513 SOUTH PARK DR TX 78704
| Owner | SP APARTMENTS LLC |
|---|---|
| Parcel ID | 0407030802 |
| Short ID | 309827 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 6,293 SF |
| Land SF | 9,900 SF |
| Acres | 0.227 |
| Year Built | 1983 |
| Legal | LOT 2 BLK G SOUTH PARK SEC 2 |
| Neighborhood | 05SC1 |
| Land | $693,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $693,000 |
| Improvement | $917,000 |
|---|---|
| Total Improvement | $917,000 |
| Market | $1,610,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,610,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,610,000 |
| Taxable Value | $1,610,000 |
|---|
Appreciation: Market value has risen +31.2% from $1,227,135 (2021) to $1,610,000 (2025), a CAGR of 7.0% over 4 years. This represents moderate, steady growth. 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 lagged 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 $32,948. 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 43% of market value ($693,000 land vs $917,000 improvements), about $70/SF of land. Most value sits in the improvements, so building condition, age (~43 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,610,000, 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 +7.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,260,699 by 2030, with an estimated annual tax burden around $42,586. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,600 SF | ✗ |
| 3RD | 3rd Floor | 2,390 SF | ✓ |
| 2ND | 2nd Floor | 2,206 SF | ✓ |
| 1ST | 1st Floor | 1,697 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,035 SF | ✗ |
| 511 | DECK | 593 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 441 SF | ✓ |
| 505 | BALCONY | 262 SF | ✓ |
| 611 | TERRACE | 240 SF | ✗ |
| 581C | STORAGE ATT COMM | 72 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 44 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 449 | SPA | 1 SF | ✗ |
| 521 | FIREPLACE | 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% | $14,895.72 | $14,895.72 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,436.67 | $8,436.67 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,051.10 | $6,051.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,900.17 | $1,900.17 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,664.74 | $1,664.74 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $32,948.40 | $32,948.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,620,000 | $1,610,000 | +0.6% |
| Assessed Value | $1,620,000 | $1,610,000 | +0.6% |
| Land Value | $693,000 | $693,000 | +0.0% |
| Improvement Value | $927,000 | $917,000 | +1.1% |
| Taxable Value | $1,620,000 | $1,610,000 | +0.6% |
| Total Tax 2026 = estimate |
~$33,153
Estimated
|
~$32,948
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,728,000 | $1,620,000 | -108,000 (-6.2%) |
| Taxable Value | $1,728,000 | $1,620,000 | -108,000 (-6.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,620,000 | $693,000 | $927,000 | — | $1,620,000 | $1,620,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,610,000 | $693,000 | $917,000 | — | $1,610,000 | $1,610,000 | ~$32,948 | Partial |
| 2024 | $1,510,320 | — | — | −$817,320 | $693,000 | $— | $31,179 | Verified |
| 2023 | $1,415,925 | — | — | −$722,925 | $693,000 | $— | $27,325 | Verified |
| 2022 | $1,233,059 | — | — | −$688,559 | $544,500 | $— | $27,963 | Verified |
| 2021 | $1,227,135 | — | — | −$682,635 | $544,500 | $— | $26,840 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.3% | +7.3% | ~100% | Not available | Partial |
| 2025 | +2.3% | +2.3% | ~100% | Not available | Partial |
| 2024 | +4.2% | +4.2% | ~100% | 1.9800% | Verified |
| 2023 | +6.7% | +6.7% | ~100% | 1.8100% | Verified |
| 2022 | +14.8% | +14.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.6% | +5.8% | +6.9% | +14.8% | 2023 | +0.5% | 2022 |
| Assessment Ratio | 100.0% | 63.9% | — | 100.0% | 2025 | 44.2% | 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 |
$32,948 | $29,251 | ~$38,554 | $32,948 | 2025 | $26,840 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,723,095 | ~$1,723,095 | ~2.0139% | ~$34,702 | +7.0% |
| 2027 | ~$1,844,135 | ~$1,844,135 | ~1.9814% | ~$36,539 | +14.5% |
| 2028 | ~$1,973,677 | ~$1,973,677 | ~1.9488% | ~$38,464 | +22.6% |
| 2029 | ~$2,112,319 | ~$2,112,319 | ~1.9163% | ~$40,478 | +31.2% |
| 2030 | ~$2,260,699 | ~$2,260,699 | ~1.8837% | ~$42,586 | +40.4% |
| 2026 | ~$1,690,895 | ~$1,690,895 | ~2.0465% | ~$34,604 | +5.0% |
| 2027 | ~$1,775,855 | ~$1,775,855 | ~2.0465% | ~$36,343 | +10.3% |
| 2028 | ~$1,865,084 | ~$1,865,084 | ~2.0465% | ~$38,169 | +15.8% |
| 2029 | ~$1,958,795 | ~$1,958,795 | ~2.0465% | ~$40,086 | +21.7% |
| 2030 | ~$2,057,216 | ~$2,057,216 | ~2.0465% | ~$42,101 | +27.8% |
| 2026 | ~$1,755,295 | ~$1,755,295 | ~1.9977% | ~$35,065 | +9.0% |
| 2027 | ~$1,913,703 | ~$1,913,703 | ~1.9488% | ~$37,295 | +18.9% |
| 2028 | ~$2,086,405 | ~$2,086,405 | ~1.9000% | ~$39,642 | +29.6% |
| 2029 | ~$2,274,694 | ~$2,274,694 | ~1.8512% | ~$42,109 | +41.3% |
| 2030 | ~$2,479,975 | ~$2,479,975 | ~1.8024% | ~$44,698 | +54.0% |
In 2025, this property's market value of $1,610,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 3× 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 | $1,610,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,510,320 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,415,925 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,233,059 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,227,135 | $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.