600 E F M RD 1626 TX
| Owner | SW DC PHASE II DEVELOPMENT LLC |
|---|---|
| Parcel ID | 0440110409 |
| Short ID | 934804 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 306,900 SF |
| Land SF | 697,047 SF |
| Acres | 16.002 |
| Year Built | 2022 |
| Legal | LOT 3 DOUBLE CREEK SUBD SEC 2 |
| Neighborhood | 1SO3 |
| Land | $13,940,942 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $13,940,942 |
| Improvement | $32,771,549 |
|---|---|
| Total Improvement | $32,771,549 |
| Market | $46,712,491 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $46,712,491 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $46,712,491 |
| Taxable Value | $46,712,491 |
|---|
Appreciation: Market value has risen +1575.4% from $2,788,188 (2021) to $46,712,491 (2025), a CAGR of 102.3% over 4 years. 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 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 $955,964. 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 30% of market value ($13,940,942 land vs $32,771,549 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $46,712,491, 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 +102.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,583,331,106 by 2030, with an estimated annual tax burden around $1,417,157. 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 | 306,900 SF | ✓ |
Market value changed by 424% 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% | $432,183.97 | $432,183.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $244,781.39 | $244,781.39 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $175,566.56 | $175,566.56 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $55,131.48 | $55,131.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $48,300.72 | $48,300.72 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $955,964.12 | $955,964.12 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $66,770,000 | $46,712,491 | +42.9% |
| Assessed Value | $66,770,000 | $46,712,491 | +42.9% |
| Land Value | $13,940,942 | $13,940,942 | +0.0% |
| Improvement Value | $52,829,058 | $32,771,549 | +61.2% |
| Taxable Value | $66,770,000 | $46,712,491 | +42.9% |
| Total Tax 2026 = estimate |
~$1,366,438
Estimated
|
~$955,964
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $70,571,464 | $66,770,000 | -3,801,464 (-5.4%) |
| Taxable Value | $70,571,464 | $66,770,000 | -3,801,464 (-5.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $66,770,000 | $13,940,942 | $52,829,058 | — | $66,770,000 | $66,770,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $46,712,491 | $13,940,942 | $32,771,549 | — | $46,712,491 | $46,712,491 | ~$955,964 | Partial |
| 2024 | $9,460,057 | — | — | — | $13,940,942 ! | $— | $624,848 | Verified |
| 2023 | $— | — | — | — | $9,460,057 | $— | $171,156 | Verified |
| 2022 | $— | — | — | — | $2,788,188 | $— | $55,065 | Verified |
| 2021 | $2,788,188 | — | — | — | $2,788,188 | $— | $60,690 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +51.1% | +51.1% | ~100% | Not available | Partial |
| 2025 | +48.2% | +48.2% | ~100% | Not available | Partial |
| 2024 | +115.7% ! | +115.7% | ~100% | 1.9800% | Verified |
| 2023 | +424.2% ! | +424.2% | ~100% | 1.1700% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1575.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +42.9% | +225.3% | +90.2% | +393.8% | 2025 | +42.9% | 2026 |
| Assessment Ratio | 100.0% | 111.8% | — | 147.4% | 2024 | 100.0% | 2021 |
| 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 |
$955,964 | $547,167 | ~$1,218,836 | $955,964 | 2025 | $60,690 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$94,506,302 | ~$51,383,740 | ~2.0139% | ~$1,034,836 | +102.3% |
| 2027 | ~$191,200,276 | ~$56,522,114 | ~1.9814% | ~$1,119,922 | +309.3% |
| 2028 | ~$386,826,535 | ~$62,174,326 | ~1.9488% | ~$1,211,678 | +728.1% |
| 2029 | ~$782,607,491 | ~$68,391,758 | ~1.9163% | ~$1,310,585 | +1575.4% |
| 2030 | ~$1,583,331,106 | ~$75,230,934 | ~1.8837% | ~$1,417,157 | +3289.5% |
| 2026 | ~$93,572,052 | ~$51,383,740 | ~2.0465% | ~$1,051,561 | +100.3% |
| 2027 | ~$187,438,708 | ~$56,522,114 | ~2.0465% | ~$1,156,717 | +301.3% |
| 2028 | ~$375,467,552 | ~$62,174,326 | ~2.0465% | ~$1,272,388 | +703.8% |
| 2029 | ~$752,117,232 | ~$68,391,758 | ~2.0465% | ~$1,399,627 | +1510.1% |
| 2030 | ~$1,506,602,443 | ~$75,230,934 | ~2.0465% | ~$1,539,590 | +3125.3% |
| 2026 | ~$95,440,552 | ~$51,383,740 | ~1.9977% | ~$1,026,474 | +104.3% |
| 2027 | ~$194,999,213 | ~$56,522,114 | ~1.9488% | ~$1,101,525 | +317.4% |
| 2028 | ~$398,412,333 | ~$62,174,326 | ~1.9000% | ~$1,181,323 | +752.9% |
| 2029 | ~$814,015,526 | ~$68,391,758 | ~1.8512% | ~$1,266,064 | +1642.6% |
| 2030 | ~$1,663,154,533 | ~$75,230,934 | ~1.8024% | ~$1,355,941 | +3460.4% |
In 2025, this property's market value of $46,712,491 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 90× 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 | $46,712,491 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $9,460,057 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $2,788,188 | $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.