3818 SOUTHWAY DR TX 78704
| Owner | WLHD LLC SERIES C |
|---|---|
| Parcel ID | 0407070105 |
| Short ID | 310039 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 4,030 SF |
| Land SF | 8,424 SF |
| Acres | 0.193 |
| Year Built | 1971 |
| Legal | LOT 4 BLK C SOUTHRIDGE SEC 2 |
| Neighborhood | K3006 |
| Land | $357,953 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $357,953 |
| Improvement | $332,866 |
|---|---|
| Total Improvement | $332,866 |
| Market | $690,819 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $690,819 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $690,819 |
| Taxable Value | $690,819 |
|---|
Appreciation: Market value has risen +5.5% from $654,500 (2021) to $690,819 (2025), a CAGR of 1.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. 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 $14,138. 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 52% of market value ($357,953 land vs $332,866 improvements), about $42/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $690,819, this parcel sits in the upper-middle (50th–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 +1.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $739,065 by 2030, with an estimated annual tax burden around $13,922. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,030 SF | ✗ |
| 1ST | 1st Floor | 2,015 SF | ✓ |
| 2ND | 2nd Floor | 2,015 SF | ✓ |
| 611 | TERRACE | 400 SF | ✗ |
| 251 | BATHROOM | 6 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% | $6,391.46 | $6,391.46 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,620.01 | $3,620.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,596.41 | $2,596.41 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $815.33 | $815.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $714.31 | $714.31 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,137.52 | $14,137.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $797,000 | $690,819 | +15.4% |
| Assessed Value | $797,000 | $690,819 | +15.4% |
| Land Value | $357,953 | $357,953 | +0.0% |
| Improvement Value | $439,047 | $332,866 | +31.9% |
| Taxable Value | $797,000 | $690,819 | +15.4% |
| Total Tax 2026 = estimate |
~$16,310
Estimated
|
~$14,138
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $827,452 | $797,000 | -30,452 (-3.7%) |
| Taxable Value | $827,452 | $797,000 | -30,452 (-3.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $797,000 | $357,953 | $439,047 | — | $797,000 | $797,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $690,819 | $357,953 | $332,866 | — | $690,819 | $690,819 | ~$14,138 | Partial |
| 2024 | $697,822 | — | — | −$225,322 | $472,500 | $— | $15,645 | Verified |
| 2023 | $775,358 | — | — | −$302,858 | $472,500 | $— | $12,625 | Verified |
| 2022 | $604,600 | — | — | −$132,100 | $472,500 | $— | $15,313 | Verified |
| 2021 | $654,500 | — | — | −$371,000 | $283,500 | $— | $13,160 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +19.8% | +19.8% | ~100% | Not available | Partial |
| 2025 | -12.5% | -12.5% | ~100% | Not available | Partial |
| 2024 | +13.1% | +13.1% | ~100% | 1.9800% | Verified |
| 2023 | -23.5% | -23.5% | ~100% | 1.8100% | Verified |
| 2022 | +50.9% | +50.9% | ~100% | 1.6800% | Verified |
| 2021 | base year | — | ~100% | 2.0100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.4% | +5.0% | -1.3% | +28.2% | 2023 | -10.0% | 2024 |
| Assessment Ratio | 100.0% | 75.0% | — | 100.0% | 2025 | 43.3% | 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 |
$14,138 | $14,176 | ~$14,016 | $15,645 | 2024 | $12,625 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$700,209 | ~$700,209 | ~2.0139% | ~$14,102 | +1.4% |
| 2027 | ~$709,727 | ~$709,727 | ~1.9814% | ~$14,062 | +2.7% |
| 2028 | ~$719,375 | ~$719,375 | ~1.9488% | ~$14,019 | +4.1% |
| 2029 | ~$729,153 | ~$729,153 | ~1.9163% | ~$13,973 | +5.5% |
| 2030 | ~$739,065 | ~$739,065 | ~1.8837% | ~$13,922 | +7.0% |
| 2026 | ~$686,393 | ~$686,393 | ~2.0465% | ~$14,047 | -0.6% |
| 2027 | ~$681,995 | ~$681,995 | ~2.0465% | ~$13,957 | -1.3% |
| 2028 | ~$677,626 | ~$677,626 | ~2.0465% | ~$13,868 | -1.9% |
| 2029 | ~$673,284 | ~$673,284 | ~2.0465% | ~$13,779 | -2.5% |
| 2030 | ~$668,971 | ~$668,971 | ~2.0465% | ~$13,690 | -3.2% |
| 2026 | ~$714,026 | ~$714,026 | ~1.9977% | ~$14,264 | +3.4% |
| 2027 | ~$738,012 | ~$738,012 | ~1.9488% | ~$14,383 | +6.8% |
| 2028 | ~$762,804 | ~$762,804 | ~1.9000% | ~$14,493 | +10.4% |
| 2029 | ~$788,429 | ~$788,429 | ~1.8512% | ~$14,595 | +14.1% |
| 2030 | ~$814,915 | ~$814,915 | ~1.8024% | ~$14,688 | +18.0% |
In 2025, this property's market value of $690,819 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +33% 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 | $690,819 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $697,822 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $775,358 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $604,600 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $654,500 | $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.