1506 EAST SIDE DR TX 78704
| Owner | PORTER GREGORY C |
|---|---|
| Parcel ID | 0301021002 |
| Short ID | 282975 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,146 SF |
| Land SF | 15,793 SF |
| Acres | 0.363 |
| Year Built | 1949 |
| Legal | LOT 2 BLK 12R & TRI OF BLK 125 FAIRVIEW PARK PLUS ADJ PT OF VAC E SIDE DR |
| Neighborhood | K4005 |
| Land | $838,562 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $838,562 |
| Improvement | $123,415 |
|---|---|
| Total Improvement | $123,415 |
| Market | $961,977 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $961,977 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $961,977 |
| Taxable Value | $961,977 |
|---|
Appreciation: Market value has risen +17.1% from $821,841 (2021) to $961,977 (2025), a CAGR of 4.0% 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 $19,687. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 87% of market value ($838,562 land vs $123,415 improvements), about $53/SF of land. With value concentrated in the land under a ~77-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $961,977, 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 +4.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,171,213 by 2030, with an estimated annual tax burden around $22,063. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,146 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 990 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 718 SF | ✗ |
| 031 | GARAGE DET 1ST F | 324 SF | ✓ |
| 251 | BATHROOM | 4 SF | ✓ |
| 522 | FIREPLACE | 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% | $8,900.21 | $8,900.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,040.92 | $5,040.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,615.54 | $3,615.54 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,135.35 | $1,135.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $994.68 | $994.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,686.70 | $19,686.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $976,911 | $961,977 | +1.6% |
| Assessed Value | $976,911 | $961,977 | +1.6% |
| Land Value | $838,562 | $838,562 | +0.0% |
| Improvement Value | $138,349 | $123,415 | +12.1% |
| Taxable Value | $976,911 | $961,977 | +1.6% |
| Total Tax 2026 = estimate |
~$19,992
Estimated
|
~$19,687
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $976,911 | $976,911 | +0 (+0.0%) |
| Taxable Value | $976,911 | $976,911 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $976,911 | $838,562 | $138,349 | — | $976,911 | $976,911 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $961,977 | $838,562 | $123,415 | — | $961,977 | $961,977 | ~$19,687 | Partial |
| 2024 | $1,100,000 | — | — | — | $1,100,000 | $— | $21,800 | Verified |
| 2023 | $1,093,750 | — | — | −$13,750 | $1,080,000 | $— | $19,902 | Verified |
| 2022 | $875,000 | — | — | — | $1,080,000 ! | $— | $21,601 | Verified |
| 2021 | $821,841 | — | — | −$214,341 | $607,500 | $— | $19,046 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.6% | +1.6% | ~100% | Not available | Partial |
| 2025 | -12.5% | -12.5% | ~100% | Not available | Partial |
| 2024 | -40.4% | -40.4% | ~100% | 1.9800% | Verified |
| 2023 | +68.6% | +68.6% | ~100% | 1.0800% | Verified |
| 2022 | +25.0% | +25.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.6% | +4.2% | +3.7% | +25.0% | 2023 | -12.5% | 2025 |
| Assessment Ratio | 100.0% | 99.3% | — | 123.4% | 2022 | 73.9% | 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 |
$19,687 | $20,407 | ~$21,102 | $21,800 | 2024 | $19,046 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,000,596 | ~$1,000,596 | ~2.0139% | ~$20,151 | +4.0% |
| 2027 | ~$1,040,766 | ~$1,040,766 | ~1.9814% | ~$20,622 | +8.2% |
| 2028 | ~$1,082,548 | ~$1,082,548 | ~1.9488% | ~$21,097 | +12.5% |
| 2029 | ~$1,126,008 | ~$1,126,008 | ~1.9163% | ~$21,578 | +17.1% |
| 2030 | ~$1,171,213 | ~$1,171,213 | ~1.8837% | ~$22,063 | +21.8% |
| 2026 | ~$981,357 | ~$981,357 | ~2.0465% | ~$20,083 | +2.0% |
| 2027 | ~$1,001,127 | ~$1,001,127 | ~2.0465% | ~$20,488 | +4.1% |
| 2028 | ~$1,021,296 | ~$1,021,296 | ~2.0465% | ~$20,901 | +6.2% |
| 2029 | ~$1,041,870 | ~$1,041,870 | ~2.0465% | ~$21,322 | +8.3% |
| 2030 | ~$1,062,860 | ~$1,062,860 | ~2.0465% | ~$21,751 | +10.5% |
| 2026 | ~$1,019,836 | ~$1,019,836 | ~1.9977% | ~$20,373 | +6.0% |
| 2027 | ~$1,081,175 | ~$1,081,175 | ~1.9488% | ~$21,070 | +12.4% |
| 2028 | ~$1,146,203 | ~$1,146,203 | ~1.9000% | ~$21,778 | +19.2% |
| 2029 | ~$1,215,142 | ~$1,215,142 | ~1.8512% | ~$22,495 | +26.3% |
| 2030 | ~$1,288,228 | ~$1,288,228 | ~1.8024% | ~$23,219 | +33.9% |
In 2025, this property's market value of $961,977 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +85% 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 | $961,977 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,100,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,093,750 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $875,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $821,841 | $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.