2511 W BRAKER LN TX 78758
| Owner | GREF COPELAND LP |
|---|---|
| Parcel ID | 0252080706 |
| Short ID | 547967 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 237,396 SF |
| Acres | 5.450 |
| Year Built | — |
| Legal | 5.4499AC OF LOT 1A BLK A BRAKER AT BURNET SEC 3 RESUB OF |
| Neighborhood | 08NO |
| Land | $16,142,928 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $16,142,928 |
| Improvement | $63,857,072 |
|---|---|
| Total Improvement | $63,857,072 |
| Market | $80,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $80,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $80,000,000 |
| Taxable Value | $80,000,000 |
|---|
| Total Due | $18,957.43 |
|---|---|
| First Delinquent | 2016 |
Appreciation: Market value has risen +10.7% from $72,250,000 (2021) to $80,000,000 (2025), a CAGR of 2.6% over 4 years. Growth has been relatively flat for this asset class. 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 $1,637,188. 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 20% of market value ($16,142,928 land vs $63,857,072 improvements), about $68/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $80,000,000, 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 +2.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $90,866,784 by 2030, with an estimated annual tax burden around $1,711,696. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $18,957.43 in unpaid taxes since 2016. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 244,809 SF | ✓ |
| 187 | PARKING GARAGE | 50,000 SF | ✓ |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $740,160.00 | $740,160.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $419,213.60 | $419,213.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $300,676.00 | $300,676.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $94,418.40 | $94,418.40 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $82,720.00 | $82,720.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,637,188.00 | $1,637,188.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $64,240,000 | $80,000,000 | -19.7% |
| Assessed Value | $64,240,000 | $80,000,000 | -19.7% |
| Land Value | $16,142,928 | $16,142,928 | +0.0% |
| Improvement Value | $48,097,072 | $63,857,072 | -24.7% |
| Taxable Value | $64,240,000 | $80,000,000 | -19.7% |
| Total Tax 2026 = estimate |
~$1,314,662
Estimated
|
~$1,637,188
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $76,283,078 | $64,240,000 | -12,043,078 (-15.8%) |
| Taxable Value | $76,283,078 | $64,240,000 | -12,043,078 (-15.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $64,240,000 | $16,142,928 | $48,097,072 | — | $64,240,000 | $64,240,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $80,000,000 | $16,142,928 | $63,857,072 | — | $80,000,000 | $80,000,000 | ~$1,637,188 | Partial |
| 2024 | $100,000,000 | — | — | −$83,857,072 | $16,142,928 | $— | $1,765,202 | Verified |
| 2023 | $99,925,342 | — | — | −$83,782,414 | $16,142,928 | $— | $1,814,680 | Verified |
| 2022 | $68,600,000 | — | — | −$60,291,140 | $8,308,860 | $— | $1,973,449 | Verified |
| 2021 | $72,250,000 | — | — | −$63,941,140 | $8,308,860 | $— | $1,493,202 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.6% | -4.6% | ~100% | Not available | Partial |
| 2025 | -10.2% | -10.2% | ~100% | Not available | Partial |
| 2024 | -19.4% | -19.4% | ~100% | 1.9800% | Verified |
| 2023 | +10.6% | +10.6% | ~100% | 1.6400% | Verified |
| 2022 | +45.7% | +45.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.7% | +0.2% | +7.6% | +45.7% | 2023 | -20.0% | 2025 |
| Assessment Ratio | 100.0% | 42.6% | — | 100.0% | 2025 | 11.5% | 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 |
$1,637,188 | $1,736,744 | ~$1,682,548 | $1,973,449 | 2022 | $1,493,202 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$82,064,064 | ~$82,064,064 | ~2.0139% | ~$1,652,718 | +2.6% |
| 2027 | ~$84,181,383 | ~$84,181,383 | ~1.9814% | ~$1,667,960 | +5.2% |
| 2028 | ~$86,353,330 | ~$86,353,330 | ~1.9488% | ~$1,682,888 | +7.9% |
| 2029 | ~$88,581,315 | ~$88,581,315 | ~1.9163% | ~$1,697,476 | +10.7% |
| 2030 | ~$90,866,784 | ~$90,866,784 | ~1.8837% | ~$1,711,696 | +13.6% |
| 2026 | ~$80,464,064 | ~$80,464,064 | ~2.0465% | ~$1,646,685 | +0.6% |
| 2027 | ~$80,930,820 | ~$80,930,820 | ~2.0465% | ~$1,656,237 | +1.2% |
| 2028 | ~$81,400,284 | ~$81,400,284 | ~2.0465% | ~$1,665,845 | +1.8% |
| 2029 | ~$81,872,471 | ~$81,872,471 | ~2.0465% | ~$1,675,508 | +2.3% |
| 2030 | ~$82,347,396 | ~$82,347,396 | ~2.0465% | ~$1,685,227 | +2.9% |
| 2026 | ~$83,664,064 | ~$83,664,064 | ~1.9977% | ~$1,671,325 | +4.6% |
| 2027 | ~$87,495,945 | ~$87,495,945 | ~1.9488% | ~$1,705,156 | +9.4% |
| 2028 | ~$91,503,330 | ~$91,503,330 | ~1.9000% | ~$1,738,579 | +14.4% |
| 2029 | ~$95,694,255 | ~$95,694,255 | ~1.8512% | ~$1,771,486 | +19.6% |
| 2030 | ~$100,077,129 | ~$100,077,129 | ~1.8024% | ~$1,803,761 | +25.1% |
In 2025, this property's market value of $80,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 154× 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 | $80,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $100,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $99,925,342 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $68,600,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $72,250,000 | $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.