48 EAST AVE SFU-R 78701
| Owner | 48 EAST COMMON AREA LLC |
|---|---|
| Parcel ID | 0203033051 |
| Short ID | 958759 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 170 SF |
| Acres | 0.004 |
| Year Built | — |
| Legal | 48 EAST CONDOMINIUMS UNT SFU-R UNIT 0.9500%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $84,770 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $84,770 |
| Improvement | $51,617 |
|---|---|
| Total Improvement | $51,617 |
| Market | $136,387 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $136,387 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $136,387 |
| Taxable Value | $136,387 |
|---|
Appreciation: Market value has fallen -62.4% from $362,770 (2022) to $136,387 (2025), a CAGR of -27.8% over 3 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +16.2%, so this parcel has lagged the broader commercial 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 $2,791. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 62% of market value ($84,770 land vs $51,617 improvements), about $499/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $136,387, this parcel sits in the bottom quartile (<25th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). Commercial here is the broad TCAD category — every commercial 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 -13.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $98,042 by 2031, with an estimated annual tax burden around $1,847. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 20,000 SF | ✓ |
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.
| 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% | $1,261.85 | $1,261.85 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $714.69 | $714.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $512.60 | $512.60 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $160.97 | $160.97 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $141.02 | $141.02 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,791.13 | $2,791.13 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,261.85 | 45.2% |
| CAT City of Austin | 0.5240% | $714.69 | 25.6% |
| TCO Travis County | 0.3758% | $512.60 | 18.4% |
| THD Travis Central Health | 0.1180% | $160.97 | 5.8% |
| ACT Austin Community College | 0.1034% | $141.02 | 5.1% |
| Total | 2.0465% | $2,791.13 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $202,810 | $136,387 | +48.7% |
| Assessed Value | $163,664 | $136,387 | +20.0% |
| Land Value | $148,348 | $84,770 | +75.0% |
| Improvement Value | $54,462 | $51,617 | +5.5% |
| Taxable Value | $163,664 | $136,387 | +20.0% |
| HS Cap Loss | -$39,146 | — | |
| Total Tax 2026 = estimate |
~$3,349
Estimated
|
~$2,791
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $202,810 | $148,348 | $54,462 | −$39,146 | $163,664 | $163,664 | Not yet — post-cert | Preliminary |
| 2025 | $136,387 | $84,770 | $51,617 | — | $136,387 | $136,387 | ~$2,791 | Partial |
| 2024 | $135,902 | $84,770 | $51,132 | — | $135,902 | $135,902 | $2,693 | Verified |
| 2023 | $5,624,220 | $84,770 | $5,539,450 | — | $5,624,220 | $5,624,220 | $2,589 | Verified |
| 2022 | $362,770 | $84,770 | $278,000 | — | $362,770 | $362,770 | $7,164 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +48.7% | +20.0% | 80.7% | Not available | Partial |
| 2025 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2024 | -97.6% ! | -97.6% | ~100% | No billing data | Verified |
| 2023 | +1450.4% ! | +1450.4% | ~100% | No billing data | Verified |
| 2022 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -62.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +48.7% | +350.5% | -13.5% | +1450.4% | 2023 | -97.6% | 2024 |
| Assessment Ratio | 80.7% | 96.1% | — | 100.0% | 2022 | 80.7% | 2026 |
| 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 |
$2,791 | $3,809 | ~$2,622 | $7,164 | 2022 | $2,589 | 2023 |
Market value changed by 1450% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$175,369 | ~$175,369 | ~2.0139% | ~$3,532 | -13.5% |
| 2028 | ~$151,642 | ~$151,642 | ~1.9814% | ~$3,005 | -25.2% |
| 2029 | ~$131,124 | ~$131,124 | ~1.9488% | ~$2,555 | -35.3% |
| 2030 | ~$113,383 | ~$113,383 | ~1.9163% | ~$2,173 | -44.1% |
| 2031 | ~$98,042 | ~$98,042 | ~1.8837% | ~$1,847 | -51.7% |
| 2027 | ~$192,670 | ~$180,030 | ~2.0465% | ~$3,684 | -5.0% |
| 2028 | ~$183,036 | ~$183,036 | ~2.0465% | ~$3,746 | -9.8% |
| 2029 | ~$173,884 | ~$173,884 | ~2.0465% | ~$3,559 | -14.3% |
| 2030 | ~$165,190 | ~$165,190 | ~2.0465% | ~$3,381 | -18.5% |
| 2031 | ~$156,931 | ~$156,931 | ~2.0465% | ~$3,212 | -22.6% |
| 2027 | ~$179,426 | ~$179,426 | ~1.9977% | ~$3,584 | -11.5% |
| 2028 | ~$158,738 | ~$158,738 | ~1.9488% | ~$3,094 | -21.7% |
| 2029 | ~$140,435 | ~$140,435 | ~1.9000% | ~$2,668 | -30.8% |
| 2030 | ~$124,242 | ~$124,242 | ~1.8512% | ~$2,300 | -38.7% |
| 2031 | ~$109,917 | ~$109,917 | ~1.8024% | ~$1,981 | -45.8% |
In 2025, this property's market value of $136,387 places it in the bottom 25% for Commercial properties in Travis County (13595 comparable) — -90% below the county median of $1,382,921. Commercial here is the broad TCAD category — every commercial 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 | $136,387 | $632,506 | $1,382,921 | $3,258,143 | ↓ Bottom 25% | -0.8% |
| 2024 | $135,902 | $647,500 | $1,401,787 | $3,362,090 | ↓ Bottom 25% | +0.0% |
| 2023 | $5,624,220 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $362,770 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2022–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |