8515 INTERSTATE HY 35 78744
| Owner | MONARCH BLUFFS PROPERTY OWNER LLC |
|---|---|
| Parcel ID | 0431080547 |
| Short ID | 533185 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 299,189 SF |
| Land SF | 1,144,047 SF |
| Acres | 26.264 |
| Year Built | 2008 |
| Legal | LOT 1 & 2 BLK A SOUTH BEND AMENDED PLAT OF LOTS 1,2,5&6 (PRORATE 1/1/22 TO 7/12/22) |
| Neighborhood | SE1 |
| Land | $17,160,705 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $17,160,705 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $51,809,562 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $51,809,562 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $51,809,562 |
| Taxable Value | $51,809,562 |
|---|
Appreciation: Market value has risen +4.7% from $49,470,000 (2021) to $51,809,562 (2025), a CAGR of 1.2% over 4 years. Growth has been relatively flat for this asset class. 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.
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 33% of market value ($17,160,705 land vs $0 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $51,809,562, 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 +1.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $54,890,215 by 2030, with an estimated annual tax burden around $0. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 272,431 SF | ✗ |
| 1ST | 1st Floor | 149,595 SF | ✓ |
| 2ND | 2nd Floor | 149,594 SF | ✓ |
| MISC | Miscellaneous | 5,848 SF | ✓ |
| 601 | POOL COMM'L | 2,000 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 240 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 533185 | 8515 SOUTH LP | 8515 INTERSTATE HY 35 78744 | $17,160,705 | $17,160,705 | $0 |
| 975264 | MONARCH BLUFFS PROPERTY OWNER LLC | 8515 INTERSTATE HY 35 78744 | $31,806,561 | $31,806,561 | $0 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $48,967,266 | $51,809,562 | -5.5% |
| Assessed Value | $48,967,266 | $51,809,562 | -5.5% |
| Land Value | $17,160,705 | $17,160,705 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | — | — | — |
| Exemptions | — | E,F | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $48,967,266 | $48,967,266 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $48,967,266 | $17,160,705 | — | — | $48,967,266 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $51,809,562 | $17,160,705 | — | — | $51,809,562 | $— | not in county billing file ⓘ | Partial |
| 2024 | $43,392,422 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $65,700,000 | — | — | — | — | $— | $42,785 | Verified |
| 2022 | $50,600,000 | — | — | −$44,853,350 | $5,746,650 | $— | $682,533 | Verified |
| 2021 | $49,470,000 | — | — | −$43,723,350 | $5,746,650 | $— | $1,101,400 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.2% | -8.2% | ~100% | Not available | Partial |
| 2025 | +8.3% | +8.3% | ~100% | Not available | Partial |
| 2024 | -26.2% | -26.2% | ~100% | No billing data | Verified |
| 2023 | -34.0% | -34.0% | ~100% | 0.0900% | Verified |
| 2022 | +29.8% | +29.8% | ~100% | 1.0400% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -31.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.5% | +2.4% | +2.3% | +29.8% | 2023 | -34.0% | 2024 |
| Assessment Ratio | 100.0% | 55.8% | — | 100.0% | 2025 | 11.4% | 2022 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $42,785 | $608,906 | — | $1,101,400 | 2021 | $42,785 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$52,411,540 | ~$52,411,540 | ~0.0000% | ~$0 | +1.2% |
| 2027 | ~$53,020,513 | ~$53,020,513 | ~0.0000% | ~$0 | +2.3% |
| 2028 | ~$53,636,561 | ~$53,636,561 | ~0.0000% | ~$0 | +3.5% |
| 2029 | ~$54,259,768 | ~$54,259,768 | ~0.0000% | ~$0 | +4.7% |
| 2030 | ~$54,890,215 | ~$54,890,215 | ~0.0000% | ~$0 | +5.9% |
| 2026 | ~$51,375,349 | ~$51,375,349 | ~0.0000% | ~$0 | -0.8% |
| 2027 | ~$50,944,775 | ~$50,944,775 | ~0.0000% | ~$0 | -1.7% |
| 2028 | ~$50,517,810 | ~$50,517,810 | ~0.0000% | ~$0 | -2.5% |
| 2029 | ~$50,094,423 | ~$50,094,423 | ~0.0000% | ~$0 | -3.3% |
| 2030 | ~$49,674,585 | ~$49,674,585 | ~0.0000% | ~$0 | -4.1% |
| 2026 | ~$53,447,732 | ~$53,447,732 | ~0.0000% | ~$0 | +3.2% |
| 2027 | ~$55,137,699 | ~$55,137,699 | ~0.0000% | ~$0 | +6.4% |
| 2028 | ~$56,881,101 | ~$56,881,101 | ~0.0000% | ~$0 | +9.8% |
| 2029 | ~$58,679,627 | ~$58,679,627 | ~0.0000% | ~$0 | +13.3% |
| 2030 | ~$60,535,022 | ~$60,535,022 | ~0.0000% | ~$0 | +16.8% |
In 2025, this property's market value of $51,809,562 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 | $51,809,562 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $43,392,422 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $65,700,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $50,600,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $49,470,000 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |