More CostOfGrowth.com
TCAD Valuation vs. Actual Sales Price for 30 Properties
Compiled by Brian Rodgers 7/2009
Select an address to see a PDF with details of case TCAD Year 1 Current
SPTB Date  Sales   TCAD Value Year of Sale in BOLD   At Sale After Sale 2009
Comp Property Code Area Zoned Size Sold  Price  2005 2006 2007 2008 2009 % %  %
1 2nd & Congress - Austonian F1 CBD CBD 0.677 acres 12/12/2005             7,370,000             1,766,400      2,944,000     2,944,000      2,944,000      2,958,985 24% 40% 40%
2 401 Guadalupe  F1 CBD CBD-CURE 0.40551 acres 3/22/2007             4,800,000         2,337,736      1,309,130      1,067,073 49% 27% 22%
3 6th/5th/Nueces/San Antonio F1 CBD CBD-CURE-CO 1.1814 acres 12/13/2006             9,500,000        3,217,575     5,274,408      5,302,908      5,253,275 34% 56% 55%
4 East 3rd/Brazo/San Jacinto F1 CBD CBD-CURE 1.2165 acres 12/20/2006          10,863,360        3,456,557     4,960,798      4,959,421      4,868,145 32% 46% 45%
5 68-74 Rainey Street C1 CBD CBD .57 acres 10/22/2007 3,229,200                793,656          753,600          753,600 25% 23% 23%
6 SW Corner W 7th & Nueces F1 CBD CBD 0.665 acres 6/12/2006             3,333,275          1,862,845     2,516,197      2,463,409      2,481,261 56% 75% 74%
7 NE Corner E 9th & Neches C1A1 CBD CBD .406 acres 7/12/2006 1800000   735135 688500 706560 706560 41% 38% 39%
8 1200 Guadalupe C1 CBD DMU 0.316 acres 6/4/2007             1,500,000                619,200          619,200          619,200 41% 41% 41%
9 Trinity/7th/8th/Neches  F3 CBD CBD 1.619 acres 6/3/2009 9500000 see (2) below       3575964 38% N/A 38%
10 SE Corner E 3rd & San Jacinto F1F3 CBD CBD 0.4055 acres 3/8/2007             3,700,000         1,351,633      1,353,810      1,629,719 37% 37% 44%
11 2109 S. Congress F1 South CS/GR 1.17 acres 12/21/2006             2,400,000            707,880     1,348,968      1,352,888      1,068,480 29% 56% 45%
12 3512-3610 S. Lamar  F5 South GR-MU-CO 2.23 acres 7/7/2006             2,400,000            894,333     1,113,629          787,584          787,584 37% 46% 33%
13 6717 Circle S Road C1 South MF-3 8.127 acres 12/26/2006                830,000            481,220        481,220          481,220          481,220 58% 58% 58%
14 5525 East 51st C1 E CS-MU-CO-NP 4.0 acres 8/8/2007                350,000               87,120            87,120            87,120 25% 25% 25%
15 2600 San Pedro B1 UT MF-4 UNO 90' 0.98 acres 11/1/2007             5,700,000             1,506,781      3,833,402      3,833,402 26% 67% 67%
16 7119 Ben White E1 SE CS-MU 60.261 acres 4/10/2007             3,936,800             2,505,935      2,505,935      2,505,944 64% 64% 64%
17 NW Corner Hwy 71/620 C1D1F1 SW none 16.8 acres 5/1/2007          11,225,000             3,704,778      3,704,778      3,704,778 33% 33% 33%
18 Comanche Trail C1 W none 18.531 acres 4/17/2006             5,500,000              840,621        840,621          840,613          840,613 15% 15% 15%
19 NEC Siesta Shores & Bee Crk D2 W none 910 acres 1/8/2007          43,225,000             9,563,258    10,769,790    10,769,790 22% 25% 25%
20 Hamilton Pool Rd D1 W none 400 acres 3/31/2006             8,800,000          2,222,000     2,222,000      2,222,000      2,222,000 25% 25% 25%
21 11801 Dessau Road C1 NE none 6.08 acres 2/2/2006                700,000              236,966        236,966          236,966          236,966 34% 34% 34%
22 3800 Kelly Lane D2 NE none 60 acres 6/30/2005                899,850                 179,100          150,000        475,456          475,456          475,456 20% 17% 53%
23 19447 Wilke Ln E1 NE Comm 98.953 acres 10/15/2007          13,793,258                837,427      2,625,941      2,611,899 6% 19% 19%
24 8115 Springdale C1 E I-RR 4.072 acres 10/26/2006                450,000              248,326        248,326          248,626          248,626 55% 55% 55%
25 SEC corner SH 71 & FM 973 D1 SE none 389.447 acres 6/7/2006          28,500,000          6,510,438     6,489,916      6,620,599      6,620,599 23% 23% 23%
26 Hwy 183 across from Colton Rd E1/D1 SE none 167.281 acres 6/29/2006             2,750,000              460,638        595,344          613,344          613,344 17% 22% 22%
27 NE Corner 183 S and FM 969 C1 E CS-CS-NP 6.0086 acres 11/3/2006             1,300,000            159,026        159,026          457,853          457,853 12% 12% 35%
28 6517 Burleson Road F1 SE LI-PDA 7.90 acres 6/2/2008             1,300,000                  619,108          619,108 48% 48% 48%
29 NWC Slaughter & Old Lockhart  D2 SE none 20.228 acres 3/30/2006             1,057,358              121,368        121,368          157,744          157,744 11% 11% 15%
30 Colton-Bluff Sprg Rd D1 SE none 91.987 acres 6/5/2006                919,870              273,662        371,397          270,279          360,371 30% 40% 39%
Notes:   (1) 28 sales comps were obtained through open records from appraisals obtained through Travis County, City of Austin, one from a private appraisal and one from public news sources.
                (2) Sale Comparable #9 has sold twice in 2 years - October 2007 for $7 million and June 2009 for $9.5 million - see Appendix E for verification.