12001 HEATHERLY DR 78747
| Owner | HOUSING AUTHORITY OF THE |
|---|---|
| Parcel ID | 0447110109 |
| Short ID | 984893 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 245,086 SF |
| Land SF | 520,194 SF |
| Acres | 11.942 |
| Year Built | 2023 |
| Legal | THREE HILLS APARTMENTS FINAL PLAT BLK A LOT 2 ( PRORATE 1/1/24-3/4/24) |
| Neighborhood | SC3 |
| Land | $4,681,742 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,681,742 |
| Improvement | $54,057,203 |
|---|---|
| Total Improvement | $54,057,203 |
| Market | $58,738,945 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $58,738,945 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $58,738,945 |
| Taxable Value | $58,738,945 |
|---|
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 8% of market value ($4,681,742 land vs $54,057,203 improvements), about $9/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $58,738,945, 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.
No delinquent taxes on record.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 245,086 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,450,000 | $58,738,945 | -22.6% |
| Assessed Value | $45,450,000 | $58,738,945 | -22.6% |
| Land Value | $4,681,742 | $4,681,742 | +0.0% |
| Improvement Value | $40,768,258 | $54,057,203 | -24.6% |
| Taxable Value | — | — | — |
| Exemptions | — | F | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $56,533,171 | $45,450,000 | -11,083,171 (-19.6%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $45,450,000 | $4,681,742 | $40,768,258 | — | $45,450,000 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $58,738,945 | $4,681,742 | $54,057,203 | — | $58,738,945 | $— | not in county billing file ⓘ | Partial |
| 2024 | $— | — | — | — | $4,681,742 | $— | $52,470 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.8% | -3.8% | ~100% | Not available | Partial |
| 2025 | +11.9% | +11.9% | ~100% | Not available | Partial |
| 2024 | base year | — | ~100% | 0.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -22.6% | -22.6% | — | -22.6% | 2026 | -22.6% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
|
Tax Amount
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
In 2025, this property's market value of $58,738,945 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 113× 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 | $58,738,945 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | — | $467,458 | $564,615 | $848,565 | — | -6.3% |