48 EAST AVE 1002 78701
| Owner | CHAUHAN HIMESH SINGH & AYANNA BURNS |
|---|---|
| Parcel ID | 0203032803 |
| Short ID | 958511 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 450 SF |
| Land SF | 36 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1002 0.2016%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $24,700 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $24,700 |
| Improvement | $364,032 |
|---|---|
| Total Improvement | $364,032 |
| Market | $388,732 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $388,732 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $388,732 |
| Taxable Value | $388,732 |
|---|
Appreciation: Market value has risen +404.9% from $76,985 (2023) to $388,732 (2025), a CAGR of 124.7% over 2 years. This is strong appreciation — well above typical inflation. 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 +0.2%, so this parcel has outpaced 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 $7,955. 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 6% of market value ($24,700 land vs $364,032 improvements), about $686/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $388,732, this parcel sits in the bottom quartile (<25th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). 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 +124.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $22,272,078 by 2030, with an estimated annual tax burden around $11,793. 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 | 450 SF | ✓ |
Market value changed by 505% 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% | $3,596.55 | $3,596.55 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,037.02 | $2,037.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,461.03 | $1,461.03 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $458.79 | $458.79 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $401.95 | $401.95 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $7,955.34 | $7,955.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $274,286 | $388,732 | -29.4% |
| Assessed Value | $274,286 | $388,732 | -29.4% |
| Land Value | $31,666 | $24,700 | +28.2% |
| Improvement Value | $242,620 | $364,032 | -33.4% |
| Taxable Value | $274,286 | $388,732 | -29.4% |
| Total Tax 2026 = estimate |
~$5,613
Estimated
|
~$7,955
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $321,555 | $274,286 | -47,269 (-14.7%) |
| Taxable Value | $321,555 | $274,286 | -47,269 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $274,286 | $31,666 | $242,620 | — | $274,286 | $274,286 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $388,732 | $24,700 | $364,032 | — | $388,732 | $388,732 | ~$7,955 | Partial |
| 2024 | $410,000 | — | — | −$385,300 | $24,700 | $— | $8,435 | Verified |
| 2023 | $76,985 | — | — | −$52,285 | $24,700 | $— | $7,473 | Verified |
| 2022 | $— | — | — | — | $17,990 | $— | $1,520 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -17.3% | -17.3% | ~100% | Not available | Partial |
| 2025 | -15.5% | -15.5% | ~100% | Not available | Partial |
| 2024 | -1.2% | -1.2% | ~100% | 1.8300% | Verified |
| 2023 | +505.0% ! | +505.0% | ~100% | 1.6000% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +404.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -29.4% | +132.7% | +143.5% | +432.6% | 2024 | -29.4% | 2026 |
| Assessment Ratio | 100.0% | 59.5% | — | 100.0% | 2025 | 6.0% | 2024 |
| 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 |
$7,955 | $7,955 | ~$10,143 | $8,435 | 2024 | $7,473 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$873,519 | ~$427,605 | ~2.0139% | ~$8,612 | +124.7% |
| 2027 | ~$1,962,883 | ~$470,366 | ~1.9814% | ~$9,320 | +404.9% |
| 2028 | ~$4,410,792 | ~$517,402 | ~1.9488% | ~$10,083 | +1034.7% |
| 2029 | ~$9,911,483 | ~$569,143 | ~1.9163% | ~$10,906 | +2449.7% |
| 2030 | ~$22,272,078 | ~$626,057 | ~1.8837% | ~$11,793 | +5629.4% |
| 2026 | ~$865,744 | ~$427,605 | ~2.0465% | ~$8,751 | +122.7% |
| 2027 | ~$1,928,098 | ~$470,366 | ~2.0465% | ~$9,626 | +396.0% |
| 2028 | ~$4,294,064 | ~$517,402 | ~2.0465% | ~$10,589 | +1004.6% |
| 2029 | ~$9,563,303 | ~$569,143 | ~2.0465% | ~$11,647 | +2360.1% |
| 2030 | ~$21,298,417 | ~$626,057 | ~2.0465% | ~$12,812 | +5378.9% |
| 2026 | ~$881,294 | ~$427,605 | ~1.9977% | ~$8,542 | +126.7% |
| 2027 | ~$1,997,980 | ~$470,366 | ~1.9488% | ~$9,167 | +414.0% |
| 2028 | ~$4,529,616 | ~$517,402 | ~1.9000% | ~$9,831 | +1065.2% |
| 2029 | ~$10,269,086 | ~$569,143 | ~1.8512% | ~$10,536 | +2541.7% |
| 2030 | ~$23,281,027 | ~$626,057 | ~1.8024% | ~$11,284 | +5889.0% |
In 2025, this property's market value of $388,732 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -73% below the county median of $1,417,484. 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 | $388,732 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $410,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $76,985 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
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.