48 EAST AVE 1110 78701
| Owner | OVIITAN OCHO LLC |
|---|---|
| Parcel ID | 0203032818 |
| Short ID | 958526 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,277 SF |
| Land SF | 107 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1110 0.5962%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $73,048 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $73,048 |
| Improvement | $715,619 |
|---|---|
| Total Improvement | $715,619 |
| Market | $788,667 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $788,667 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $788,667 |
| Taxable Value | $788,667 |
|---|
Appreciation: Market value has risen +246.4% from $227,667 (2023) to $788,667 (2025), a CAGR of 86.1% 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 $16,140. 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 9% of market value ($73,048 land vs $715,619 improvements), about $683/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $788,667, 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 +86.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,614,796 by 2030, with an estimated annual tax burden around $23,926. 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 | 1,277 SF | ✓ |
Market value changed by 297% 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% | $7,296.75 | $7,296.75 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,132.75 | $4,132.75 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,964.17 | $2,964.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $930.81 | $930.81 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $815.48 | $815.48 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,139.96 | $16,139.96 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $987,142 | $788,667 | +25.2% |
| Assessed Value | $946,400 | $788,667 | +20.0% |
| Land Value | $93,651 | $73,048 | +28.2% |
| Improvement Value | $893,491 | $715,619 | +24.9% |
| Taxable Value | $946,400 | $788,667 | +20.0% |
| HS Cap Loss | -$40,742 | — | |
| Total Tax 2026 = estimate |
~$19,368
Estimated
|
~$16,140
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,022,945 | $987,142 | -35,803 (-3.5%) |
| Taxable Value | $946,400 | $946,400 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $987,142 | $93,651 | $893,491 | −$40,742 | $946,400 | $946,400 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $788,667 | $73,048 | $715,619 | — | $788,667 | $788,667 | ~$16,140 | Partial |
| 2024 | $903,000 | — | — | −$829,952 | $73,048 | $— | $16,554 | Verified |
| 2023 | $227,667 | — | — | −$154,619 | $73,048 | $— | $16,338 | Verified |
| 2022 | $— | — | — | — | $53,200 | $— | $4,496 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +29.7% | +20.0% | 92.5% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | 1.9800% | Verified |
| 2023 | +296.6% ! | +296.6% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +246.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +25.2% | +103.0% | +78.6% | +296.6% | 2024 | -12.7% | 2025 |
| Assessment Ratio | 95.9% | 59.0% | — | 100.0% | 2025 | 8.1% | 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 |
$16,140 | $16,344 | ~$20,578 | $16,554 | 2024 | $16,140 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,467,880 | ~$867,534 | ~2.0139% | ~$17,472 | +86.1% |
| 2027 | ~$2,732,041 | ~$954,287 | ~1.9814% | ~$18,908 | +246.4% |
| 2028 | ~$5,084,919 | ~$1,049,716 | ~1.9488% | ~$20,457 | +544.7% |
| 2029 | ~$9,464,133 | ~$1,154,687 | ~1.9163% | ~$22,127 | +1100.0% |
| 2030 | ~$17,614,796 | ~$1,270,156 | ~1.8837% | ~$23,926 | +2133.5% |
| 2026 | ~$1,452,106 | ~$867,534 | ~2.0465% | ~$17,754 | +84.1% |
| 2027 | ~$2,673,642 | ~$954,287 | ~2.0465% | ~$19,529 | +239.0% |
| 2028 | ~$4,922,752 | ~$1,049,716 | ~2.0465% | ~$21,482 | +524.2% |
| 2029 | ~$9,063,850 | ~$1,154,687 | ~2.0465% | ~$23,630 | +1049.3% |
| 2030 | ~$16,688,505 | ~$1,270,156 | ~2.0465% | ~$25,994 | +2016.0% |
| 2026 | ~$1,483,653 | ~$867,534 | ~1.9977% | ~$17,330 | +88.1% |
| 2027 | ~$2,791,072 | ~$954,287 | ~1.9488% | ~$18,598 | +253.9% |
| 2028 | ~$5,250,609 | ~$1,049,716 | ~1.9000% | ~$19,945 | +565.8% |
| 2029 | ~$9,877,531 | ~$1,154,687 | ~1.8512% | ~$21,375 | +1152.4% |
| 2030 | ~$18,581,769 | ~$1,270,156 | ~1.8024% | ~$22,893 | +2256.1% |
In 2025, this property's market value of $788,667 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -44% 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 | $788,667 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $903,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $227,667 | $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.