1020 GROVE BLVD TX 78741
| Owner | AUSTIN COMMUNITY COLLEGE |
|---|---|
| Parcel ID | 0307110114 |
| Short ID | 287816 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 6,034,933 SF |
| Acres | 138.543 |
| Year Built | — |
| Legal | ABS 24 DELVALLE S ACR 96.845 (NON-EXEMPT) |
| Neighborhood | 92SEA |
| Land | $32,412,887 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $32,412,887 |
| Improvement | $936,000 |
|---|---|
| Total Improvement | $936,000 |
| Market | $33,348,887 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $33,348,887 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $33,348,887 |
| Taxable Value | $33,348,887 |
|---|
Appreciation: Market value has risen +163.5% from $12,657,372 (2021) to $33,348,887 (2025), a CAGR of 27.4% over 4 years. 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 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 97% of market value ($32,412,887 land vs $936,000 improvements), about $5/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 $33,348,887, this parcel sits in the top quartile (≥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 +27.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $111,944,715 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 348 | GOLF COURSE | 18 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 287816 | AUSTIN COMMUNITY COLLEGE | 1020 GROVE BLVD 78741 | $11,834,189 | $11,834,189 | $0 |
| 287817 | AUSTIN COMMUNITY COLLEGE | 1020 GROVE BLVD 78741 | $21,514,698 | $21,514,698 | $0 |
Market value changed by 93% 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 | $33,348,887 | $33,348,887 | +0.0% |
| Assessed Value | $33,348,887 | $33,348,887 | +0.0% |
| Land Value | $32,412,887 | $32,412,887 | +0.0% |
| Improvement Value | $936,000 | $936,000 | +0.0% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $33,348,887 | $33,348,887 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $33,348,887 | $32,412,887 | $936,000 | — | $33,348,887 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $33,348,887 | $32,412,887 | $936,000 | — | $33,348,887 | $— | not in county billing file ⓘ | Partial |
| 2024 | $11,834,189 | — | — | — | $21,514,698 ! | $— | $21,794 | Verified |
| 2023 | $11,834,189 | — | — | −$11,011,006 | $823,183 | $— | $812 | Verified |
| 2022 | $11,834,189 | — | — | −$11,011,006 | $823,183 | $— | $812 | Verified |
| 2021 | $12,657,372 | — | — | −$11,834,189 | $823,183 | $— | $863 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +2513.6% ! | +2513.6% | ~100% | 0.0700% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 0.0100% | Verified |
| 2022 | -93.0% ! | -93.0% | ~100% | 0.0100% | Verified |
| 2021 | base year | — | ~100% | 0.0100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +81.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +35.1% | +27.4% | +181.8% | 2025 | -6.5% | 2022 |
| Assessment Ratio | 100.0% | 67.0% | — | 181.8% | 2024 | 6.5% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $21,794 | $6,070 | — | $21,794 | 2024 | $812 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$42,487,952 | ~$42,487,952 | ~0.0000% | ~$0 | +27.4% |
| 2027 | ~$54,131,523 | ~$54,131,523 | ~0.0000% | ~$0 | +62.3% |
| 2028 | ~$68,965,945 | ~$68,965,945 | ~0.0000% | ~$0 | +106.8% |
| 2029 | ~$87,865,654 | ~$87,865,654 | ~0.0000% | ~$0 | +163.5% |
| 2030 | ~$111,944,715 | ~$111,944,715 | ~0.0000% | ~$0 | +235.7% |
| 2026 | ~$41,820,974 | ~$41,820,974 | ~0.0000% | ~$0 | +25.4% |
| 2027 | ~$52,445,344 | ~$52,445,344 | ~0.0000% | ~$0 | +57.3% |
| 2028 | ~$65,768,773 | ~$65,768,773 | ~0.0000% | ~$0 | +97.2% |
| 2029 | ~$82,476,939 | ~$82,476,939 | ~0.0000% | ~$0 | +147.3% |
| 2030 | ~$103,429,717 | ~$103,429,717 | ~0.0000% | ~$0 | +210.1% |
| 2026 | ~$43,154,929 | ~$43,154,929 | ~0.0000% | ~$0 | +29.4% |
| 2027 | ~$55,844,380 | ~$55,844,380 | ~0.0000% | ~$0 | +67.5% |
| 2028 | ~$72,265,089 | ~$72,265,089 | ~0.0000% | ~$0 | +116.7% |
| 2029 | ~$93,514,210 | ~$93,514,210 | ~0.0000% | ~$0 | +180.4% |
| 2030 | ~$121,011,509 | ~$121,011,509 | ~0.0000% | ~$0 | +262.9% |
In 2025, this property's market value of $33,348,887 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 392× 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 | $33,348,887 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $11,834,189 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $11,834,189 | $25,000 | $71,500 | $271,439 | ↑ Top 25% | +0.0% |
| 2022 | $11,834,189 | $15,000 | $55,000 | $180,463 | ↑ Top 25% | +100.0% |
| 2021 | $12,657,372 | $6,000 | $14,480 | $80,000 | ↑ Top 25% | base yr |