48 EAST AVE 1004 78701
| Owner | LVLX LLC |
|---|---|
| Parcel ID | 0203032805 |
| Short ID | 958513 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,200 SF |
| Land SF | 101 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1004 0.5606%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $68,694 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $68,694 |
| Improvement | $782,856 |
|---|---|
| Total Improvement | $782,856 |
| Market | $851,550 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $851,550 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $851,550 |
| Taxable Value | $851,550 |
|---|
Appreciation: Market value has risen +297.8% from $214,074 (2023) to $851,550 (2025), a CAGR of 99.4% 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 $17,427. 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 ($68,694 land vs $782,856 improvements), about $680/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $851,550, 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 +99.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $26,873,592 by 2030, with an estimated annual tax burden around $25,834. 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 355% 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% | $7,878.54 | $7,878.54 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,462.27 | $4,462.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,200.51 | $3,200.51 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,005.02 | $1,005.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $880.50 | $880.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,426.84 | $17,426.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $830,969 | $851,550 | -2.4% |
| Assessed Value | $830,969 | $851,550 | -2.4% |
| Land Value | $88,069 | $68,694 | +28.2% |
| Improvement Value | $742,900 | $782,856 | -5.1% |
| Taxable Value | $830,969 | $851,550 | -2.4% |
| Total Tax 2026 = estimate |
~$17,006
Estimated
|
~$17,427
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $861,108 | $830,969 | -30,139 (-3.5%) |
| Taxable Value | $861,108 | $830,969 | -30,139 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $830,969 | $88,069 | $742,900 | — | $830,969 | $830,969 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $851,550 | $68,694 | $782,856 | — | $851,550 | $851,550 | ~$17,427 | Partial |
| 2024 | $975,000 | — | — | −$906,306 | $68,694 | $— | $17,873 | Verified |
| 2023 | $214,074 | — | — | −$145,380 | $68,694 | $— | $17,640 | Verified |
| 2022 | $— | — | — | — | $50,025 | $— | $4,228 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.1% | +1.1% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | 1.9800% | Verified |
| 2023 | +355.4% ! | +355.4% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +297.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.4% | +113.4% | +100.4% | +355.4% | 2024 | -12.7% | 2025 |
| Assessment Ratio | 100.0% | 59.8% | — | 100.0% | 2025 | 7.0% | 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 |
$17,427 | $17,647 | ~$22,219 | $17,873 | 2024 | $17,427 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,698,374 | ~$936,705 | ~2.0139% | ~$18,865 | +99.4% |
| 2027 | ~$3,387,321 | ~$1,030,376 | ~1.9814% | ~$20,416 | +297.8% |
| 2028 | ~$6,755,842 | ~$1,133,413 | ~1.9488% | ~$22,088 | +693.4% |
| 2029 | ~$13,474,188 | ~$1,246,754 | ~1.9163% | ~$23,891 | +1482.3% |
| 2030 | ~$26,873,592 | ~$1,371,430 | ~1.8837% | ~$25,834 | +3055.8% |
| 2026 | ~$1,681,343 | ~$936,705 | ~2.0465% | ~$19,170 | +97.4% |
| 2027 | ~$3,319,727 | ~$1,030,376 | ~2.0465% | ~$21,086 | +289.8% |
| 2028 | ~$6,554,634 | ~$1,133,413 | ~2.0465% | ~$23,195 | +669.7% |
| 2029 | ~$12,941,796 | ~$1,246,754 | ~2.0465% | ~$25,515 | +1419.8% |
| 2030 | ~$25,552,927 | ~$1,371,430 | ~2.0465% | ~$28,066 | +2900.8% |
| 2026 | ~$1,715,405 | ~$936,705 | ~1.9977% | ~$18,712 | +101.4% |
| 2027 | ~$3,455,597 | ~$1,030,376 | ~1.9488% | ~$20,080 | +305.8% |
| 2028 | ~$6,961,126 | ~$1,133,413 | ~1.9000% | ~$21,535 | +717.5% |
| 2029 | ~$14,022,840 | ~$1,246,754 | ~1.8512% | ~$23,080 | +1546.7% |
| 2030 | ~$28,248,307 | ~$1,371,430 | ~1.8024% | ~$24,718 | +3217.3% |
In 2025, this property's market value of $851,550 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -40% 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 | $851,550 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $975,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $214,074 | $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.