3802 SOUTHWAY DR TX 78704
| Owner | AVETISYAN SVETLANA |
|---|---|
| Parcel ID | 0407070113 |
| Short ID | 310047 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 4,030 SF |
| Land SF | 8,301 SF |
| Acres | 0.191 |
| Year Built | 1971 |
| Legal | LOT 12 BLK C SOUTHRIDGE SEC 2 |
| Neighborhood | K3006 |
| Land | $396,574 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $396,574 |
| Improvement | $426,535 |
|---|---|
| Total Improvement | $426,535 |
| Market | $823,109 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $823,109 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $823,109 |
| Taxable Value | $823,109 |
|---|
Appreciation: Market value has risen +31.6% from $625,300 (2021) to $823,109 (2025), a CAGR of 7.1% over 4 years. This represents moderate, steady growth. 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 $16,845. 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 48% of market value ($396,574 land vs $426,535 improvements), about $48/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $823,109, 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 +7.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,160,562 by 2030, with an estimated annual tax burden around $21,862. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,015 SF | ✓ |
| 2ND | 2nd Floor | 2,015 SF | ✓ |
| 551 | PAVED AREA | 1,100 SF | ✗ |
| 612 | TERRACE UNCOVERD | 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% | $7,615.40 | $7,615.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,313.23 | $4,313.23 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,093.61 | $3,093.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $971.46 | $971.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $851.09 | $851.09 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,844.79 | $16,844.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $923,018 | $823,109 | +12.1% |
| Assessed Value | $923,018 | $823,109 | +12.1% |
| Land Value | $396,574 | $396,574 | +0.0% |
| Improvement Value | $526,444 | $426,535 | +23.4% |
| Taxable Value | $923,018 | $823,109 | +12.1% |
| Total Tax 2026 = estimate |
~$18,889
Estimated
|
~$16,845
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $923,018 | $923,018 | +0 (+0.0%) |
| Taxable Value | $923,018 | $923,018 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $923,018 | $396,574 | $526,444 | — | $923,018 | $923,018 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $823,109 | $396,574 | $426,535 | — | $823,109 | $823,109 | ~$16,845 | Partial |
| 2024 | $989,969 | — | — | −$464,969 | $525,000 | $— | $17,625 | Verified |
| 2023 | $955,630 | — | — | −$430,630 | $525,000 | $— | $17,911 | Verified |
| 2022 | $630,978 | — | — | −$105,978 | $525,000 | $— | $18,873 | Verified |
| 2021 | $625,300 | — | — | −$310,300 | $315,000 | $— | $13,734 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.1% | +12.1% | ~100% | Not available | Partial |
| 2025 | -7.4% | -7.4% | ~100% | Not available | Partial |
| 2024 | -10.2% | -10.2% | ~100% | 1.9800% | Verified |
| 2023 | +3.6% | +3.6% | ~100% | 1.8100% | Verified |
| 2022 | +51.5% | +51.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.1% | +10.2% | +4.8% | +51.5% | 2023 | -16.9% | 2025 |
| Assessment Ratio | 100.0% | 73.6% | — | 100.0% | 2025 | 50.4% | 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 |
$16,845 | $16,998 | ~$19,761 | $18,873 | 2022 | $13,734 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$881,657 | ~$881,657 | ~2.0139% | ~$17,756 | +7.1% |
| 2027 | ~$944,369 | ~$944,369 | ~1.9814% | ~$18,712 | +14.7% |
| 2028 | ~$1,011,542 | ~$1,011,542 | ~1.9488% | ~$19,713 | +22.9% |
| 2029 | ~$1,083,493 | ~$1,083,493 | ~1.9163% | ~$20,763 | +31.6% |
| 2030 | ~$1,160,562 | ~$1,160,562 | ~1.8837% | ~$21,862 | +41.0% |
| 2026 | ~$865,195 | ~$865,195 | ~2.0465% | ~$17,706 | +5.1% |
| 2027 | ~$909,432 | ~$909,432 | ~2.0465% | ~$18,611 | +10.5% |
| 2028 | ~$955,932 | ~$955,932 | ~2.0465% | ~$19,563 | +16.1% |
| 2029 | ~$1,004,808 | ~$1,004,808 | ~2.0465% | ~$20,563 | +22.1% |
| 2030 | ~$1,056,184 | ~$1,056,184 | ~2.0465% | ~$21,615 | +28.3% |
| 2026 | ~$898,119 | ~$898,119 | ~1.9977% | ~$17,941 | +9.1% |
| 2027 | ~$979,965 | ~$979,965 | ~1.9488% | ~$19,098 | +19.1% |
| 2028 | ~$1,069,269 | ~$1,069,269 | ~1.9000% | ~$20,316 | +29.9% |
| 2029 | ~$1,166,712 | ~$1,166,712 | ~1.8512% | ~$21,598 | +41.7% |
| 2030 | ~$1,273,034 | ~$1,273,034 | ~1.8024% | ~$22,945 | +54.7% |
In 2025, this property's market value of $823,109 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +58% 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 | $823,109 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $989,969 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $955,630 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $630,978 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $625,300 | $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.