | ~$10,718,338 | ~0.0000% | ~$0 | +27.0% |
| 2027 | ~$15,718,177 | ~$11,790,172 | ~0.0000% | ~$0 | +61.3% |
| 2028 | ~$19,963,463 | ~$12,969,189 | ~0.0000% | ~$0 | +104.9% |
| 2029 | ~$25,355,348 | ~$14,266,108 | ~0.0000% | ~$0 | +160.2% |
| 2030 | ~$32,203,515 | ~$15,692,719 | ~0.0000% | ~$0 | +230.5% |
In 2025, this property's market value of $9,743,944 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 19× 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 | $9,743,944 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $7,588,844 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $5,600,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $4,350,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,990,000 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |