705 OLYMPIC DR B 78660
| Owner | BRIO PHASE 1 LP |
|---|---|
| Parcel ID | 0266401303 |
| Short ID | 974442 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 317,000 SF |
| Land SF | 790,694 SF |
| Acres | 18.152 |
| Year Built | 2023 |
| Legal | OLYMPIC CROSSING MASTER CONDOMINIUMS UNT B PLUS 84.2 % INT IN COM AREA |
| Neighborhood | NE2 |
| Land | $2,372,082 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,372,082 |
| Improvement | $69,147,918 |
|---|---|
| Total Improvement | $69,147,918 |
| Market | $71,520,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $71,520,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $71,520,000 |
| Taxable Value | $71,520,000 |
|---|
Appreciation: Market value has risen +123.9% from $31,937,721 (2024) to $71,520,000 (2025), a CAGR of 123.9% over 1 year. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 fell -7.9%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2285% in 2025 (+0.0325% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,593,847. Pflugerville ISD is the largest single contributor, at 49.7% 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 3% of market value ($2,372,082 land vs $69,147,918 improvements), about $3/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $71,520,000, 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 +123.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,027,591,553 by 2030, with an estimated annual tax burden around $2,271,826. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 317,000 SF | ✓ |
Market value changed by 3020% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $708,416.00 | $708,416.00 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $342,400.00 | $342,400.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $240,540.80 | $240,540.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $75,534.72 | $75,534.72 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $59,369.60 | $59,369.60 | Paid |
| Combined Rate | 2.4335% | 2.2428% | 2.1280% | 2.1960% | 2.2285% | +0.0325% | $1,426,261.12 | $1,426,261.12 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $61,140,000 | $71,520,000 | -14.5% |
| Assessed Value | $61,140,000 | $71,520,000 | -14.5% |
| Land Value | $2,372,082 | $2,372,082 | +0.0% |
| Improvement Value | $58,767,918 | $69,147,918 | -15.0% |
| Taxable Value | $61,140,000 | $71,520,000 | -14.5% |
| Total Tax 2026 = estimate |
~$1,362,525
Estimated
|
~$1,426,261
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $68,581,237 | $61,140,000 | -7,441,237 (-10.9%) |
| Taxable Value | $68,581,237 | $61,140,000 | -7,441,237 (-10.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $61,140,000 | $2,372,082 | $58,767,918 | — | $61,140,000 | $61,140,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $71,520,000 | $2,372,082 | $69,147,918 | — | $71,520,000 | $71,520,000 | ~$1,426,261 | Partial |
| 2024 | $31,937,721 | — | — | −$29,565,639 | $2,372,082 | $— | $1,477,902 | Verified |
| 2023 | $— | — | — | — | $2,372,082 | $— | $656,795 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.1% | -4.1% | ~100% | Not available | Partial |
| 2025 | -3.4% | -3.4% | ~100% | Not available | Partial |
| 2024 | +3019.6% ! | +3019.6% | ~100% | 2.0000% | Verified |
| 2023 | base year | — | ~100% | 27.6900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2915.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.5% | +54.7% | +131.5% | +123.9% | 2025 | -14.5% | 2026 |
| Assessment Ratio | 100.0% | 69.1% | — | 100.0% | 2025 | 7.4% | 2024 |
| Effective Tax Rate (2025) | 1.9900% | 1.9900% | — | 1.9900% | 2025 | 1.9900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,426,261 | $1,452,082 | ~$1,983,732 | $1,477,902 | 2024 | $1,426,261 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$160,158,904 | ~$78,672,000 | ~2.1773% | ~$1,712,923 | +123.9% |
| 2027 | ~$358,653,169 | ~$86,539,200 | ~2.1261% | ~$1,839,875 | +401.5% |
| 2028 | ~$803,152,943 | ~$95,193,120 | ~2.0748% | ~$1,975,089 | +1023.0% |
| 2029 | ~$1,798,547,194 | ~$104,712,432 | ~2.0236% | ~$2,118,947 | +2414.7% |
| 2030 | ~$4,027,591,553 | ~$115,183,675 | ~1.9724% | ~$2,271,826 | +5531.4% |
| 2026 | ~$158,728,504 | ~$78,672,000 | ~2.2285% | ~$1,753,231 | +121.9% |
| 2027 | ~$352,275,420 | ~$86,539,200 | ~2.2285% | ~$1,928,555 | +392.6% |
| 2028 | ~$781,825,371 | ~$95,193,120 | ~2.2285% | ~$2,121,410 | +993.2% |
| 2029 | ~$1,735,150,612 | ~$104,712,432 | ~2.2285% | ~$2,333,551 | +2326.1% |
| 2030 | ~$3,850,920,881 | ~$115,183,675 | ~2.2285% | ~$2,566,906 | +5284.4% |
| 2026 | ~$161,589,304 | ~$78,672,000 | ~2.1517% | ~$1,692,768 | +125.9% |
| 2027 | ~$365,088,133 | ~$86,539,200 | ~2.0748% | ~$1,795,536 | +410.5% |
| 2028 | ~$824,864,896 | ~$95,193,120 | ~1.9980% | ~$1,901,929 | +1053.3% |
| 2029 | ~$1,863,665,333 | ~$104,712,432 | ~1.9211% | ~$2,011,645 | +2505.8% |
| 2030 | ~$4,210,687,704 | ~$115,183,675 | ~1.8443% | ~$2,124,286 | +5787.4% |
In 2025, this property's market value of $71,520,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 138× 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 | $71,520,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $31,937,721 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
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.