7301 S INTERSTATE HY 35 1 TX
| Owner | CWS AUSTIN BENNETT APARTMENTS LP |
|---|---|
| Parcel ID | 0426070602 |
| Short ID | 942518 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 223,575 SF |
| Land SF | 588,970 SF |
| Acres | 13.521 |
| Year Built | 2024 |
| Legal | UNT 1 BENNETT TRACT CONDOMINIUM PLUS 80.1 % INT IN COM AREA |
| Neighborhood | 08SC1 |
| Land | $8,834,543 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,834,543 |
| Improvement | $42,935,457 |
|---|---|
| Total Improvement | $42,935,457 |
| Market | $51,770,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $51,770,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $51,770,000 |
| Taxable Value | $51,770,000 |
|---|
Appreciation: Market value has risen +1841.3% from $2,666,754 (2023) to $51,770,000 (2025), a CAGR of 340.6% over 2 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 fell -15.8%, 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 $1,059,465. 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 17% of market value ($8,834,543 land vs $42,935,457 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $51,770,000, 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 +340.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $85,963,915,675 by 2030, with an estimated annual tax burden around $1,619,338,814. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 223,575 SF | ✓ |
Market value changed by 814% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $478,976.04 | $478,976.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $271,283.60 | $271,283.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $194,574.96 | $194,574.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $61,100.51 | $61,100.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $53,530.18 | $53,530.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,059,465.29 | $1,059,465.29 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,100,000 | $51,770,000 | -12.9% |
| Assessed Value | $45,100,000 | $51,770,000 | -12.9% |
| Land Value | $8,834,543 | $8,834,543 | +0.0% |
| Improvement Value | $36,265,457 | $42,935,457 | -15.5% |
| Taxable Value | $45,100,000 | $51,770,000 | -12.9% |
| Total Tax 2026 = estimate |
~$922,965
Estimated
|
~$1,059,465
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $49,471,105 | $45,100,000 | -4,371,105 (-8.8%) |
| Taxable Value | $49,471,105 | $45,100,000 | -4,371,105 (-8.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $45,100,000 | $8,834,543 | $36,265,457 | — | $45,100,000 | $45,100,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $51,770,000 | $8,834,543 | $42,935,457 | — | $51,770,000 | $51,770,000 | ~$1,059,465 | Partial |
| 2024 | $24,362,517 | — | — | −$15,527,974 | $8,834,543 | $— | $1,031,580 | Verified |
| 2023 | $2,666,754 | — | — | −$899,845 | $1,766,909 | $— | $440,778 | Verified |
| 2022 | $— | — | — | — | $1,766,909 | $— | $52,666 | Verified |
| 2021 | $— | — | — | — | $1,766,909 | $— | $38,460 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.4% | -4.4% | ~100% | Not available | Partial |
| 2025 | -5.7% | -5.7% | ~100% | Not available | Partial |
| 2024 | +125.3% ! | +125.3% | ~100% | 1.8800% | Verified |
| 2023 | +813.6% ! | +813.6% | ~100% | 1.8100% | Verified |
| 2022 | +50.9% | +50.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2830.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.9% | +304.4% | +353.6% | +813.6% | 2024 | -12.9% | 2026 |
| Assessment Ratio | 100.0% | 75.7% | — | 100.0% | 2025 | 36.3% | 2024 |
| 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 |
$1,059,465 | $843,941 | ~$420,804,255 | $1,059,465 | 2025 | $440,778 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$228,100,255 | ~$228,100,255 | ~2.0139% | ~$4,593,794 | +340.6% |
| 2027 | ~$1,005,016,923 | ~$1,005,016,923 | ~1.9814% | ~$19,913,285 | +1841.3% |
| 2028 | ~$4,428,136,295 | ~$4,428,136,295 | ~1.9488% | ~$86,297,269 | +8453.5% |
| 2029 | ~$19,510,508,324 | ~$19,510,508,324 | ~1.9163% | ~$373,878,115 | +37586.9% |
| 2030 | ~$85,963,915,675 | ~$85,963,915,675 | ~1.8837% | ~$1,619,338,814 | +165949.7% |
| 2026 | ~$227,064,855 | ~$227,064,855 | ~2.0465% | ~$4,646,848 | +338.6% |
| 2027 | ~$995,913,621 | ~$995,913,621 | ~2.0465% | ~$20,381,223 | +1823.7% |
| 2028 | ~$4,368,108,586 | ~$4,368,108,586 | ~2.0465% | ~$89,392,687 | +8337.5% |
| 2029 | ~$19,158,662,170 | ~$19,158,662,170 | ~2.0465% | ~$392,079,148 | +36907.3% |
| 2030 | ~$84,030,497,169 | ~$84,030,497,169 | ~2.0465% | ~$1,719,671,520 | +162215.0% |
| 2026 | ~$229,135,655 | ~$229,135,655 | ~1.9977% | ~$4,577,356 | +342.6% |
| 2027 | ~$1,014,161,641 | ~$1,014,161,641 | ~1.9488% | ~$19,764,383 | +1859.0% |
| 2028 | ~$4,488,711,445 | ~$4,488,711,445 | ~1.9000% | ~$85,286,269 | +8570.5% |
| 2029 | ~$19,867,178,575 | ~$19,867,178,575 | ~1.8512% | ~$367,780,018 | +38275.9% |
| 2030 | ~$87,932,759,636 | ~$87,932,759,636 | ~1.8024% | ~$1,584,874,779 | +169752.7% |
In 2025, this property's market value of $51,770,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 100× 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 | $51,770,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $24,362,517 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,666,754 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | — | $300,453 | $376,850 | $539,896 | — | 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.