1722 COLONY CREEK DR TX 78758
| Owner | HAPPY INVESTMENTS INC |
|---|---|
| Parcel ID | 0243100220 |
| Short ID | 248739 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 4,546 SF |
| Land SF | 15,492 SF |
| Acres | 0.356 |
| Year Built | 1980 |
| Legal | LOT 4 BLK A COLONY CREEK ADDN |
| Neighborhood | W1005 |
| Land | $197,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $197,500 |
| Improvement | $454,502 |
|---|---|
| Total Improvement | $454,502 |
| Market | $652,002 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $652,002 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $652,002 |
| Taxable Value | $652,002 |
|---|
Appreciation: Market value has risen +51.1% from $431,400 (2021) to $652,002 (2025), a CAGR of 10.9% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $13,343. 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 30% of market value ($197,500 land vs $454,502 improvements), about $13/SF of land. Most value sits in the improvements, so building condition, age (~46 yrs), and rent roll drive the underwriting.
Submarket Position: At $652,002, 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 +10.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,092,597 by 2030, with an estimated annual tax burden around $19,780. 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 | 4,546 SF | ✗ |
| 1ST | 1st Floor | 2,273 SF | ✓ |
| 2ND | 2nd Floor | 2,273 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 224 SF | ✗ |
| 512 | DECK UNCOVRED | 224 SF | ✗ |
| 581 | STORAGE ATT | 48 SF | ✓ |
| 251 | BATHROOM | 7 SF | ✓ |
| 522 | FIREPLACE | 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% | $6,032.32 | $6,032.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,416.60 | $3,416.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,450.52 | $2,450.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $769.51 | $769.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $674.17 | $674.17 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,343.12 | $13,343.12 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $660,000 | $652,002 | +1.2% |
| Assessed Value | $660,000 | $652,002 | +1.2% |
| Land Value | $98,750 | $197,500 | -50.0% |
| Improvement Value | $561,250 | $454,502 | +23.5% |
| Taxable Value | $660,000 | $652,002 | +1.2% |
| Total Tax 2026 = estimate |
~$13,507
Estimated
|
~$13,343
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $778,694 | $660,000 | -118,694 (-15.2%) |
| Taxable Value | $778,694 | $660,000 | -118,694 (-15.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $660,000 | $98,750 | $561,250 | — | $660,000 | $660,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $652,002 | $197,500 | $454,502 | — | $652,002 | $652,002 | ~$13,343 | Partial |
| 2024 | $639,645 | — | — | −$441,645 | $198,000 | $— | $14,224 | Verified |
| 2023 | $641,972 | — | — | −$369,722 | $272,250 | $— | $11,573 | Verified |
| 2022 | $575,800 | — | — | −$303,550 | $272,250 | $— | $12,678 | Verified |
| 2021 | $431,400 | — | — | −$307,650 | $123,750 | $— | $12,533 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +19.4% | +19.4% | ~100% | Not available | Partial |
| 2025 | -9.2% | -9.2% | ~100% | Not available | Partial |
| 2024 | +12.2% | +12.2% | ~100% | 1.9800% | Verified |
| 2023 | -0.4% | -0.4% | ~100% | 1.8100% | Verified |
| 2022 | +11.5% | +11.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +13.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.2% | +9.5% | +10.6% | +33.5% | 2022 | -0.4% | 2024 |
| Assessment Ratio | 100.0% | 58.2% | — | 100.0% | 2025 | 28.7% | 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 |
$13,343 | $12,870 | ~$17,012 | $14,224 | 2024 | $11,573 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$722,921 | ~$717,202 | ~2.0139% | ~$14,444 | +10.9% |
| 2027 | ~$801,555 | ~$788,922 | ~1.9814% | ~$15,632 | +22.9% |
| 2028 | ~$888,742 | ~$867,815 | ~1.9488% | ~$16,912 | +36.3% |
| 2029 | ~$985,412 | ~$954,596 | ~1.9163% | ~$18,293 | +51.1% |
| 2030 | ~$1,092,597 | ~$1,050,056 | ~1.8837% | ~$19,780 | +67.6% |
| 2026 | ~$709,881 | ~$709,881 | ~2.0465% | ~$14,528 | +8.9% |
| 2027 | ~$772,899 | ~$772,899 | ~2.0465% | ~$15,817 | +18.5% |
| 2028 | ~$841,511 | ~$841,511 | ~2.0465% | ~$17,221 | +29.1% |
| 2029 | ~$916,213 | ~$916,213 | ~2.0465% | ~$18,750 | +40.5% |
| 2030 | ~$997,547 | ~$997,547 | ~2.0465% | ~$20,415 | +53.0% |
| 2026 | ~$735,962 | ~$717,202 | ~1.9977% | ~$14,327 | +12.9% |
| 2027 | ~$830,733 | ~$788,922 | ~1.9488% | ~$15,375 | +27.4% |
| 2028 | ~$937,708 | ~$867,815 | ~1.9000% | ~$16,489 | +43.8% |
| 2029 | ~$1,058,458 | ~$954,596 | ~1.8512% | ~$17,671 | +62.3% |
| 2030 | ~$1,194,758 | ~$1,050,056 | ~1.8024% | ~$18,926 | +83.2% |
In 2025, this property's market value of $652,002 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +25% 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 | $652,002 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $639,645 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $641,972 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $575,800 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $431,400 | $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.