3715 S 1 ST TX 78704
| Owner | BELKORP HOLDINGS INC |
|---|---|
| Parcel ID | 0408040543 |
| Short ID | 311023 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 181,075 SF |
| Land SF | 274,132 SF |
| Acres | 6.293 |
| Year Built | 2013 |
| Legal | LOT 1-3 BLK A WILLIAMSON SUBD SEC 2 & 4.7361 ACR OF BLK 3 & 0.9821 ACR OF BLK 4 FORTVIEW ADDN (TOTAL ACR 6.3090) |
| Neighborhood | 08SC1 |
| Land | $30,154,497 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $30,154,497 |
| Improvement | $52,735,503 |
|---|---|
| Total Improvement | $52,735,503 |
| Market | $82,890,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $82,890,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $82,890,000 |
| Taxable Value | $82,890,000 |
|---|
Appreciation: Market value has risen +5832.1% from $1,397,302 (2021) to $82,890,000 (2025), a CAGR of 177.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→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 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 $1,696,331. 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 36% of market value ($30,154,497 land vs $52,735,503 improvements), about $110/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $82,890,000, 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 +177.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,646,364,376 by 2030, with an estimated annual tax burden around $2,514,705. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 139,104 SF | ✓ |
| 3RD | 3rd Floor | 74,973 SF | ✓ |
| 4TH | 4th Floor | 74,973 SF | ✓ |
| 2ND | 2nd Floor | 65,910 SF | ✓ |
| 1ST | 1st Floor | 40,192 SF | ✓ |
| 5TH | 5th Floor | 25,540 SF | ✓ |
| MISC | Miscellaneous | 6,761 SF | ✓ |
| 601 | POOL COMM'L | 2,000 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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% | $766,898.28 | $766,898.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $434,357.69 | $434,357.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $311,537.92 | $311,537.92 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $97,829.26 | $97,829.26 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $85,708.26 | $85,708.26 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,696,331.41 | $1,696,331.41 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $72,290,000 | $82,890,000 | -12.8% |
| Assessed Value | $72,290,000 | $82,890,000 | -12.8% |
| Land Value | $30,154,497 | $30,154,497 | +0.0% |
| Improvement Value | $42,135,503 | $52,735,503 | -20.1% |
| Taxable Value | $72,290,000 | $82,890,000 | -12.8% |
| Total Tax 2026 = estimate |
~$1,479,404
Estimated
|
~$1,696,331
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $77,067,096 | $72,290,000 | -4,777,096 (-6.2%) |
| Taxable Value | $77,067,096 | $72,290,000 | -4,777,096 (-6.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $72,290,000 | $30,154,497 | $42,135,503 | — | $72,290,000 | $72,290,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $82,890,000 | $30,154,497 | $52,735,503 | — | $82,890,000 | $82,890,000 | ~$1,696,331 | Partial |
| 2024 | $106,350,000 | — | — | — | — | $— | $1,732,140 | Verified |
| 2023 | $97,200,000 | — | — | — | — | $— | $1,741,779 | Verified |
| 2022 | $— | — | — | — | — | $— | $1,845,514 | Verified |
| 2021 | $1,397,302 | — | — | — | — | $— | $1,646,712 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2025 | -12.6% | -12.6% | ~100% | Not available | Partial |
| 2024 | -10.8% | -10.8% | ~100% | 1.8300% | Verified |
| 2023 | +9.4% | +9.4% | ~100% | 1.6400% | Verified |
| 2022 | +26.7% | +26.7% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.8% | +1707.7% | +185.7% | +6856.3% | 2023 | -22.1% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$1,696,331 | $1,704,241 | ~$2,162,789 | $1,741,779 | 2023 | $1,646,712 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$230,040,925 | ~$91,179,000 | ~2.0139% | ~$1,836,287 | +177.5% |
| 2027 | ~$638,422,330 | ~$100,296,900 | ~1.9814% | ~$1,987,271 | +670.2% |
| 2028 | ~$1,771,785,054 | ~$110,326,590 | ~1.9488% | ~$2,150,088 | +2037.5% |
| 2029 | ~$4,917,156,134 | ~$121,359,249 | ~1.9163% | ~$2,325,596 | +5832.1% |
| 2030 | ~$13,646,364,376 | ~$133,495,174 | ~1.8837% | ~$2,514,705 | +16363.2% |
| 2026 | ~$228,383,125 | ~$91,179,000 | ~2.0465% | ~$1,865,965 | +175.5% |
| 2027 | ~$629,253,849 | ~$100,296,900 | ~2.0465% | ~$2,052,561 | +659.1% |
| 2028 | ~$1,733,755,100 | ~$110,326,590 | ~2.0465% | ~$2,257,817 | +1991.6% |
| 2029 | ~$4,776,938,195 | ~$121,359,249 | ~2.0465% | ~$2,483,599 | +5663.0% |
| 2030 | ~$13,161,685,013 | ~$133,495,174 | ~2.0465% | ~$2,731,959 | +15778.5% |
| 2026 | ~$231,698,725 | ~$91,179,000 | ~1.9977% | ~$1,821,448 | +179.5% |
| 2027 | ~$647,657,123 | ~$100,296,900 | ~1.9488% | ~$1,954,626 | +681.3% |
| 2028 | ~$1,810,367,106 | ~$110,326,590 | ~1.9000% | ~$2,096,224 | +2084.1% |
| 2029 | ~$5,060,438,526 | ~$121,359,249 | ~1.8512% | ~$2,246,595 | +6005.0% |
| 2030 | ~$14,145,218,388 | ~$133,495,174 | ~1.8024% | ~$2,406,079 | +16965.0% |
In 2025, this property's market value of $82,890,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 159× 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 | $82,890,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $106,350,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $97,200,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $1,397,302 | $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.