2119 FRATE BARKER RD 78748
| Owner | 2119 FRATE BARKER ROAD LLC |
|---|---|
| Parcel ID | 0438252304 |
| Short ID | 964647 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 37,449 SF |
| Land SF | 87,051 SF |
| Acres | 1.998 |
| Year Built | 2024 |
| Legal | ARTISAN COVE SOUTH LOT 1 |
| Neighborhood | SC3 |
| Land | $522,306 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $522,306 |
| Improvement | $9,227,694 |
|---|---|
| Total Improvement | $9,227,694 |
| Market | $9,750,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,750,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,750,000 |
| Taxable Value | $9,750,000 |
|---|
Appreciation: Market value has risen +184.1% from $3,431,532 (2024) to $9,750,000 (2025), a CAGR of 184.1% 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 $158,191. 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 5% of market value ($522,306 land vs $9,227,694 improvements), about $6/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $9,750,000, 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 +184.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,805,458,160 by 2030, with an estimated annual tax burden around $232,546. 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 | 37,449 SF | ✓ |
Market value changed by 199% 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% | $90,207.00 | $90,207.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $36,644.89 | $36,644.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,507.24 | $11,507.24 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,081.50 | $10,081.50 | Paid |
| E05 Travis County ESD # 05 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $9,750.00 | $9,750.00 | Paid |
| Combined Rate | 1.7357% | 1.6122% | 1.4634% | 1.6042% | 1.6225% | +0.0183% | $158,190.63 | $158,190.63 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,750,000 | $9,750,000 | +0.0% |
| Assessed Value | $9,750,000 | $9,750,000 | +0.0% |
| Land Value | $522,306 | $522,306 | +0.0% |
| Improvement Value | $9,227,694 | $9,227,694 | +0.0% |
| Taxable Value | $9,750,000 | $9,750,000 | +0.0% |
| Total Tax 2026 = estimate |
~$158,191
Estimated
|
~$158,191
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,750,000 | $9,750,000 | +0 (+0.0%) |
| Taxable Value | $9,750,000 | $9,750,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,750,000 | $522,306 | $9,227,694 | — | $9,750,000 | $9,750,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $9,750,000 | $522,306 | $9,227,694 | — | $9,750,000 | $9,750,000 | ~$158,191 | Partial |
| 2024 | $3,431,532 | — | — | −$2,909,226 | $522,306 | $— | $153,180 | Verified |
| 2023 | $— | — | — | — | $522,306 | $— | $50,219 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -5.1% | -5.1% | ~100% | Not available | Partial |
| 2024 | +199.3% ! | +199.3% | ~100% | 1.4900% | Verified |
| 2023 | base year | — | ~100% | 1.4600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +184.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +92.0% | +184.1% | +184.1% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 71.7% | — | 100.0% | 2025 | 15.2% | 2024 |
| Effective Tax Rate (2025) | 1.6200% | 1.6200% | — | 1.6200% | 2025 | 1.6200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$158,191 | $155,685 | ~$200,646 | $158,191 | 2025 | $153,180 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$27,702,641 | ~$10,725,000 | ~1.5942% | ~$170,974 | +184.1% |
| 2027 | ~$78,711,419 | ~$11,797,500 | ~1.5659% | ~$184,733 | +707.3% |
| 2028 | ~$223,642,482 | ~$12,977,250 | ~1.5376% | ~$199,533 | +2193.8% |
| 2029 | ~$635,434,610 | ~$14,274,975 | ~1.5093% | ~$215,446 | +6417.3% |
| 2030 | ~$1,805,458,160 | ~$15,702,473 | ~1.4810% | ~$232,546 | +18417.5% |
| 2026 | ~$27,507,641 | ~$10,725,000 | ~1.6225% | ~$174,010 | +182.1% |
| 2027 | ~$77,607,213 | ~$11,797,500 | ~1.6225% | ~$191,411 | +696.0% |
| 2028 | ~$218,952,962 | ~$12,977,250 | ~1.6225% | ~$210,552 | +2145.7% |
| 2029 | ~$617,731,234 | ~$14,274,975 | ~1.6225% | ~$231,607 | +6235.7% |
| 2030 | ~$1,742,802,994 | ~$15,702,473 | ~1.6225% | ~$254,768 | +17774.9% |
| 2026 | ~$27,897,641 | ~$10,725,000 | ~1.5800% | ~$169,456 | +186.1% |
| 2027 | ~$79,823,424 | ~$11,797,500 | ~1.5376% | ~$181,394 | +718.7% |
| 2028 | ~$228,398,488 | ~$12,977,250 | ~1.4951% | ~$194,024 | +2242.5% |
| 2029 | ~$653,515,804 | ~$14,274,975 | ~1.4527% | ~$207,366 | +6602.7% |
| 2030 | ~$1,869,902,510 | ~$15,702,473 | ~1.4102% | ~$221,436 | +19078.5% |
In 2025, this property's market value of $9,750,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 19× 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 | $9,750,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $3,431,532 | $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.