1016 S PACE BEND RD TX 78669
| Owner | RIVERA ROBERTO & YOLANDA PEDRAZA |
|---|---|
| Parcel ID | 0554030303 |
| Short ID | 356581 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 2,288 SF |
| Land SF | 21,954 SF |
| Acres | 0.504 |
| Year Built | 1966 |
| Legal | 0.504 AC OF LOT 5 MANSELL ROBERT E SUBD |
| Neighborhood | Q3000 |
| Land | $140,138 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $140,138 |
| Improvement | $203,279 |
|---|---|
| Total Improvement | $203,279 |
| Market | $343,417 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $343,417 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $343,417 |
| Taxable Value | $343,417 |
|---|
Appreciation: Market value has risen +86.8% from $183,805 (2021) to $343,417 (2025), a CAGR of 16.9% 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 1.7041% in 2025 (+0.0281% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $5,852. Lake Travis ISD is the largest single contributor, at 61.0% 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 41% of market value ($140,138 land vs $203,279 improvements), about $6/SF of land. Most value sits in the improvements, so building condition, age (~60 yrs), and rent roll drive the underwriting.
Submarket Position: At $343,417, this parcel sits in the bottom quartile (<25th 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 +16.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $750,157 by 2030, with an estimated annual tax burden around $8,179. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,288 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,288 SF | ✗ |
| 051 | CARPORT DET 1ST | 273 SF | ✗ |
| 612 | TERRACE UNCOVERD | 224 SF | ✗ |
| 061 | CARPORT ATT 1ST | 216 SF | ✗ |
| 581 | STORAGE ATT | 184 SF | ✓ |
| 512 | DECK UNCOVRED | 100 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 39 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $3,570.51 | $3,570.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,290.72 | $1,290.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $405.31 | $405.31 | Paid |
| E08 Travis County ESD # 08 | 0.0970% | 0.0790% | 0.0810% | 0.0830% | 0.0930% | +0.0100% | $319.43 | $319.43 | Paid |
| E16 Travis County ESD # 16 | 0.0880% | 0.0740% | 0.0730% | 0.0750% | 0.0775% | +0.0025% | $266.15 | $266.15 | Paid |
| Combined Rate | 1.8843% | 1.7820% | 1.6334% | 1.6760% | 1.7041% | +0.0281% | $5,852.12 | $5,852.12 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $300,097 | $343,417 | -12.6% |
| Assessed Value | $300,097 | $343,417 | -12.6% |
| Land Value | $83,966 | $140,138 | -40.1% |
| Improvement Value | $216,131 | $203,279 | +6.3% |
| Taxable Value | $300,097 | $343,417 | -12.6% |
| Total Tax 2026 = estimate |
~$5,114
Estimated
|
~$5,852
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $310,981 | $300,097 | -10,884 (-3.5%) |
| Taxable Value | $310,981 | $300,097 | -10,884 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $300,097 | $83,966 | $216,131 | — | $300,097 | $300,097 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $343,417 | $140,138 | $203,279 | — | $343,417 | $343,417 | ~$5,852 | Partial |
| 2024 | $357,246 | — | — | −$219,746 | $137,500 | $— | $5,246 | Verified |
| 2023 | $343,284 | — | — | −$205,784 | $137,500 | $— | $5,835 | Verified |
| 2022 | $227,500 | — | — | −$90,000 | $137,500 | $— | $6,117 | Verified |
| 2021 | $183,805 | — | — | −$129,805 | $54,000 | $— | $4,287 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.4% | -9.4% | ~100% | Not available | Partial |
| 2025 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2024 | -7.8% | -7.8% | ~100% | 1.5000% | Verified |
| 2023 | -0.4% | -0.4% | ~100% | 1.5400% | Verified |
| 2022 | +63.0% | +63.0% | ~100% | 1.6000% | Verified |
| 2021 | base year | — | ~100% | 2.3300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +46.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.6% | +12.5% | +20.3% | +50.9% | 2023 | -12.6% | 2026 |
| Assessment Ratio | 100.0% | 61.4% | — | 100.0% | 2025 | 29.4% | 2021 |
| Effective Tax Rate (2025) | 1.7000% | 1.7000% | — | 1.7000% | 2025 | 1.7000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$5,852 | $5,468 | ~$7,197 | $6,117 | 2022 | $4,287 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$401,502 | ~$377,759 | ~1.6590% | ~$6,267 | +16.9% |
| 2027 | ~$469,412 | ~$415,535 | ~1.6140% | ~$6,707 | +36.7% |
| 2028 | ~$548,808 | ~$457,088 | ~1.5689% | ~$7,171 | +59.8% |
| 2029 | ~$641,632 | ~$502,797 | ~1.5239% | ~$7,662 | +86.8% |
| 2030 | ~$750,157 | ~$553,077 | ~1.4788% | ~$8,179 | +118.4% |
| 2026 | ~$394,634 | ~$377,759 | ~1.7041% | ~$6,437 | +14.9% |
| 2027 | ~$453,489 | ~$415,535 | ~1.7041% | ~$7,081 | +32.1% |
| 2028 | ~$521,122 | ~$457,088 | ~1.7041% | ~$7,789 | +51.7% |
| 2029 | ~$598,842 | ~$502,797 | ~1.7041% | ~$8,568 | +74.4% |
| 2030 | ~$688,152 | ~$553,077 | ~1.7041% | ~$9,425 | +100.4% |
| 2026 | ~$408,371 | ~$377,759 | ~1.6365% | ~$6,182 | +18.9% |
| 2027 | ~$485,609 | ~$415,535 | ~1.5689% | ~$6,519 | +41.4% |
| 2028 | ~$577,457 | ~$457,088 | ~1.5014% | ~$6,863 | +68.2% |
| 2029 | ~$686,676 | ~$502,797 | ~1.4338% | ~$7,209 | +100.0% |
| 2030 | ~$816,554 | ~$553,077 | ~1.3662% | ~$7,556 | +137.8% |
In 2025, this property's market value of $343,417 places it in the bottom 25% for Multi-Family properties in Travis County (12584 comparable) — -34% below 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 | $343,417 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $357,246 | $467,458 | $564,615 | $848,565 | ↓ Bottom 25% | -6.3% |
| 2023 | $343,284 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $227,500 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $183,805 | $300,453 | $376,850 | $539,896 | ↓ Bottom 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.