10300 S IH 35 SVRD SB TX
| Owner | BELL FUND VII SOUTHPARK MEADOWS LLC |
|---|---|
| Parcel ID | 0436110203 |
| Short ID | 887111 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 175,200 SF |
| Land SF | 399,119 SF |
| Acres | 9.163 |
| Year Built | 2020 |
| Legal | LOT 1 LENOX SPRINGS SEC 2 |
| Neighborhood | 08SC3 |
| Land | $7,982,386 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,982,386 |
| Improvement | $35,687,614 |
|---|---|
| Total Improvement | $35,687,614 |
| Market | $43,670,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $43,670,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $43,670,000 |
| Taxable Value | $43,670,000 |
|---|
Appreciation: Market value has risen +769.7% from $5,021,110 (2021) to $43,670,000 (2025), a CAGR of 71.7% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $893,700. 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 18% of market value ($7,982,386 land vs $35,687,614 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $43,670,000, 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 +71.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $652,247,634 by 2030, with an estimated annual tax burden around $1,324,854. 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 | 175,200 SF | ✓ |
Market value changed by 157% in 2022, 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% | $404,034.84 | $404,034.84 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $228,838.22 | $228,838.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $164,131.51 | $164,131.51 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $51,540.64 | $51,540.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $45,154.78 | $45,154.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $893,699.99 | $893,699.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $37,410,000 | $43,670,000 | -14.3% |
| Assessed Value | $37,410,000 | $43,670,000 | -14.3% |
| Land Value | $7,982,386 | $7,982,386 | +0.0% |
| Improvement Value | $29,427,614 | $35,687,614 | -17.5% |
| Taxable Value | $37,410,000 | $43,670,000 | -14.3% |
| Total Tax 2026 = estimate |
~$765,590
Estimated
|
~$893,700
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $41,874,016 | $37,410,000 | -4,464,016 (-10.7%) |
| Taxable Value | $41,874,016 | $37,410,000 | -4,464,016 (-10.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $37,410,000 | $7,982,386 | $29,427,614 | — | $37,410,000 | $37,410,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $43,670,000 | $7,982,386 | $35,687,614 | — | $43,670,000 | $43,670,000 | ~$893,700 | Partial |
| 2024 | $48,730,000 | — | — | −$40,747,614 | $7,982,386 | $— | $859,687 | Verified |
| 2023 | $41,998,414 | — | — | −$34,016,028 | $7,982,386 | $— | $776,864 | Verified |
| 2022 | $17,048,341 | — | — | −$15,850,983 | $1,197,358 | $— | $833,337 | Verified |
| 2021 | $5,021,110 | — | — | −$2,980,411 | $2,040,699 | $— | $371,970 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.1% | -4.1% | ~100% | Not available | Partial |
| 2025 | -4.8% | -4.8% | ~100% | Not available | Partial |
| 2024 | -8.5% | -8.5% | ~100% | 1.8700% | Verified |
| 2023 | +9.1% | +9.1% | ~100% | 1.5500% | Verified |
| 2022 | +156.8% ! | +156.8% | ~100% | 1.8100% | Verified |
| 2021 | base year | — | ~100% | 7.4100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +144.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.3% | +75.4% | +77.5% | +239.5% | 2022 | -14.3% | 2026 |
| Assessment Ratio | 100.0% | 47.2% | — | 100.0% | 2025 | 7.0% | 2022 |
| 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 |
$893,700 | $747,111 | ~$1,139,450 | $893,700 | 2025 | $371,970 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$74,994,438 | ~$48,037,000 | ~2.0139% | ~$967,435 | +71.7% |
| 2027 | ~$128,787,858 | ~$52,840,700 | ~1.9814% | ~$1,046,979 | +194.9% |
| 2028 | ~$221,167,233 | ~$58,124,770 | ~1.9488% | ~$1,132,758 | +406.5% |
| 2029 | ~$379,810,221 | ~$63,937,247 | ~1.9163% | ~$1,225,224 | +769.7% |
| 2030 | ~$652,247,634 | ~$70,330,972 | ~1.8837% | ~$1,324,854 | +1393.6% |
| 2026 | ~$74,121,038 | ~$48,037,000 | ~2.0465% | ~$983,070 | +69.7% |
| 2027 | ~$125,805,548 | ~$52,840,700 | ~2.0465% | ~$1,081,377 | +188.1% |
| 2028 | ~$213,529,605 | ~$58,124,770 | ~2.0465% | ~$1,189,515 | +389.0% |
| 2029 | ~$362,423,541 | ~$63,937,247 | ~2.0465% | ~$1,308,466 | +729.9% |
| 2030 | ~$615,141,037 | ~$70,330,972 | ~2.0465% | ~$1,439,313 | +1308.6% |
| 2026 | ~$75,867,838 | ~$48,037,000 | ~1.9977% | ~$959,617 | +73.7% |
| 2027 | ~$131,805,104 | ~$52,840,700 | ~1.9488% | ~$1,029,780 | +201.8% |
| 2028 | ~$228,984,847 | ~$58,124,770 | ~1.9000% | ~$1,104,380 | +424.4% |
| 2029 | ~$397,815,098 | ~$63,937,247 | ~1.8512% | ~$1,183,602 | +811.0% |
| 2030 | ~$691,123,688 | ~$70,330,972 | ~1.8024% | ~$1,267,625 | +1482.6% |
In 2025, this property's market value of $43,670,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 84× 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 | $43,670,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $48,730,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $41,998,414 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $17,048,341 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $5,021,110 | $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.