308 CEDARBROOK CT TX 78702
| Owner | CITY OF AUSTIN |
|---|---|
| Parcel ID | 0252200201 |
| Short ID | 503145 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 9,001 SF |
| Acres | 0.207 |
| Year Built | — |
| Legal | LOT 27 BLK F OAK RIDGE SEC 3 |
| Neighborhood | W3000 |
| Land | $287,228 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $287,228 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $287,228 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $287,228 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $287,228 |
| Taxable Value | $287,228 |
|---|
Appreciation: Market value has risen +206.4% from $93,750 (2021) to $287,228 (2025), a CAGR of 32.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant market over the same period.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($287,228 land vs $0 improvements), about $32/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $287,228, this parcel sits in the upper-middle (50th–75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +32.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,164,250 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.
Market value changed by 120% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $143,614 | $287,228 | -50.0% |
| Assessed Value | $143,614 | $287,228 | -50.0% |
| Land Value | $143,614 | $287,228 | -50.0% |
| Improvement Value | — | — | — |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $143,614 | $143,614 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $143,614 | $143,614 | — | — | $143,614 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $287,228 | $287,228 | — | — | $287,228 | $— | not in county billing file ⓘ | Partial |
| 2024 | $— | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $— | — | — | — | $206,250 | $— | $3,263 | Verified |
| 2022 | $— | — | — | — | $206,250 | $— | $4,073 | Verified |
| 2021 | $93,750 | — | — | — | $93,750 | $— | $2,041 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -50.0% | -50.0% | ~100% | Not available | Partial |
| 2025 | +4.4% | +4.4% | ~100% | Not available | Partial |
| 2024 | +33.3% | +33.3% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.5800% | Verified |
| 2022 | +120.0% ! | +120.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +206.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -50.0% | +78.2% | +58.8% | +206.4% | 2025 | -50.0% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $2,041 | $2,041 | — | $2,041 | 2021 | $2,041 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$380,006 | ~$380,006 | ~0.0000% | ~$0 | +32.3% |
| 2027 | ~$502,753 | ~$502,753 | ~0.0000% | ~$0 | +75.0% |
| 2028 | ~$665,148 | ~$665,148 | ~0.0000% | ~$0 | +131.6% |
| 2029 | ~$879,999 | ~$879,999 | ~0.0000% | ~$0 | +206.4% |
| 2030 | ~$1,164,250 | ~$1,164,250 | ~0.0000% | ~$0 | +305.3% |
| 2026 | ~$374,262 | ~$374,262 | ~0.0000% | ~$0 | +30.3% |
| 2027 | ~$487,667 | ~$487,667 | ~0.0000% | ~$0 | +69.8% |
| 2028 | ~$635,437 | ~$635,437 | ~0.0000% | ~$0 | +121.2% |
| 2029 | ~$827,982 | ~$827,982 | ~0.0000% | ~$0 | +188.3% |
| 2030 | ~$1,078,870 | ~$1,078,870 | ~0.0000% | ~$0 | +275.6% |
| 2026 | ~$385,751 | ~$385,751 | ~0.0000% | ~$0 | +34.3% |
| 2027 | ~$518,068 | ~$518,068 | ~0.0000% | ~$0 | +80.4% |
| 2028 | ~$695,772 | ~$695,772 | ~0.0000% | ~$0 | +142.2% |
| 2029 | ~$934,430 | ~$934,430 | ~0.0000% | ~$0 | +225.3% |
| 2030 | ~$1,254,951 | ~$1,254,951 | ~0.0000% | ~$0 | +336.9% |
In 2025, this property's market value of $287,228 places it in the 50th–75th percentile for Land/Vacant properties in Travis County (35611 comparable) — 3× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $287,228 | $24,862 | $85,028 | $363,420 | ↑ Above median | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $93,750 | $6,000 | $14,480 | $80,000 | ↑ Top 25% | base yr |