1720 WELLS BRANCH PKWY TX 78728
| Owner | KNIGHTVEST MILAN APARTMENTS, LLC |
|---|---|
| Parcel ID | 0270230908 |
| Short ID | 273914 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 271,092 SF |
| Land SF | 664,856 SF |
| Acres | 15.263 |
| Year Built | 1996 |
| Legal | LOT 56 BLK A WELLS BRANCH PHS R SEC 3 |
| Neighborhood | 08NO2 |
| Land | $3,590,222 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,590,222 |
| Improvement | $46,619,778 |
|---|---|
| Total Improvement | $46,619,778 |
| Market | $50,210,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $50,210,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $50,210,000 |
| Taxable Value | $50,210,000 |
|---|
Appreciation: Market value has risen +35.8% from $36,960,000 (2021) to $50,210,000 (2025), a CAGR of 8.0% over 4 years. This represents moderate, steady growth. 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 6 taxing entities is 1.9640% in 2025 (+0.0338% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $986,141. Pflugerville ISD is the largest single contributor, at 56.4% 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 7% of market value ($3,590,222 land vs $46,619,778 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age (~30 yrs), and rent roll drive the underwriting.
Submarket Position: At $50,210,000, 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 +8.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $73,639,875 by 2030, with an estimated annual tax burden around $1,112,036. 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.
25 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 271,092 SF | ✗ |
| SO | Sketch Only | 258,877 SF | ✗ |
| 551 | PAVED AREA | 110,000 SF | ✗ |
| 2ND | 2nd Floor | 90,500 SF | ✓ |
| 3RD | 3rd Floor | 90,500 SF | ✓ |
| 1ST | 1st Floor | 90,092 SF | ✓ |
| 031C | GARAGE DET 1ST COMM | 22,756 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 22,408 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 21,616 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 21,616 SF | ✗ |
| 581C | STORAGE ATT COMM | 7,648 SF | ✓ |
| 611 | TERRACE | 3,411 SF | ✗ |
| 601 | POOL COMM'L | 1,650 SF | ✗ |
| 571C | STORAGE DET COMM | 302 SF | ✓ |
| MISC | Miscellaneous | 8 SF | ✓ |
| 133 | PLBG 5-FIXT SUP | 1 SF | ✓ |
| 143 | BATHTUB SUP | 1 SF | ✓ |
| 153 | COMMODE SUP | 1 SF | ✓ |
| 163 | LAVATORY SUP | 1 SF | ✓ |
| 183 | SINK SUP | 1 SF | ✓ |
| 193 | WATER HTR SUP | 1 SF | ✓ |
| 213 | URINAL SUP | 1 SF | ✓ |
| 223 | FOUNTAIN WTR SUP | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
| 539 | FENCE FV | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $523,010.25 | $523,010.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $177,586.76 | $177,586.76 | Paid |
| U32 Wells Branch MUD | 0.3350% | 0.2829% | 0.2570% | 0.2400% | 0.2400% | +0.0000% | $113,400.00 | $113,400.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $55,765.87 | $55,765.87 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $43,831.46 | $43,831.46 | Paid |
| E17 Travis County ESD #17 | 0.0450% | 0.0245% | 0.0230% | 0.0370% | 0.0305% | -0.0065% | $14,411.25 | $14,411.25 | Paid |
| Combined Rate | 2.3272% | 2.0689% | 1.8718% | 1.9302% | 1.9640% | +0.0338% | $928,005.59 | $928,005.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,200,000 | $50,210,000 | -10.0% |
| Assessed Value | $45,200,000 | $50,210,000 | -10.0% |
| Land Value | $3,590,222 | $3,590,222 | +0.0% |
| Improvement Value | $41,609,778 | $46,619,778 | -10.7% |
| Taxable Value | $45,200,000 | $50,210,000 | -10.0% |
| Total Tax 2026 = estimate |
~$887,743
Estimated
|
~$928,006
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $49,663,616 | $45,200,000 | -4,463,616 (-9.0%) |
| Taxable Value | $49,663,616 | $45,200,000 | -4,463,616 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $45,200,000 | $3,590,222 | $41,609,778 | — | $45,200,000 | $45,200,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $50,210,000 | $3,590,222 | $46,619,778 | — | $50,210,000 | $50,210,000 | ~$928,006 | Partial |
| 2024 | $48,300,000 | — | — | −$44,709,778 | $3,590,222 | $— | $943,778 | Verified |
| 2023 | $48,500,000 | — | — | −$44,909,778 | $3,590,222 | $— | $907,735 | Verified |
| 2022 | $38,860,000 | — | — | −$35,269,778 | $3,590,222 | $— | $953,705 | Verified |
| 2021 | $36,960,000 | — | — | −$33,369,778 | $3,590,222 | $— | $904,342 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.1% | -1.1% | ~100% | Not available | Partial |
| 2025 | -2.9% | -2.9% | ~100% | Not available | Partial |
| 2024 | -7.3% | -7.3% | ~100% | 1.8200% | Verified |
| 2023 | +15.1% | +15.1% | ~100% | 1.6300% | Verified |
| 2022 | +24.8% | +24.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.0% | +4.7% | +10.4% | +24.8% | 2023 | -10.0% | 2026 |
| Assessment Ratio | 100.0% | 38.9% | — | 100.0% | 2025 | 7.4% | 2023 |
| Effective Tax Rate (2025) | 1.8500% | 1.8500% | — | 1.8500% | 2025 | 1.8500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$928,006 | $927,513 | ~$1,066,275 | $953,705 | 2022 | $904,342 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$54,206,927 | ~$54,206,927 | ~1.8732% | ~$1,015,429 | +8.0% |
| 2027 | ~$58,522,026 | ~$58,522,026 | ~1.7825% | ~$1,043,132 | +16.6% |
| 2028 | ~$63,180,625 | ~$63,180,625 | ~1.6917% | ~$1,068,810 | +25.8% |
| 2029 | ~$68,210,068 | ~$68,210,068 | ~1.6009% | ~$1,091,966 | +35.8% |
| 2030 | ~$73,639,875 | ~$73,639,875 | ~1.5101% | ~$1,112,036 | +46.7% |
| 2026 | ~$53,202,727 | ~$53,202,727 | ~1.9640% | ~$1,044,919 | +6.0% |
| 2027 | ~$56,373,833 | ~$56,373,833 | ~1.9640% | ~$1,107,201 | +12.3% |
| 2028 | ~$59,733,950 | ~$59,733,950 | ~1.9640% | ~$1,173,194 | +19.0% |
| 2029 | ~$63,294,344 | ~$63,294,344 | ~1.9640% | ~$1,243,122 | +26.1% |
| 2030 | ~$67,066,953 | ~$67,066,953 | ~1.9640% | ~$1,317,217 | +33.6% |
| 2026 | ~$55,211,127 | ~$55,211,127 | ~1.8279% | ~$1,009,178 | +10.0% |
| 2027 | ~$60,710,387 | ~$60,710,387 | ~1.6917% | ~$1,027,022 | +20.9% |
| 2028 | ~$66,757,396 | ~$66,757,396 | ~1.5555% | ~$1,038,407 | +33.0% |
| 2029 | ~$73,406,713 | ~$73,406,713 | ~1.4193% | ~$1,041,872 | +46.2% |
| 2030 | ~$80,718,330 | ~$80,718,330 | ~1.2831% | ~$1,035,725 | +60.8% |
In 2025, this property's market value of $50,210,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 97× 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 | $50,210,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $48,300,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $48,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $38,860,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $36,960,000 | $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.