2217 S 1 ST TX 78704
| Owner | 2013 TRAVIS FIRST STREET LLC |
|---|---|
| Parcel ID | 0403010236 |
| Short ID | 305028 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,078 SF |
| Land SF | 11,091 SF |
| Acres | 0.255 |
| Year Built | 1946 |
| Legal | 55X205 FT AV BLK 2 FAULKS SUBD |
| Neighborhood | K1005 |
| Land | $1,663,650 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,663,650 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,330,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,330,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,330,000 |
| Taxable Value | $1,330,000 |
|---|
Appreciation: Market value has risen +158.4% from $514,700 (2021) to $1,330,000 (2025), a CAGR of 26.8% 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 $27,218. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 125% of market value ($1,663,650 land vs $0 improvements), about $150/SF of land. With value concentrated in the land under a ~80-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 $1,330,000, 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 +26.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,357,360 by 2030, with an estimated annual tax burden around $40,349. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,078 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,078 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 112 SF | ✗ |
| 251 | BATHROOM | 2 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% | $12,305.16 | $12,305.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,969.43 | $6,969.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,998.74 | $4,998.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,569.71 | $1,569.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,375.22 | $1,375.22 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,218.26 | $27,218.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,331,845 | $1,330,000 | +0.1% |
| Assessed Value | $1,331,845 | $1,330,000 | +0.1% |
| Land Value | $1,663,650 | $1,663,650 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,331,845 | $1,330,000 | +0.1% |
| Total Tax 2026 = estimate |
~$27,256
Estimated
|
~$27,218
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,331,845 | $1,331,845 | +0 (+0.0%) |
| Taxable Value | $1,331,845 | $1,331,845 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,331,845 | $1,663,650 | — | — | $1,331,845 | $1,331,845 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,330,000 | $1,663,650 | — | — | $1,330,000 | $1,330,000 | ~$27,218 | Partial |
| 2024 | $1,330,000 | — | — | — | $1,330,000 | $— | $26,358 | Verified |
| 2023 | $891,275 | — | — | — | $1,330,000 ! | $— | $24,063 | Verified |
| 2022 | $591,578 | — | — | — | $757,625 ! | $— | $17,602 | Verified |
| 2021 | $514,700 | — | — | −$18,325 | $496,375 | $— | $12,877 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +49.2% | +49.2% | ~100% | 1.8100% | Verified |
| 2022 | +49.0% | +49.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +122.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +23.0% | +26.8% | +50.7% | 2023 | +0.0% | 2025 |
| Assessment Ratio | 100.0% | 112.3% | — | 149.2% | 2023 | 96.4% | 2021 |
| 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 |
$27,218 | $21,624 | ~$34,703 | $27,218 | 2025 | $12,877 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,686,266 | ~$1,463,000 | ~2.0139% | ~$29,464 | +26.8% |
| 2027 | ~$2,137,964 | ~$1,609,300 | ~1.9814% | ~$31,886 | +60.7% |
| 2028 | ~$2,710,658 | ~$1,770,230 | ~1.9488% | ~$34,499 | +103.8% |
| 2029 | ~$3,436,759 | ~$1,947,253 | ~1.9163% | ~$37,315 | +158.4% |
| 2030 | ~$4,357,360 | ~$2,141,978 | ~1.8837% | ~$40,349 | +227.6% |
| 2026 | ~$1,659,666 | ~$1,463,000 | ~2.0465% | ~$29,940 | +24.8% |
| 2027 | ~$2,071,045 | ~$1,609,300 | ~2.0465% | ~$32,934 | +55.7% |
| 2028 | ~$2,584,393 | ~$1,770,230 | ~2.0465% | ~$36,227 | +94.3% |
| 2029 | ~$3,224,984 | ~$1,947,253 | ~2.0465% | ~$39,850 | +142.5% |
| 2030 | ~$4,024,357 | ~$2,141,978 | ~2.0465% | ~$43,835 | +202.6% |
| 2026 | ~$1,712,866 | ~$1,463,000 | ~1.9977% | ~$29,226 | +28.8% |
| 2027 | ~$2,205,947 | ~$1,609,300 | ~1.9488% | ~$31,363 | +65.9% |
| 2028 | ~$2,840,970 | ~$1,770,230 | ~1.9000% | ~$33,635 | +113.6% |
| 2029 | ~$3,658,797 | ~$1,947,253 | ~1.8512% | ~$36,047 | +175.1% |
| 2030 | ~$4,712,051 | ~$2,141,978 | ~1.8024% | ~$38,606 | +254.3% |
In 2025, this property's market value of $1,330,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +156% above 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 | $1,330,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,330,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $891,275 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $591,578 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $514,700 | $300,453 | $376,850 | $539,896 | ↑ 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.