2212 LYNNBROOK DR 78748
| Owner | SHELBY RANCH INVESTMENT LP |
|---|---|
| Parcel ID | 0432230358 |
| Short ID | 967959 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 320,000 SF |
| Land SF | 323,912 SF |
| Acres | 7.436 |
| Year Built | 2024 |
| Legal | SHELBY RANCH BLK A LOT 1 |
| Neighborhood | SC3 |
| Land | $323,912 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $323,912 |
| Improvement | $69,156,088 |
|---|---|
| Total Improvement | $69,156,088 |
| Market | $69,480,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $69,480,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $69,480,000 |
| Taxable Value | $69,480,000 |
|---|
Appreciation: Market value has risen +6468.7% from $1,057,736 (2024) to $69,480,000 (2025), a CAGR of 6468.7% over 1 year. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 fell -7.9%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 1.6225% in 2025 (+0.0183% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,127,291. Austin ISD is the largest single contributor, at 57.0% 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 0% of market value ($323,912 land vs $69,156,088 improvements), about $1/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $69,480,000, 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 +6468.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $84,971,332,665,637,488 by 2030, with an estimated annual tax burden around $1,258,386,562,393,397. 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 | 320,000 SF | ✓ |
Market value changed by 1137% in 2024, 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% | $555,120.00 | $555,120.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $225,507.00 | $225,507.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $70,813.80 | $70,813.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $62,040.00 | $62,040.00 | Paid |
| E05 Travis County ESD # 05 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $60,000.00 | $60,000.00 | Paid |
| Combined Rate | 1.7357% | 1.6122% | 1.4634% | 1.6042% | 1.6225% | +0.0183% | $973,480.80 | $973,480.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $69,000,000 | $69,480,000 | -0.7% |
| Assessed Value | $69,000,000 | $69,480,000 | -0.7% |
| Land Value | $323,912 | $323,912 | +0.0% |
| Improvement Value | $68,676,088 | $69,156,088 | -0.7% |
| Taxable Value | $69,000,000 | $69,480,000 | -0.7% |
| Total Tax 2026 = estimate |
~$1,119,503
Estimated
|
~$973,481
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $69,000,000 | $69,000,000 | +0 (+0.0%) |
| Taxable Value | $69,000,000 | $69,000,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $69,000,000 | $323,912 | $68,676,088 | — | $69,000,000 | $69,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $69,480,000 | $323,912 | $69,156,088 | — | $69,480,000 | $69,480,000 | ~$973,481 | Partial |
| 2024 | $1,057,736 | — | — | −$733,824 | $323,912 | $— | $209,914 | Verified |
| 2023 | $— | — | — | — | $323,912 | $— | $15,479 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.7% | -0.7% | ~100% | Not available | Partial |
| 2025 | +431.0% ! | +431.0% | ~100% | Not available | Partial |
| 2024 | +1137.1% ! | +1137.1% | ~100% | 1.6000% | Verified |
| 2023 | base year | — | ~100% | 1.4600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6468.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.7% | +3234.0% | +6477.9% | +6468.7% | 2025 | -0.7% | 2026 |
| Assessment Ratio | 100.0% | 76.9% | — | 100.0% | 2025 | 30.6% | 2024 |
| Effective Tax Rate (2025) | 1.4000% | 1.4000% | — | 1.4000% | 2025 | 1.4000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$973,481 | $591,698 | ~$255,643,482,498,776 | $973,481 | 2025 | $209,914 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,563,965,299 | ~$4,563,965,299 | ~1.5942% | ~$72,757,149 | +6468.7% |
| 2027 | ~$299,795,326,062 | ~$299,795,326,062 | ~1.5659% | ~$4,694,382,588 | +431384.3% |
| 2028 | ~$19,692,795,985,732 | ~$19,692,795,985,732 | ~1.5376% | ~$302,788,504,726 | +28343014.5% |
| 2029 | ~$1,293,569,912,614,000 | ~$1,293,569,912,614,000 | ~1.5093% | ~$19,523,294,456,021 | +1861787339.0% |
| 2030 | ~$84,971,332,665,637,488 | ~$84,971,332,665,637,488 | ~1.4810% | ~$1,258,386,562,393,397 | +122296103333.6% |
| 2026 | ~$4,562,575,699 | ~$4,562,575,699 | ~1.6225% | ~$74,026,331 | +6466.7% |
| 2027 | ~$299,612,795,242 | ~$299,612,795,242 | ~1.6225% | ~$4,861,121,727 | +431121.6% |
| 2028 | ~$19,674,813,742,371 | ~$19,674,813,742,371 | ~1.6225% | ~$319,217,557,030 | +28317133.4% |
| 2029 | ~$1,291,995,208,297,888 | ~$1,291,995,208,297,888 | ~1.6225% | ~$20,962,208,816,167 | +1859520925.2% |
| 2030 | ~$84,842,054,421,580,080 | ~$84,842,054,421,580,080 | ~1.6225% | ~$1,376,535,183,532,722 | +122110037927.6% |
| 2026 | ~$4,565,354,899 | ~$4,565,354,899 | ~1.5800% | ~$72,133,241 | +6470.7% |
| 2027 | ~$299,977,912,466 | ~$299,977,912,466 | ~1.5376% | ~$4,612,339,641 | +431647.1% |
| 2028 | ~$19,710,789,182,610 | ~$19,710,789,182,610 | ~1.4951% | ~$294,697,117,801 | +28368911.5% |
| 2029 | ~$1,295,146,055,947,699 | ~$1,295,146,055,947,699 | ~1.4527% | ~$18,813,958,608,915 | +1864055823.9% |
| 2030 | ~$85,100,768,452,070,064 | ~$85,100,768,452,070,064 | ~1.4102% | ~$1,200,088,802,815,920 | +122482395484.4% |
In 2025, this property's market value of $69,480,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 134× 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 | $69,480,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,057,736 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
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.