48 EAST AVE 1208 78701
| Owner | MOUSTIRATS CHRISTOPHE |
|---|---|
| Parcel ID | 0203032827 |
| Short ID | 958535 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 803 SF |
| Land SF | 67 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1208 0.3742%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $45,844 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $45,844 |
| Improvement | $672,842 |
|---|---|
| Total Improvement | $672,842 |
| Market | $718,686 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $718,686 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $718,686 |
| Taxable Value | $718,686 |
|---|
Appreciation: Market value has risen +403.0% from $142,893 (2023) to $718,686 (2025), a CAGR of 124.3% 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 $14,708. 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 6% of market value ($45,844 land vs $672,842 improvements), about $684/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $718,686, 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 +124.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $40,771,788 by 2030, with an estimated annual tax burden around $21,803. 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 | 803 SF | ✓ |
Market value changed by 483% 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% | $6,649.28 | $6,649.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,766.04 | $3,766.04 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,701.15 | $2,701.15 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $848.21 | $848.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $743.12 | $743.12 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,707.80 | $14,707.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $553,000 | $718,686 | -23.1% |
| Assessed Value | $553,000 | $718,686 | -23.1% |
| Land Value | $58,774 | $45,844 | +28.2% |
| Improvement Value | $494,226 | $672,842 | -26.5% |
| Taxable Value | $553,000 | $718,686 | -23.1% |
| Total Tax 2026 = estimate |
~$11,317
Estimated
|
~$14,708
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $576,067 | $553,000 | -23,067 (-4.0%) |
| Taxable Value | $576,067 | $553,000 | -23,067 (-4.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $553,000 | $58,774 | $494,226 | — | $553,000 | $553,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $718,686 | $45,844 | $672,842 | — | $718,686 | $718,686 | ~$14,708 | Partial |
| 2024 | $832,949 | — | — | −$787,105 | $45,844 | $— | $15,085 | Verified |
| 2023 | $142,893 | — | — | −$97,049 | $45,844 | $— | $15,070 | Verified |
| 2022 | $— | — | — | — | $33,390 | $— | $2,822 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -19.8% | -19.8% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -8.6% | -8.6% | ~100% | 1.9800% | Verified |
| 2023 | +482.9% ! | +482.9% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +403.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.1% | +148.7% | +137.7% | +482.9% | 2024 | -23.1% | 2026 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 5.5% | 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 |
$14,708 | $14,954 | ~$18,752 | $15,085 | 2024 | $14,708 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,611,771 | ~$790,555 | ~2.0139% | ~$15,921 | +124.3% |
| 2027 | ~$3,614,660 | ~$869,610 | ~1.9814% | ~$17,230 | +403.0% |
| 2028 | ~$8,106,465 | ~$956,571 | ~1.9488% | ~$18,642 | +1028.0% |
| 2029 | ~$18,180,074 | ~$1,052,228 | ~1.9163% | ~$20,164 | +2429.6% |
| 2030 | ~$40,771,788 | ~$1,157,451 | ~1.8837% | ~$21,803 | +5573.1% |
| 2026 | ~$1,597,397 | ~$790,555 | ~2.0465% | ~$16,179 | +122.3% |
| 2027 | ~$3,550,476 | ~$869,610 | ~2.0465% | ~$17,796 | +394.0% |
| 2028 | ~$7,891,514 | ~$956,571 | ~2.0465% | ~$19,576 | +998.0% |
| 2029 | ~$17,540,180 | ~$1,052,228 | ~2.0465% | ~$21,534 | +2340.6% |
| 2030 | ~$38,985,919 | ~$1,157,451 | ~2.0465% | ~$23,687 | +5324.6% |
| 2026 | ~$1,626,145 | ~$790,555 | ~1.9977% | ~$15,793 | +126.3% |
| 2027 | ~$3,679,418 | ~$869,610 | ~1.9488% | ~$16,947 | +412.0% |
| 2028 | ~$8,325,285 | ~$956,571 | ~1.9000% | ~$18,175 | +1058.4% |
| 2029 | ~$18,837,318 | ~$1,052,228 | ~1.8512% | ~$19,479 | +2521.1% |
| 2030 | ~$42,622,512 | ~$1,157,451 | ~1.8024% | ~$20,862 | +5830.6% |
In 2025, this property's market value of $718,686 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -49% 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 | $718,686 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $832,949 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $142,893 | $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.