48 EAST AVE 1003 78701
| Owner | LVLX LLC |
|---|---|
| Parcel ID | 0203032804 |
| Short ID | 958512 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,200 SF |
| Land SF | 100 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1003 0.5568%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $68,223 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $68,223 |
| Improvement | $818,668 |
|---|---|
| Total Improvement | $818,668 |
| Market | $886,891 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $886,891 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $886,891 |
| Taxable Value | $886,891 |
|---|
Appreciation: Market value has risen +317.1% from $212,622 (2023) to $886,891 (2025), a CAGR of 104.2% 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 $18,150. 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 8% of market value ($68,223 land vs $818,668 improvements), about $682/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $886,891, this parcel sits in the lower-middle (25th–50th 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 +104.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $31,515,585 by 2030, with an estimated annual tax burden around $26,906. 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 | 1,200 SF | ✓ |
Market value changed by 417% 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% | $8,205.52 | $8,205.52 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,647.46 | $4,647.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,333.34 | $3,333.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,046.74 | $1,046.74 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $917.05 | $917.05 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,150.11 | $18,150.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $830,386 | $886,891 | -6.4% |
| Assessed Value | $830,386 | $886,891 | -6.4% |
| Land Value | $87,465 | $68,223 | +28.2% |
| Improvement Value | $742,921 | $818,668 | -9.3% |
| Taxable Value | $830,386 | $886,891 | -6.4% |
| Total Tax 2026 = estimate |
~$16,994
Estimated
|
~$18,150
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $860,504 | $830,386 | -30,118 (-3.5%) |
| Taxable Value | $860,504 | $830,386 | -30,118 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $830,386 | $87,465 | $742,921 | — | $830,386 | $830,386 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $886,891 | $68,223 | $818,668 | — | $886,891 | $886,891 | ~$18,150 | Partial |
| 2024 | $1,100,000 | — | — | −$1,031,777 | $68,223 | $— | $18,615 | Verified |
| 2023 | $212,622 | — | — | −$144,399 | $68,223 | $— | $19,902 | Verified |
| 2022 | $— | — | — | — | $49,685 | $— | $4,199 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.0% | -3.0% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -14.6% | -14.6% | ~100% | 1.9800% | Verified |
| 2023 | +417.4% ! | +417.4% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +317.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.4% | +130.5% | +107.0% | +417.4% | 2024 | -19.4% | 2025 |
| Assessment Ratio | 100.0% | 59.6% | — | 100.0% | 2025 | 6.2% | 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 |
$18,150 | $18,889 | ~$23,141 | $19,902 | 2023 | $18,150 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,811,345 | ~$975,580 | ~2.0139% | ~$19,648 | +104.2% |
| 2027 | ~$3,699,409 | ~$1,073,138 | ~1.9814% | ~$21,263 | +317.1% |
| 2028 | ~$7,555,502 | ~$1,180,452 | ~1.9488% | ~$23,005 | +751.9% |
| 2029 | ~$15,431,010 | ~$1,298,497 | ~1.9163% | ~$24,883 | +1639.9% |
| 2030 | ~$31,515,585 | ~$1,428,347 | ~1.8837% | ~$26,906 | +3453.5% |
| 2026 | ~$1,793,608 | ~$975,580 | ~2.0465% | ~$19,965 | +102.2% |
| 2027 | ~$3,627,309 | ~$1,073,138 | ~2.0465% | ~$21,962 | +309.0% |
| 2028 | ~$7,335,704 | ~$1,180,452 | ~2.0465% | ~$24,158 | +727.1% |
| 2029 | ~$14,835,390 | ~$1,298,497 | ~2.0465% | ~$26,574 | +1572.7% |
| 2030 | ~$30,002,411 | ~$1,428,347 | ~2.0465% | ~$29,231 | +3282.9% |
| 2026 | ~$1,829,083 | ~$975,580 | ~1.9977% | ~$19,489 | +106.2% |
| 2027 | ~$3,772,217 | ~$1,073,138 | ~1.9488% | ~$20,914 | +325.3% |
| 2028 | ~$7,779,647 | ~$1,180,452 | ~1.9000% | ~$22,429 | +777.2% |
| 2029 | ~$16,044,387 | ~$1,298,497 | ~1.8512% | ~$24,038 | +1709.1% |
| 2030 | ~$33,089,205 | ~$1,428,347 | ~1.8024% | ~$25,744 | +3630.9% |
In 2025, this property's market value of $886,891 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -37% 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 | $886,891 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,100,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $212,622 | $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.