48 EAST AVE 1103 78701
| Owner | MARTIN LARRY |
|---|---|
| Parcel ID | 0203032811 |
| Short ID | 958519 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 641 SF |
| Land SF | 53 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1103 0.2969%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $36,384 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $36,384 |
| Improvement | $430,877 |
|---|---|
| Total Improvement | $430,877 |
| Market | $467,261 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $467,261 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $467,261 |
| Taxable Value | $467,261 |
|---|
Appreciation: Market value has risen +312.1% from $113,377 (2023) to $467,261 (2025), a CAGR of 103.0% 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 $9,562. 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 ($36,384 land vs $430,877 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 $467,261, 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 +103.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $16,111,871 by 2030, with an estimated annual tax burden around $14,176. 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 | 641 SF | ✓ |
Market value changed by 486% 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% | $4,323.10 | $4,323.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,448.53 | $2,448.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,756.18 | $1,756.18 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $551.48 | $551.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $483.15 | $483.15 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,562.44 | $9,562.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $454,928 | $467,261 | -2.6% |
| Assessed Value | $454,928 | $467,261 | -2.6% |
| Land Value | $46,646 | $36,384 | +28.2% |
| Improvement Value | $408,282 | $430,877 | -5.2% |
| Taxable Value | $454,928 | $467,261 | -2.6% |
| Total Tax 2026 = estimate |
~$9,310
Estimated
|
~$9,562
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $471,428 | $454,928 | -16,500 (-3.5%) |
| Taxable Value | $471,428 | $454,928 | -16,500 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $454,928 | $46,646 | $408,282 | — | $454,928 | $454,928 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $467,261 | $36,384 | $430,877 | — | $467,261 | $467,261 | ~$9,562 | Partial |
| 2024 | $535,000 | — | — | −$498,616 | $36,384 | $— | $9,808 | Verified |
| 2023 | $113,377 | — | — | −$76,993 | $36,384 | $— | $9,679 | Verified |
| 2022 | $— | — | — | — | $26,495 | $— | $2,239 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.9% | +0.9% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -25.5% | -25.5% | ~100% | 1.9800% | Verified |
| 2023 | +486.3% ! | +486.3% | ~100% | 1.4600% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +312.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.6% | +118.9% | +104.1% | +371.9% | 2024 | -12.7% | 2025 |
| Assessment Ratio | 100.0% | 59.7% | — | 100.0% | 2025 | 6.8% | 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 |
$9,562 | $9,683 | ~$12,192 | $9,808 | 2024 | $9,562 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$948,586 | ~$513,987 | ~2.0139% | ~$10,351 | +103.0% |
| 2027 | ~$1,925,724 | ~$565,386 | ~1.9814% | ~$11,202 | +312.1% |
| 2028 | ~$3,909,412 | ~$621,924 | ~1.9488% | ~$12,120 | +736.7% |
| 2029 | ~$7,936,494 | ~$684,117 | ~1.9163% | ~$13,110 | +1598.5% |
| 2030 | ~$16,111,871 | ~$752,529 | ~1.8837% | ~$14,176 | +3348.2% |
| 2026 | ~$939,241 | ~$513,987 | ~2.0465% | ~$10,519 | +101.0% |
| 2027 | ~$1,887,968 | ~$565,386 | ~2.0465% | ~$11,571 | +304.0% |
| 2028 | ~$3,795,003 | ~$621,924 | ~2.0465% | ~$12,728 | +712.2% |
| 2029 | ~$7,628,332 | ~$684,117 | ~2.0465% | ~$14,000 | +1532.6% |
| 2030 | ~$15,333,706 | ~$752,529 | ~2.0465% | ~$15,400 | +3181.6% |
| 2026 | ~$957,931 | ~$513,987 | ~1.9977% | ~$10,268 | +105.0% |
| 2027 | ~$1,963,855 | ~$565,386 | ~1.9488% | ~$11,018 | +320.3% |
| 2028 | ~$4,026,097 | ~$621,924 | ~1.9000% | ~$11,817 | +761.6% |
| 2029 | ~$8,253,899 | ~$684,117 | ~1.8512% | ~$12,664 | +1666.4% |
| 2030 | ~$16,921,312 | ~$752,529 | ~1.8024% | ~$13,563 | +3521.4% |
In 2025, this property's market value of $467,261 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -67% 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 | $467,261 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $535,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $113,377 | $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.