1515 S LAMAR BLVD TX 78704
| Owner | FAIRFIELD SOUTH LAMAR LLLP |
|---|---|
| Parcel ID | 0400040211 |
| Short ID | 380392 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 270,600 SF |
| Land SF | 169,753 SF |
| Acres | 3.897 |
| Year Built | 2022 |
| Legal | LOT 1 BLK A SHEPHERD ADDN LT 1 BLK A AMD |
| Neighborhood | 08SC |
| Land | $19,623,484 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $19,623,484 |
| Improvement | $60,976,516 |
|---|---|
| Total Improvement | $60,976,516 |
| Market | $80,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $80,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $80,600,000 |
| Taxable Value | $80,600,000 |
|---|
Appreciation: Market value has risen +588.0% from $11,715,000 (2021) to $80,600,000 (2025), a CAGR of 62.0% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $1,649,467. 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 24% of market value ($19,623,484 land vs $60,976,516 improvements), about $116/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $80,600,000, 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 +62.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $898,102,650 by 2030, with an estimated annual tax burden around $16,917,941. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 270,600 SF | ✓ |
Market value changed by 112% in 2022, 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% | $712,404.00 | $712,404.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $403,493.09 | $403,493.09 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $289,400.65 | $289,400.65 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $90,877.71 | $90,877.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $79,618.00 | $79,618.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,575,793.45 | $1,575,793.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $72,303,492 | $80,600,000 | -10.3% |
| Assessed Value | $72,303,492 | $80,600,000 | -10.3% |
| Land Value | $19,623,484 | $19,623,484 | +0.0% |
| Improvement Value | $52,680,008 | $60,976,516 | -13.6% |
| Taxable Value | $72,303,492 | $80,600,000 | -10.3% |
| Total Tax 2026 = estimate |
~$1,479,680
Estimated
|
~$1,575,793
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $72,303,492 | $72,303,492 | +0 (+0.0%) |
| Taxable Value | $72,303,492 | $72,303,492 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $72,303,492 | $19,623,484 | $52,680,008 | — | $72,303,492 | $72,303,492 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $80,600,000 | $19,623,484 | $60,976,516 | — | $80,600,000 | $80,600,000 | ~$1,575,793 | Partial |
| 2024 | $72,500,000 | — | — | −$52,876,516 | $19,623,484 | $— | $1,619,142 | Verified |
| 2023 | $43,599,965 | — | — | −$23,976,481 | $19,623,484 | $— | $1,313,172 | Verified |
| 2022 | $20,600,000 | — | — | −$8,887,021 | $11,712,979 | $— | $861,066 | Verified |
| 2021 | $11,715,000 | — | — | −$2,021 | $11,712,979 | $— | $433,893 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.3% | -10.3% | ~100% | Not available | Partial |
| 2025 | -1.3% | -1.3% | ~100% | Not available | Partial |
| 2024 | -6.9% | -6.9% | ~100% | 1.9800% | Verified |
| 2023 | +101.3% ! | +101.3% | ~100% | 1.5000% | Verified |
| 2022 | +111.7% ! | +111.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.7000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +291.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.3% | +50.9% | +65.7% | +111.7% | 2023 | -10.3% | 2026 |
| Assessment Ratio | 100.0% | 71.5% | — | 100.0% | 2021 | 27.1% | 2024 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,575,793 | $1,160,613 | ~$8,207,004 | $1,619,142 | 2024 | $433,893 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$130,536,880 | ~$130,536,880 | ~2.0139% | ~$2,628,930 | +62.0% |
| 2027 | ~$211,412,867 | ~$211,412,867 | ~1.9814% | ~$4,188,909 | +162.3% |
| 2028 | ~$342,396,726 | ~$342,396,726 | ~1.9488% | ~$6,672,763 | +324.8% |
| 2029 | ~$554,533,504 | ~$554,533,504 | ~1.9163% | ~$10,626,476 | +588.0% |
| 2030 | ~$898,102,650 | ~$898,102,650 | ~1.8837% | ~$16,917,941 | +1014.3% |
| 2026 | ~$128,924,880 | ~$128,924,880 | ~2.0465% | ~$2,638,428 | +60.0% |
| 2027 | ~$206,223,632 | ~$206,223,632 | ~2.0465% | ~$4,220,336 | +155.9% |
| 2028 | ~$329,867,954 | ~$329,867,954 | ~2.0465% | ~$6,750,698 | +309.3% |
| 2029 | ~$527,644,993 | ~$527,644,993 | ~2.0465% | ~$10,798,176 | +554.6% |
| 2030 | ~$844,002,078 | ~$844,002,078 | ~2.0465% | ~$17,272,376 | +947.1% |
| 2026 | ~$132,148,880 | ~$132,148,880 | ~1.9977% | ~$2,639,888 | +64.0% |
| 2027 | ~$216,666,582 | ~$216,666,582 | ~1.9488% | ~$4,222,484 | +168.8% |
| 2028 | ~$355,238,787 | ~$355,238,787 | ~1.9000% | ~$6,749,596 | +340.7% |
| 2029 | ~$582,436,823 | ~$582,436,823 | ~1.8512% | ~$10,782,036 | +622.6% |
| 2030 | ~$954,942,605 | ~$954,942,605 | ~1.8024% | ~$17,211,611 | +1084.8% |
In 2025, this property's market value of $80,600,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 155× 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 | $80,600,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $72,500,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $43,599,965 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $20,600,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $11,715,000 | $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.