6101 E RIVERSIDE DR TX 78741
| Owner | HOUSING AUTHORITY OF THE CITY OF |
|---|---|
| Parcel ID | 0308141001 |
| Short ID | 758843 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 307,610 SF |
| Land SF | 389,771 SF |
| Acres | 8.948 |
| Year Built | 2020 |
| Legal | 7.4536 AC OF LOT 1 & 1.5213 AC OF LOT 2 BLK A RIVERSIDE AT MONTOPOLIS |
| Neighborhood | 08SE |
| Land | $5,846,558 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,846,558 |
| Improvement | $120,837,494 |
|---|---|
| Total Improvement | $120,837,494 |
| Market | $126,684,052 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $126,684,052 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $126,684,052 |
| Taxable Value | $126,684,052 |
|---|
| Total Due | $4,912.93 |
|---|---|
| First Delinquent | 2017 |
Appreciation: Market value has risen +50.5% from $84,200,000 (2021) to $126,684,052 (2025), a CAGR of 10.8% 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 outpaced the broader multi-family market over the same period.
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 5% of market value ($5,846,558 land vs $120,837,494 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $126,684,052, 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 +10.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $211,098,071 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.
Delinquent Taxes: $4,912.93 in unpaid taxes since 2017. 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 | 307,610 SF | ✓ |
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.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $122,377,512 | $126,684,052 | -3.4% |
| Assessed Value | $122,377,512 | $126,684,052 | -3.4% |
| Land Value | $5,846,558 | $5,846,558 | +0.0% |
| Improvement Value | $116,530,954 | $120,837,494 | -3.6% |
| Taxable Value | — | — | — |
| Exemptions | — | F | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $122,377,512 | $122,377,512 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $122,377,512 | $5,846,558 | $116,530,954 | — | $122,377,512 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $126,684,052 | $5,846,558 | $120,837,494 | — | $126,684,052 | $— | not in county billing file ⓘ | Partial |
| 2024 | $99,996,344 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $92,500,000 | — | — | −$86,653,442 | $5,846,558 | $— | $288,227 | Verified |
| 2022 | $— | — | — | — | $5,846,558 | $— | $1,880,574 | Verified |
| 2021 | $84,200,000 | — | — | −$78,353,442 | $5,846,558 | $— | $1,814,926 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.4% | -3.4% | ~100% | Not available | Partial |
| 2025 | +25.9% | +25.9% | ~100% | Not available | Partial |
| 2024 | +0.6% | +0.6% | ~100% | No billing data | Verified |
| 2023 | -1.9% | -1.9% | ~100% | 0.2900% | Verified |
| 2022 | +18.4% | +18.4% | ~100% | 1.8500% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +47.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.4% | +10.3% | +11.5% | +26.7% | 2025 | -3.4% | 2026 |
| Assessment Ratio | 100.0% | 53.3% | — | 100.0% | 2025 | 6.3% | 2023 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $288,227 | $1,051,577 | — | $1,814,926 | 2021 | $288,227 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$140,305,407 | ~$139,352,457 | ~0.0000% | ~$0 | +10.8% |
| 2027 | ~$155,391,362 | ~$153,287,703 | ~0.0000% | ~$0 | +22.7% |
| 2028 | ~$172,099,392 | ~$168,616,473 | ~0.0000% | ~$0 | +35.8% |
| 2029 | ~$190,603,908 | ~$185,478,121 | ~0.0000% | ~$0 | +50.5% |
| 2030 | ~$211,098,071 | ~$204,025,933 | ~0.0000% | ~$0 | +66.6% |
| 2026 | ~$137,771,726 | ~$137,771,726 | ~0.0000% | ~$0 | +8.8% |
| 2027 | ~$149,829,819 | ~$149,829,819 | ~0.0000% | ~$0 | +18.3% |
| 2028 | ~$162,943,264 | ~$162,943,264 | ~0.0000% | ~$0 | +28.6% |
| 2029 | ~$177,204,426 | ~$177,204,426 | ~0.0000% | ~$0 | +39.9% |
| 2030 | ~$192,713,758 | ~$192,713,758 | ~0.0000% | ~$0 | +52.1% |
| 2026 | ~$142,839,089 | ~$139,352,457 | ~0.0000% | ~$0 | +12.8% |
| 2027 | ~$161,054,252 | ~$153,287,703 | ~0.0000% | ~$0 | +27.1% |
| 2028 | ~$181,592,254 | ~$168,616,473 | ~0.0000% | ~$0 | +43.3% |
| 2029 | ~$204,749,308 | ~$185,478,121 | ~0.0000% | ~$0 | +61.6% |
| 2030 | ~$230,859,403 | ~$204,025,933 | ~0.0000% | ~$0 | +82.2% |
In 2025, this property's market value of $126,684,052 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 244× 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 | $126,684,052 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $99,996,344 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $92,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $84,200,000 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |