2209 1 ST 114 78704
| Owner | 2209 SF DEVELOPMENT LLC |
|---|---|
| Parcel ID | 0403011415 |
| Short ID | 972449 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 1,323 SF |
| Land SF | 1,290 SF |
| Acres | 0.030 |
| Year Built | 2023 |
| Legal | ONE OAK CONDOMINIUMS UNT 114 PLUS 1.1020 % INT IN COM AREA |
| Neighborhood | K1S6BC |
| Land | $193,484 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $193,484 |
| Improvement | $624,969 |
|---|---|
| Total Improvement | $624,969 |
| Market | $818,453 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $818,453 |
| Value Limitation Adjustment (−) (homestead cap) | −$178,841 |
| Net Appraised (assessed) | $639,612 |
| Taxable Value | $639,612 |
|---|
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 $13,090. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($639,612) is $178,841 below market value, suggesting potential for an upward assessment in future years.
Asset Class: O. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 24% of market value ($193,484 land vs $624,969 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
No delinquent taxes on record.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,323 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,323 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 252 | BEDROOMS | 2 SF | ✓ |
Market value changed by 271% in 2025, 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% | $4,879.71 | $4,879.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,763.78 | $2,763.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,982.29 | $1,982.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $622.48 | $622.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $545.35 | $545.35 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,793.61 | $10,793.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $629,075 | $818,453 | -23.1% |
| Assessed Value | $629,075 | $639,612 | -1.6% |
| Land Value | $145,113 | $193,484 | -25.0% |
| Improvement Value | $483,962 | $624,969 | -22.6% |
| Taxable Value | $629,075 | $639,612 | -1.6% |
| Total Tax 2026 = estimate |
~$12,874
Estimated
|
~$10,794
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $629,075 | $629,075 | +0 (+0.0%) |
| Taxable Value | $629,075 | $629,075 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $629,075 | $145,113 | $483,962 | — | $629,075 | $629,075 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $818,453 | $193,484 | $624,969 | −$178,841 | $639,612 | $639,612 | ~$10,794 | Partial |
| 2024 | $— | — | — | — | $154,787 | $— | $4,371 | Verified |
| 2023 | $— | — | — | — | $154,787 | $— | $2,800 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -23.1% | -1.6% | ~100% | Not available | Partial |
| 2025 | +271.1% ! | +190.0% | 78.2% | Not available | Partial |
| 2024 | +42.5% | +42.5% | ~100% | 1.9800% | Verified |
| 2023 | base year | — | ~100% | 1.8100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +428.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.1% | -23.1% | — | -23.1% | 2026 | -23.1% | 2026 |
| Assessment Ratio | 100.0% | 89.0% | — | 100.0% | 2026 | 78.1% | 2025 |
| Effective Tax Rate (2025) | 1.3200% | 1.3200% | — | 1.3200% | 2025 | 1.3200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$10,794 | $10,794 | — | $10,794 | 2025 | $10,794 | 2025 |
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.