48 EAST AVE 1006 78701
| Owner | MALONE FAMILY INVESTMENTS LP |
|---|---|
| Parcel ID | 0203032807 |
| Short ID | 958515 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 412 SF |
| Land SF | 34 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1006 0.1869%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $22,898 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $22,898 |
| Improvement | $283,124 |
|---|---|
| Total Improvement | $283,124 |
| Market | $306,022 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $306,022 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $306,022 |
| Taxable Value | $306,022 |
|---|
Appreciation: Market value has risen +328.8% from $71,373 (2023) to $306,022 (2025), a CAGR of 107.1% 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 $6,263. 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 7% of market value ($22,898 land vs $283,124 improvements), about $673/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $306,022, 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 +107.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,649,288 by 2030, with an estimated annual tax burden around $9,284. 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 | 412 SF | ✓ |
Market value changed by 432% 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% | $2,831.32 | $2,831.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,603.61 | $1,603.61 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,150.17 | $1,150.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $361.18 | $361.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $316.43 | $316.43 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,262.71 | $6,262.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $245,000 | $306,022 | -19.9% |
| Assessed Value | $245,000 | $306,022 | -19.9% |
| Land Value | $29,356 | $22,898 | +28.2% |
| Improvement Value | $215,644 | $283,124 | -23.8% |
| Taxable Value | $245,000 | $306,022 | -19.9% |
| Total Tax 2026 = estimate |
~$5,014
Estimated
|
~$6,263
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $294,768 | $245,000 | -49,768 (-16.9%) |
| Taxable Value | $294,768 | $245,000 | -49,768 (-16.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $245,000 | $29,356 | $215,644 | — | $245,000 | $245,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $306,022 | $22,898 | $283,124 | — | $306,022 | $306,022 | ~$6,263 | Partial |
| 2024 | $380,000 | — | — | −$357,102 | $22,898 | $— | $6,778 | Verified |
| 2023 | $71,373 | — | — | −$48,475 | $22,898 | $— | $6,875 | Verified |
| 2022 | $— | — | — | — | $16,680 | $— | $1,410 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.7% | -3.7% | ~100% | Not available | Partial |
| 2025 | -10.5% | -10.5% | ~100% | Not available | Partial |
| 2024 | -10.0% | -10.0% | ~100% | 1.9800% | Verified |
| 2023 | +432.4% ! | +432.4% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +328.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.9% | +131.0% | +117.4% | +432.4% | 2024 | -19.9% | 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 |
$6,263 | $6,639 | ~$7,985 | $6,875 | 2023 | $6,263 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$633,668 | ~$336,624 | ~2.0139% | ~$6,779 | +107.1% |
| 2027 | ~$1,312,113 | ~$370,287 | ~1.9814% | ~$7,337 | +328.8% |
| 2028 | ~$2,716,944 | ~$407,315 | ~1.9488% | ~$7,938 | +787.8% |
| 2029 | ~$5,625,875 | ~$448,047 | ~1.9163% | ~$8,586 | +1738.4% |
| 2030 | ~$11,649,288 | ~$492,851 | ~1.8837% | ~$9,284 | +3706.7% |
| 2026 | ~$627,548 | ~$336,624 | ~2.0465% | ~$6,889 | +105.1% |
| 2027 | ~$1,286,889 | ~$370,287 | ~2.0465% | ~$7,578 | +320.5% |
| 2028 | ~$2,638,975 | ~$407,315 | ~2.0465% | ~$8,336 | +762.3% |
| 2029 | ~$5,411,648 | ~$448,047 | ~2.0465% | ~$9,169 | +1668.4% |
| 2030 | ~$11,097,464 | ~$492,851 | ~2.0465% | ~$10,086 | +3526.4% |
| 2026 | ~$639,789 | ~$336,624 | ~1.9977% | ~$6,725 | +109.1% |
| 2027 | ~$1,337,582 | ~$370,287 | ~1.9488% | ~$7,216 | +337.1% |
| 2028 | ~$2,796,434 | ~$407,315 | ~1.9000% | ~$7,739 | +813.8% |
| 2029 | ~$5,846,399 | ~$448,047 | ~1.8512% | ~$8,294 | +1810.5% |
| 2030 | ~$12,222,849 | ~$492,851 | ~1.8024% | ~$8,883 | +3894.1% |
In 2025, this property's market value of $306,022 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -78% 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 | $306,022 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $380,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $71,373 | $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.