5700 E RIVERSIDE DR TX 78741
| Owner | SE ZOEY LLC |
|---|---|
| Parcel ID | 0306120601 |
| Short ID | 864515 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 231,634 SF |
| Land SF | 121,170 SF |
| Acres | 2.782 |
| Year Built | — |
| Legal | 2.7817AC OF LOT 1 PENICK PLACE AMD LOTS 9A & 14A |
| Neighborhood | 08SE |
| Land | $1,817,545 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,817,545 |
| Improvement | $67,312,455 |
|---|---|
| Total Improvement | $67,312,455 |
| Market | $69,130,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $69,130,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $69,130,000 |
| Taxable Value | $69,130,000 |
|---|
| Total Due | $571.87 |
|---|---|
| First Delinquent | 2019 |
Appreciation: Market value has risen +3703.5% from $1,817,545 (2021) to $69,130,000 (2025), a CAGR of 148.3% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $1,414,735. 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 3% of market value ($1,817,545 land vs $67,312,455 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $69,130,000, 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 +148.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,529,700,890 by 2030, with an estimated annual tax burden around $123,002,751. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $571.87 in unpaid taxes since 2019. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 231,634 SF | ✓ |
Market value changed by 253% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
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% | $607,675.26 | $607,675.26 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $344,176.58 | $344,176.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $246,856.58 | $246,856.58 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $77,518.00 | $77,518.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $67,913.56 | $67,913.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,344,139.98 | $1,344,139.98 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $55,370,000 | $69,130,000 | -19.9% |
| Assessed Value | $55,370,000 | $69,130,000 | -19.9% |
| Land Value | $1,817,545 | $1,817,545 | +0.0% |
| Improvement Value | $53,552,455 | $67,312,455 | -20.4% |
| Taxable Value | $55,370,000 | $69,130,000 | -19.9% |
| Total Tax 2026 = estimate |
~$1,133,139
Estimated
|
~$1,344,140
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $66,117,995 | $55,370,000 | -10,747,995 (-16.3%) |
| Taxable Value | $66,117,995 | $55,370,000 | -10,747,995 (-16.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $55,370,000 | $1,817,545 | $53,552,455 | — | $55,370,000 | $55,370,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $69,130,000 | $1,817,545 | $67,312,455 | — | $69,130,000 | $69,130,000 | ~$1,344,140 | Partial |
| 2024 | $87,520,000 | — | — | −$85,702,455 | $1,817,545 | $— | $1,470,777 | Verified |
| 2023 | $69,700,000 | — | — | −$67,882,455 | $1,817,545 | $— | $1,542,055 | Verified |
| 2022 | $20,894,218 | — | — | −$19,076,673 | $1,817,545 | $— | $1,380,568 | Verified |
| 2021 | $1,817,545 | — | — | — | $1,817,545 | $— | $454,800 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.4% | -4.4% | ~100% | Not available | Partial |
| 2025 | -11.6% | -11.6% | ~100% | Not available | Partial |
| 2024 | -10.7% | -10.7% | ~100% | 1.8800% | Verified |
| 2023 | +18.6% | +18.6% | ~100% | 1.7600% | Verified |
| 2022 | +253.2% ! | +253.2% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 25.0200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +230.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.9% | +253.6% | +160.7% | +1049.6% | 2022 | -21.0% | 2025 |
| Assessment Ratio | 100.0% | 52.2% | — | 100.0% | 2021 | 2.1% | 2024 |
| Effective Tax Rate (2025) | 1.9400% | 1.9400% | — | 1.9400% | 2025 | 1.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,344,140 | $1,238,468 | ~$41,185,481 | $1,542,055 | 2023 | $454,800 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$171,676,916 | ~$171,676,916 | ~2.0139% | ~$3,457,464 | +148.3% |
| 2027 | ~$426,341,147 | ~$426,341,147 | ~1.9814% | ~$8,447,472 | +516.7% |
| 2028 | ~$1,058,772,360 | ~$1,058,772,360 | ~1.9488% | ~$20,633,774 | +1431.6% |
| 2029 | ~$2,629,347,224 | ~$2,629,347,224 | ~1.9163% | ~$50,385,944 | +3703.5% |
| 2030 | ~$6,529,700,890 | ~$6,529,700,890 | ~1.8837% | ~$123,002,751 | +9345.5% |
| 2026 | ~$170,294,316 | ~$170,294,316 | ~2.0465% | ~$3,485,048 | +146.3% |
| 2027 | ~$419,501,722 | ~$419,501,722 | ~2.0465% | ~$8,585,040 | +506.8% |
| 2028 | ~$1,033,397,351 | ~$1,033,397,351 | ~2.0465% | ~$21,148,322 | +1394.9% |
| 2029 | ~$2,545,663,171 | ~$2,545,663,171 | ~2.0465% | ~$52,096,615 | +3582.4% |
| 2030 | ~$6,270,967,286 | ~$6,270,967,286 | ~2.0465% | ~$128,334,405 | +8971.3% |
| 2026 | ~$173,059,516 | ~$173,059,516 | ~1.9977% | ~$3,457,145 | +150.3% |
| 2027 | ~$433,235,876 | ~$433,235,876 | ~1.9488% | ~$8,443,072 | +526.7% |
| 2028 | ~$1,084,559,395 | ~$1,084,559,395 | ~1.9000% | ~$20,606,810 | +1468.9% |
| 2029 | ~$2,715,077,736 | ~$2,715,077,736 | ~1.8512% | ~$50,261,356 | +3827.5% |
| 2030 | ~$6,796,904,946 | ~$6,796,904,946 | ~1.8024% | ~$122,505,461 | +9732.1% |
In 2025, this property's market value of $69,130,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 133× 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 | $69,130,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $87,520,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $69,700,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $20,894,218 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,817,545 | $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.