2304 S 1 ST A TX 78704
| Owner | SOSA ROSA ELIA |
|---|---|
| Parcel ID | 0402030923 |
| Short ID | 303802 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,944 SF |
| Land SF | 21,047 SF |
| Acres | 0.483 |
| Year Built | 1971 |
| Legal | LOT 1 BLK B LOMA LINDA & LOT 11 BLK 3 FAULK HENRY |
| Neighborhood | 59SCN |
| Land | $2,946,530 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,946,530 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,788,854 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,788,854 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,788,854 |
| Taxable Value | $2,788,854 |
|---|
Appreciation: Market value has risen +41.1% from $1,976,929 (2021) to $2,788,854 (2025), a CAGR of 9.0% 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 $57,073. 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 106% of market value ($2,946,530 land vs $0 improvements), about $140/SF of land. With value concentrated in the land under a ~55-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 $2,788,854, 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 +9.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,287,648 by 2030, with an estimated annual tax burden around $80,768. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,776 SF | ✗ |
| 1ST | 1st Floor | 2,544 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,144 SF | ✗ |
| 2ND | 2nd Floor | 400 SF | ✓ |
| 571C | STORAGE DET COMM | 320 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 270 SF | ✗ |
| 413 | STAIRWAY EXT | 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% | $25,802.48 | $25,802.48 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,614.07 | $14,614.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,481.77 | $10,481.77 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,291.49 | $3,291.49 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,883.68 | $2,883.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $57,073.49 | $57,073.49 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,810,364 | $2,788,854 | +36.6% |
| Assessed Value | $3,346,625 | $2,788,854 | +20.0% |
| Land Value | $2,946,530 | $2,946,530 | +0.0% |
| Improvement Value | $863,834 | — | — |
| Taxable Value | $3,346,625 | $2,788,854 | +20.0% |
| HS Cap Loss | -$463,739 | — | |
| Total Tax 2026 = estimate |
~$68,488
Estimated
|
~$57,073
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,810,364 | $3,810,364 | +0 (+0.0%) |
| Taxable Value | $3,346,625 | $3,346,625 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,810,364 | $2,946,530 | $863,834 | −$463,739 | $3,346,625 | $3,346,625 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,788,854 | $2,946,530 | — | — | $2,788,854 | $2,788,854 | ~$57,073 | Partial |
| 2024 | $3,000,000 | — | — | −$53,470 | $2,946,530 | $— | $59,454 | Verified |
| 2023 | $1,957,300 | — | — | — | $2,946,530 ! | $— | $54,277 | Verified |
| 2022 | $1,990,679 | — | — | −$306,948 | $1,683,731 | $— | $38,655 | Verified |
| 2021 | $1,976,929 | — | — | −$293,198 | $1,683,731 | $— | $43,331 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +36.6% | +20.0% | 87.8% | Not available | Partial |
| 2025 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +53.3% | +53.3% | ~100% | 1.8100% | Verified |
| 2022 | -1.7% | -1.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +40.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +36.6% | +16.4% | +3.1% | +53.3% | 2024 | -7.0% | 2025 |
| Assessment Ratio | 87.8% | 101.0% | — | 150.5% | 2023 | 84.6% | 2022 |
| 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 |
$57,073 | $50,558 | ~$70,671 | $59,454 | 2024 | $38,655 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,039,376 | ~$3,039,376 | ~2.0139% | ~$61,211 | +9.0% |
| 2027 | ~$3,312,403 | ~$3,312,403 | ~1.9814% | ~$65,632 | +18.8% |
| 2028 | ~$3,609,955 | ~$3,609,955 | ~1.9488% | ~$70,352 | +29.4% |
| 2029 | ~$3,934,237 | ~$3,934,237 | ~1.9163% | ~$75,391 | +41.1% |
| 2030 | ~$4,287,648 | ~$4,287,648 | ~1.8837% | ~$80,768 | +53.7% |
| 2026 | ~$2,983,599 | ~$2,983,599 | ~2.0465% | ~$61,059 | +7.0% |
| 2027 | ~$3,191,943 | ~$3,191,943 | ~2.0465% | ~$65,323 | +14.5% |
| 2028 | ~$3,414,836 | ~$3,414,836 | ~2.0465% | ~$69,884 | +22.4% |
| 2029 | ~$3,653,293 | ~$3,653,293 | ~2.0465% | ~$74,764 | +31.0% |
| 2030 | ~$3,908,402 | ~$3,908,402 | ~2.0465% | ~$79,985 | +40.1% |
| 2026 | ~$3,095,153 | ~$3,067,739 | ~1.9977% | ~$61,283 | +11.0% |
| 2027 | ~$3,435,093 | ~$3,374,513 | ~1.9488% | ~$65,764 | +23.2% |
| 2028 | ~$3,812,369 | ~$3,711,965 | ~1.9000% | ~$70,528 | +36.7% |
| 2029 | ~$4,231,081 | ~$4,083,161 | ~1.8512% | ~$75,587 | +51.7% |
| 2030 | ~$4,695,779 | ~$4,491,477 | ~1.8024% | ~$80,953 | +68.4% |
In 2025, this property's market value of $2,788,854 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +97% 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 | $2,788,854 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,957,300 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,990,679 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,976,929 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.