2101 MONTOPOLIS DR 2 TX 78741
| Owner | IDA RED LLC |
|---|---|
| Parcel ID | 0310140603 |
| Short ID | 895145 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 2,100 SF |
| Land SF | 7,754 SF |
| Acres | 0.178 |
| Year Built | 2018 |
| Legal | UNT COMMERCIAL MASTER UNIT 2 2101 MONTOPOLIS MASTER CONDOMINIUMS PLUS 8.9 % INT IN COM AREA |
| Neighborhood | 23SE01 |
| Land | $77,537 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $77,537 |
| Improvement | $1,472,463 |
|---|---|
| Total Improvement | $1,472,463 |
| Market | $1,550,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,550,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$645,451 |
| Net Appraised (assessed) | $904,549 |
| Taxable Value | $904,549 |
|---|
Appreciation: Market value has risen +213.0% from $495,261 (2021) to $1,550,000 (2025), a CAGR of 33.0% 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 Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial 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 $18,511. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($904,549) is $645,451 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 ($77,537 land vs $1,472,463 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~8 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,550,000, this parcel sits in the upper-middle (50th–75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial 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 +33.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,452,138 by 2030, with an estimated annual tax burden around $27,442. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 1,150 SF | ✓ |
| 1ST | 1st Floor | 950 SF | ✓ |
Market value changed by 96% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $8,368.89 | $8,368.89 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,739.99 | $4,739.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,399.70 | $3,399.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,067.58 | $1,067.58 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $935.30 | $935.30 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,511.46 | $18,511.46 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $939,162 | $1,550,000 | -39.4% |
| Assessed Value | $939,162 | $904,549 | +3.8% |
| Land Value | $77,537 | $77,537 | +0.0% |
| Improvement Value | $861,625 | $1,472,463 | -41.5% |
| Taxable Value | $939,162 | $904,549 | +3.8% |
| Total Tax 2026 = estimate |
~$19,220
Estimated
|
~$18,511
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $939,162 | $939,162 | +0 (+0.0%) |
| Taxable Value | $939,162 | $939,162 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $939,162 | $77,537 | $861,625 | — | $939,162 | $939,162 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,550,000 | $77,537 | $1,472,463 | −$645,451 | $904,549 | $904,549 | ~$18,511 | Partial |
| 2024 | $628,159 | — | — | −$550,622 | $77,537 | $— | $14,939 | Verified |
| 2023 | $550,500 | — | — | −$472,963 | $77,537 | $— | $11,365 | Verified |
| 2022 | $492,156 | — | — | −$414,619 | $77,537 | $— | $10,872 | Verified |
| 2021 | $495,261 | — | — | −$417,724 | $77,537 | $— | $10,713 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -39.4% | +3.8% | ~100% | Not available | Partial |
| 2025 | +26.2% | +20.0% | 58.4% | Not available | Partial |
| 2024 | +95.5% ! | +20.0% | 61.4% | 1.2200% | Verified |
| 2023 | +5.4% | +5.4% | ~100% | 1.8100% | Verified |
| 2022 | +18.5% | +18.5% | ~100% | 1.8200% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +208.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -39.4% | +26.6% | +50.3% | +146.8% | 2025 | -39.4% | 2026 |
| Assessment Ratio | 100.0% | 36.1% | — | 100.0% | 2026 | 12.3% | 2024 |
| Effective Tax Rate (2025) | 1.1900% | 1.1900% | — | 1.1900% | 2025 | 1.1900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,511 | $13,280 | ~$23,602 | $18,511 | 2025 | $10,713 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,061,608 | ~$995,004 | ~2.0139% | ~$20,039 | +33.0% |
| 2027 | ~$2,742,082 | ~$1,094,504 | ~1.9814% | ~$21,686 | +76.9% |
| 2028 | ~$3,647,160 | ~$1,203,955 | ~1.9488% | ~$23,463 | +135.3% |
| 2029 | ~$4,850,978 | ~$1,324,350 | ~1.9163% | ~$25,378 | +213.0% |
| 2030 | ~$6,452,138 | ~$1,456,785 | ~1.8837% | ~$27,442 | +316.3% |
| 2026 | ~$2,030,608 | ~$995,004 | ~2.0465% | ~$20,363 | +31.0% |
| 2027 | ~$2,660,238 | ~$1,094,504 | ~2.0465% | ~$22,399 | +71.6% |
| 2028 | ~$3,485,097 | ~$1,203,955 | ~2.0465% | ~$24,639 | +124.8% |
| 2029 | ~$4,565,720 | ~$1,324,350 | ~2.0465% | ~$27,103 | +194.6% |
| 2030 | ~$5,981,411 | ~$1,456,785 | ~2.0465% | ~$29,813 | +285.9% |
| 2026 | ~$2,092,608 | ~$995,004 | ~1.9977% | ~$19,877 | +35.0% |
| 2027 | ~$2,825,167 | ~$1,094,504 | ~1.9488% | ~$21,330 | +82.3% |
| 2028 | ~$3,814,172 | ~$1,203,955 | ~1.9000% | ~$22,875 | +146.1% |
| 2029 | ~$5,149,398 | ~$1,324,350 | ~1.8512% | ~$24,516 | +232.2% |
| 2030 | ~$6,952,046 | ~$1,456,785 | ~1.8024% | ~$26,257 | +348.5% |
In 2025, this property's market value of $1,550,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +9% above the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial 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 | $1,550,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $628,159 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $550,500 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $492,156 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $495,261 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.