48 EAST AVE 1111 78701
| Owner | OVIITAN OCHO LLC |
|---|---|
| Parcel ID | 0203032819 |
| Short ID | 958527 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,036 SF |
| Land SF | 87 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1111 0.4824%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $59,098 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $59,098 |
| Improvement | $606,421 |
|---|---|
| Total Improvement | $606,421 |
| Market | $665,519 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $665,519 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $665,519 |
| Taxable Value | $665,519 |
|---|
Appreciation: Market value has risen +261.3% from $184,211 (2023) to $665,519 (2025), a CAGR of 90.1% 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 $13,620. 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 ($59,098 land vs $606,421 improvements), about $679/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $665,519, 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 +90.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $16,510,974 by 2030, with an estimated annual tax burden around $20,190. 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 | 1,036 SF | ✓ |
Market value changed by 314% 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% | $6,157.38 | $6,157.38 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,487.43 | $3,487.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,501.32 | $2,501.32 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $785.47 | $785.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $688.15 | $688.15 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,619.75 | $13,619.75 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $717,147 | $665,519 | +7.8% |
| Assessed Value | $717,147 | $665,519 | +7.8% |
| Land Value | $75,766 | $59,098 | +28.2% |
| Improvement Value | $641,381 | $606,421 | +5.8% |
| Taxable Value | $717,147 | $665,519 | +7.8% |
| Total Tax 2026 = estimate |
~$14,676
Estimated
|
~$13,620
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $743,158 | $717,147 | -26,011 (-3.5%) |
| Taxable Value | $743,158 | $717,147 | -26,011 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $717,147 | $75,766 | $641,381 | — | $717,147 | $717,147 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $665,519 | $59,098 | $606,421 | — | $665,519 | $665,519 | ~$13,620 | Partial |
| 2024 | $762,000 | — | — | −$702,902 | $59,098 | $— | $13,969 | Verified |
| 2023 | $184,211 | — | — | −$125,113 | $59,098 | $— | $13,786 | Verified |
| 2022 | $— | — | — | — | $43,045 | $— | $3,638 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.7% | +11.7% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | 1.9800% | Verified |
| 2023 | +313.7% ! | +313.7% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +261.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.8% | +102.9% | +87.3% | +313.7% | 2024 | -12.7% | 2025 |
| Assessment Ratio | 100.0% | 60.0% | — | 100.0% | 2025 | 7.8% | 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 |
$13,620 | $13,792 | ~$17,365 | $13,969 | 2024 | $13,620 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,264,978 | ~$732,071 | ~2.0139% | ~$14,743 | +90.1% |
| 2027 | ~$2,404,392 | ~$805,278 | ~1.9814% | ~$15,956 | +261.3% |
| 2028 | ~$4,570,122 | ~$885,806 | ~1.9488% | ~$17,263 | +586.7% |
| 2029 | ~$8,686,609 | ~$974,386 | ~1.9163% | ~$18,672 | +1205.2% |
| 2030 | ~$16,510,974 | ~$1,071,825 | ~1.8837% | ~$20,190 | +2380.9% |
| 2026 | ~$1,251,667 | ~$732,071 | ~2.0465% | ~$14,982 | +88.1% |
| 2027 | ~$2,354,060 | ~$805,278 | ~2.0465% | ~$16,480 | +253.7% |
| 2028 | ~$4,427,371 | ~$885,806 | ~2.0465% | ~$18,128 | +565.3% |
| 2029 | ~$8,326,729 | ~$974,386 | ~2.0465% | ~$19,941 | +1151.2% |
| 2030 | ~$15,660,403 | ~$1,071,825 | ~2.0465% | ~$21,935 | +2253.1% |
| 2026 | ~$1,278,288 | ~$732,071 | ~1.9977% | ~$14,624 | +92.1% |
| 2027 | ~$2,455,258 | ~$805,278 | ~1.9488% | ~$15,694 | +268.9% |
| 2028 | ~$4,715,909 | ~$885,806 | ~1.9000% | ~$16,830 | +608.6% |
| 2029 | ~$9,058,030 | ~$974,386 | ~1.8512% | ~$18,038 | +1261.0% |
| 2030 | ~$17,398,109 | ~$1,071,825 | ~1.8024% | ~$19,318 | +2514.2% |
In 2025, this property's market value of $665,519 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -53% 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 | $665,519 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $762,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $184,211 | $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.