516 SOUTH PARK DR TX 78704
| Owner | CLAYPOOL BRIAN E |
|---|---|
| Parcel ID | 0407030618 |
| Short ID | 309808 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 9,863 SF |
| Land SF | 18,360 SF |
| Acres | 0.421 |
| Year Built | 1978 |
| Legal | LOT 10&11 BLK H SOUTH PARK SEC 2 |
| Neighborhood | 05SC1 |
| Land | $2,203,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,203,200 |
| Improvement | $509,125 |
|---|---|
| Total Improvement | $509,125 |
| Market | $2,712,325 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,712,325 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,712,325 |
| Taxable Value | $2,712,325 |
|---|
Appreciation: Market value has risen +41.0% from $1,923,285 (2021) to $2,712,325 (2025), a CAGR of 9.0% 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 $55,507. 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 81% of market value ($2,203,200 land vs $509,125 improvements), about $120/SF of land. With value concentrated in the land under a ~48-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 $2,712,325, 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 +9.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,168,351 by 2030, with an estimated annual tax burden around $78,521. 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 9,875 SF | ✗ |
| 1ST | 1st Floor | 4,979 SF | ✓ |
| 2ND | 2nd Floor | 4,884 SF | ✓ |
| 053 | CARPORT DET BASE | 1,780 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 720 SF | ✗ |
| SO | Sketch Only | 664 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 456 SF | ✗ |
| 591 | MASONRY TRIM SF | 225 SF | ✗ |
| 511 | DECK | 144 SF | ✗ |
| 016 | PORCH OPEN BASMT | 97 SF | ✗ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $24,295.97 | $24,295.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,760.81 | $13,760.81 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,869.78 | $9,869.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,099.31 | $3,099.31 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,715.31 | $2,715.31 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $53,741.18 | $53,741.18 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,626,024 | $2,712,325 | -3.2% |
| Assessed Value | $2,626,024 | $2,712,325 | -3.2% |
| Land Value | $2,203,200 | $2,203,200 | +0.0% |
| Improvement Value | $422,824 | $509,125 | -17.0% |
| Taxable Value | $2,626,024 | $2,712,325 | -3.2% |
| Total Tax 2026 = estimate |
~$53,741
Estimated
|
~$53,741
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,626,024 | $2,626,024 | +0 (+0.0%) |
| Taxable Value | $2,626,024 | $2,626,024 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,626,024 | $2,203,200 | $422,824 | — | $2,626,024 | $2,626,024 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,712,325 | $2,203,200 | $509,125 | — | $2,712,325 | $2,712,325 | ~$53,741 | Partial |
| 2024 | $2,367,120 | — | — | −$163,920 | $2,203,200 | $— | $49,844 | Verified |
| 2023 | $2,219,175 | — | — | −$15,975 | $2,203,200 | $— | $42,827 | Verified |
| 2022 | $1,932,570 | — | — | −$739,170 | $1,193,400 | $— | $43,827 | Verified |
| 2021 | $1,923,285 | — | — | −$729,885 | $1,193,400 | $— | $42,066 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.2% | -3.2% | ~100% | Not available | Partial |
| 2025 | +7.8% | +7.8% | ~100% | Not available | Partial |
| 2024 | +6.2% | +6.2% | ~100% | 1.9800% | Verified |
| 2023 | +6.7% | +6.7% | ~100% | 1.8100% | Verified |
| 2022 | +12.5% | +12.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +37.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.2% | +6.7% | +9.7% | +14.8% | 2023 | -3.2% | 2026 |
| Assessment Ratio | 100.0% | 86.0% | — | 100.0% | 2025 | 61.8% | 2022 |
| Effective Tax Rate (2025) | 1.9800% | 1.9800% | — | 1.9800% | 2025 | 1.9800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$53,741 | $46,461 | ~$68,715 | $53,741 | 2025 | $42,066 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,955,740 | ~$2,955,740 | ~2.0139% | ~$59,527 | +9.0% |
| 2027 | ~$3,221,000 | ~$3,221,000 | ~1.9814% | ~$63,821 | +18.8% |
| 2028 | ~$3,510,066 | ~$3,510,066 | ~1.9488% | ~$68,406 | +29.4% |
| 2029 | ~$3,825,074 | ~$3,825,074 | ~1.9163% | ~$73,300 | +41.0% |
| 2030 | ~$4,168,351 | ~$4,168,351 | ~1.8837% | ~$78,521 | +53.7% |
| 2026 | ~$2,901,494 | ~$2,901,494 | ~2.0465% | ~$59,379 | +7.0% |
| 2027 | ~$3,103,856 | ~$3,103,856 | ~2.0465% | ~$63,520 | +14.4% |
| 2028 | ~$3,320,331 | ~$3,320,331 | ~2.0465% | ~$67,950 | +22.4% |
| 2029 | ~$3,551,905 | ~$3,551,905 | ~2.0465% | ~$72,689 | +31.0% |
| 2030 | ~$3,799,629 | ~$3,799,629 | ~2.0465% | ~$77,759 | +40.1% |
| 2026 | ~$3,009,987 | ~$2,983,558 | ~1.9977% | ~$59,601 | +11.0% |
| 2027 | ~$3,340,315 | ~$3,281,913 | ~1.9488% | ~$63,959 | +23.2% |
| 2028 | ~$3,706,895 | ~$3,610,105 | ~1.9000% | ~$68,593 | +36.7% |
| 2029 | ~$4,113,704 | ~$3,971,115 | ~1.8512% | ~$73,513 | +51.7% |
| 2030 | ~$4,565,159 | ~$4,368,227 | ~1.8024% | ~$78,732 | +68.3% |
In 2025, this property's market value of $2,712,325 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 5× 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 | $2,712,325 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,367,120 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,219,175 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,932,570 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,923,285 | $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.