1600 WICKERSHAM LN TX 78741
| Owner | BP RIVERSIDE WEST LLC |
|---|---|
| Parcel ID | 0307110502 |
| Short ID | 287990 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 264,744 SF |
| Land SF | 833,216 SF |
| Acres | 19.128 |
| Year Built | 1998 |
| Legal | LOT 5-9 BLK A PARKE GREEN SUBD |
| Neighborhood | 08SH |
| Land | $33,745,235 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $33,745,235 |
| Improvement | $13,254,765 |
|---|---|
| Total Improvement | $13,254,765 |
| Market | $47,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $47,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $47,000,000 |
| Taxable Value | $47,000,000 |
|---|
Appreciation: Market value has risen +37.6% from $34,146,800 (2021) to $47,000,000 (2025), a CAGR of 8.3% 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 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 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $972,987. Del Valle ISD is the largest single contributor, at 45.8% 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 72% of market value ($33,745,235 land vs $13,254,765 improvements), about $40/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 $47,000,000, 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 +8.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $70,070,089 by 2030, with an estimated annual tax burden around $1,234,420. 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.
27 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 264,744 SF | ✗ |
| SO | Sketch Only | 177,841 SF | ✗ |
| 551 | PAVED AREA | 103,000 SF | ✗ |
| 1ST | 1st Floor | 90,051 SF | ✓ |
| 3RD | 3rd Floor | 88,189 SF | ✓ |
| 2ND | 2nd Floor | 86,504 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 21,547 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 21,008 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 21,008 SF | ✗ |
| 611 | TERRACE | 13,115 SF | ✗ |
| 412 | TENNIS COURT | 11,880 SF | ✗ |
| 450 | SPORT COURT | 5,600 SF | ✗ |
| 581C | STORAGE ATT COMM | 3,357 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 1,944 SF | ✗ |
| 601 | POOL COMM'L | 1,200 SF | ✗ |
| 571C | STORAGE DET COMM | 640 SF | ✓ |
| 482 | LIGHT POLES | 48 SF | ✓ |
| MISC | Miscellaneous | 5 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 212 | URINAL AVG | 1 SF | ✓ |
| 222 | FOUNTAIN WTR AVG | 1 SF | ✓ |
| 447C | SPA CON COMM | 1 SF | ✗ |
| 549 | FENCE COMM 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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $412,771.50 | $412,771.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $227,947.40 | $227,947.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $163,492.58 | $163,492.58 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $51,340.01 | $51,340.01 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $44,979.00 | $44,979.00 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $900,530.49 | $900,530.49 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $46,640,000 | $47,000,000 | -0.8% |
| Assessed Value | $46,640,000 | $47,000,000 | -0.8% |
| Land Value | $33,745,235 | $33,745,235 | +0.0% |
| Improvement Value | $12,894,765 | $13,254,765 | -2.7% |
| Taxable Value | $46,640,000 | $47,000,000 | -0.8% |
| Total Tax 2026 = estimate |
~$965,534
Estimated
|
~$900,530
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $46,640,000 | $46,640,000 | +0 (+0.0%) |
| Taxable Value | $46,640,000 | $46,640,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $46,640,000 | $33,745,235 | $12,894,765 | — | $46,640,000 | $46,640,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $47,000,000 | $33,745,235 | $13,254,765 | — | $47,000,000 | $47,000,000 | ~$900,530 | Partial |
| 2024 | $34,681,116 | — | — | −$935,881 | $33,745,235 | $— | $732,903 | Verified |
| 2023 | $39,640,000 | — | — | −$5,894,765 | $33,745,235 | $— | $664,538 | Verified |
| 2022 | $40,356,819 | — | — | −$6,611,584 | $33,745,235 | $— | $857,383 | Verified |
| 2021 | $34,146,800 | — | — | −$401,564 | $33,745,236 | $— | $893,983 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.8% | -0.8% | ~100% | Not available | Partial |
| 2025 | +21.4% | +21.4% | ~100% | Not available | Partial |
| 2024 | +11.6% | +11.6% | ~100% | 1.8900% | Verified |
| 2023 | -12.5% | -12.5% | ~100% | 1.9200% | Verified |
| 2022 | -1.8% | -1.8% | ~100% | 2.1600% | Verified |
| 2021 | base year | — | ~100% | 2.6200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.8% | +7.7% | +8.5% | +35.5% | 2025 | -12.5% | 2024 |
| Assessment Ratio | 100.0% | 94.1% | — | 100.0% | 2025 | 83.6% | 2022 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$900,530 | $809,867 | ~$1,127,164 | $900,530 | 2025 | $664,538 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$50,907,857 | ~$50,907,857 | ~2.0085% | ~$1,022,477 | +8.3% |
| 2027 | ~$55,140,637 | ~$55,140,637 | ~1.9468% | ~$1,073,471 | +17.3% |
| 2028 | ~$59,725,355 | ~$59,725,355 | ~1.8851% | ~$1,125,876 | +27.1% |
| 2029 | ~$64,691,274 | ~$64,691,274 | ~1.8234% | ~$1,179,575 | +37.6% |
| 2030 | ~$70,070,089 | ~$70,070,089 | ~1.7617% | ~$1,234,420 | +49.1% |
| 2026 | ~$49,967,857 | ~$49,967,857 | ~2.0702% | ~$1,034,427 | +6.3% |
| 2027 | ~$53,123,123 | ~$53,123,123 | ~2.0702% | ~$1,099,747 | +13.0% |
| 2028 | ~$56,477,631 | ~$56,477,631 | ~2.0702% | ~$1,169,191 | +20.2% |
| 2029 | ~$60,043,962 | ~$60,043,962 | ~2.0702% | ~$1,243,021 | +27.8% |
| 2030 | ~$63,835,492 | ~$63,835,492 | ~2.0702% | ~$1,321,513 | +35.8% |
| 2026 | ~$51,847,857 | ~$51,700,000 | ~1.9776% | ~$1,022,438 | +10.3% |
| 2027 | ~$57,195,752 | ~$56,870,000 | ~1.8851% | ~$1,072,050 | +21.7% |
| 2028 | ~$63,095,259 | ~$62,557,000 | ~1.7925% | ~$1,121,360 | +34.2% |
| 2029 | ~$69,603,277 | ~$68,812,700 | ~1.7000% | ~$1,169,812 | +48.1% |
| 2030 | ~$76,782,570 | ~$75,693,970 | ~1.6074% | ~$1,216,740 | +63.4% |
In 2025, this property's market value of $47,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 90× 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 | $47,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $34,681,116 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $39,640,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $40,356,819 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $34,146,800 | $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.