2127 GOODRICH AVE TX 78704
| Owner | 2127 GOODRICH LP |
|---|---|
| Parcel ID | 0401070725 |
| Short ID | 303233 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 4,520 SF |
| Land SF | 11,649 SF |
| Acres | 0.267 |
| Year Built | 1973 |
| Legal | LOT 2C RESUB OF LOT 2B LUEDECKE RESUB |
| Neighborhood | 83CEN |
| Land | $1,397,880 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,397,880 |
| Improvement | $27,120 |
|---|---|
| Total Improvement | $27,120 |
| Market | $1,425,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,425,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,425,000 |
| Taxable Value | $1,425,000 |
|---|
Appreciation: Market value has risen +42.5% from $1,000,000 (2021) to $1,425,000 (2025), a CAGR of 9.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $29,162. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
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 98% of market value ($1,397,880 land vs $27,120 improvements), about $120/SF of land. With value concentrated in the land under a ~53-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,425,000, 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 +9.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,218,623 by 2030, with an estimated annual tax burden around $41,793. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,380 SF | ✗ |
| 1ST | 1st Floor | 4,520 SF | ✓ |
| SO | Sketch Only | 771 SF | ✗ |
| 501 | CANOPY | 360 SF | ✗ |
| 091 | HVAC COMMRCL TON | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $13,184.10 | $13,184.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,467.24 | $7,467.24 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,355.79 | $5,355.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,681.83 | $1,681.83 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,473.45 | $1,473.45 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $29,162.41 | $29,162.41 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,631,468 | $1,425,000 | +14.5% |
| Assessed Value | $1,631,468 | $1,425,000 | +14.5% |
| Land Value | $1,397,880 | $1,397,880 | +0.0% |
| Improvement Value | $233,588 | $27,120 | +761.3% |
| Taxable Value | $1,631,468 | $1,425,000 | +14.5% |
| Total Tax 2026 = estimate |
~$33,388
Estimated
|
~$29,162
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,631,468 | $1,631,468 | +0 (+0.0%) |
| Taxable Value | $1,631,468 | $1,631,468 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,631,468 | $1,397,880 | $233,588 | — | $1,631,468 | $1,631,468 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,425,000 | $1,397,880 | $27,120 | — | $1,425,000 | $1,425,000 | ~$29,162 | Partial |
| 2024 | $1,600,000 | — | — | −$202,120 | $1,397,880 | $— | $31,237 | Verified |
| 2023 | $1,116,700 | — | — | — | $1,397,880 ! | $— | $28,948 | Verified |
| 2022 | $1,089,742 | — | — | −$41,332 | $1,048,410 | $— | $22,054 | Verified |
| 2021 | $1,000,000 | — | — | −$68,080 | $931,920 | $— | $23,720 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.5% | +14.5% | ~100% | Not available | Partial |
| 2025 | -9.6% | -9.6% | ~100% | Not available | Partial |
| 2024 | -1.5% | -1.5% | ~100% | 1.9800% | Verified |
| 2023 | +43.3% | +43.3% | ~100% | 1.8100% | Verified |
| 2022 | +2.5% | +2.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +14.5% | +11.7% | +6.5% | +43.3% | 2024 | -10.9% | 2025 |
| Assessment Ratio | 100.0% | 100.3% | — | 125.2% | 2023 | 87.4% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$29,162 | $27,024 | ~$36,397 | $31,237 | 2024 | $22,054 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,556,928 | ~$1,556,928 | ~2.0139% | ~$31,356 | +9.3% |
| 2027 | ~$1,701,070 | ~$1,701,070 | ~1.9814% | ~$33,705 | +19.4% |
| 2028 | ~$1,858,558 | ~$1,858,558 | ~1.9488% | ~$36,220 | +30.4% |
| 2029 | ~$2,030,625 | ~$2,030,625 | ~1.9163% | ~$38,913 | +42.5% |
| 2030 | ~$2,218,623 | ~$2,218,623 | ~1.8837% | ~$41,793 | +55.7% |
| 2026 | ~$1,528,428 | ~$1,528,428 | ~2.0465% | ~$31,279 | +7.3% |
| 2027 | ~$1,639,363 | ~$1,639,363 | ~2.0465% | ~$33,549 | +15.0% |
| 2028 | ~$1,758,350 | ~$1,758,350 | ~2.0465% | ~$35,984 | +23.4% |
| 2029 | ~$1,885,973 | ~$1,885,973 | ~2.0465% | ~$38,596 | +32.3% |
| 2030 | ~$2,022,860 | ~$2,022,860 | ~2.0465% | ~$41,398 | +42.0% |
| 2026 | ~$1,585,428 | ~$1,567,500 | ~1.9977% | ~$31,313 | +11.3% |
| 2027 | ~$1,763,918 | ~$1,724,250 | ~1.9488% | ~$33,603 | +23.8% |
| 2028 | ~$1,962,501 | ~$1,896,675 | ~1.9000% | ~$36,037 | +37.7% |
| 2029 | ~$2,183,442 | ~$2,086,343 | ~1.8512% | ~$38,622 | +53.2% |
| 2030 | ~$2,429,257 | ~$2,294,977 | ~1.8024% | ~$41,364 | +70.5% |
In 2025, this property's market value of $1,425,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +1% 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 | $1,425,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,600,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,116,700 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,089,742 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,000,000 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below median | 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.