48 EAST AVE 1210 78701
| Owner | LOFTON ZACHARY A |
|---|---|
| Parcel ID | 0203032829 |
| Short ID | 958537 |
| 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 1210 0.5962%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $73,048 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $73,048 |
| Improvement | $826,952 |
|---|---|
| Total Improvement | $826,952 |
| Market | $900,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $900,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $900,000 |
| Taxable Value | $900,000 |
|---|
Appreciation: Market value has risen +295.3% from $227,667 (2023) to $900,000 (2025), a CAGR of 98.8% 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 $18,418. 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 ($73,048 land vs $826,952 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 $900,000, 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 +98.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $27,963,953 by 2030, with an estimated annual tax burden around $27,304. 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 482% 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% | $8,326.80 | $8,326.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,716.15 | $4,716.15 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,382.61 | $3,382.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,062.21 | $1,062.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $930.60 | $930.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,418.37 | $18,418.37 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $750,000 | $900,000 | -16.7% |
| Assessed Value | $750,000 | $900,000 | -16.7% |
| Land Value | $93,651 | $73,048 | +28.2% |
| Improvement Value | $656,349 | $826,952 | -20.6% |
| Taxable Value | $750,000 | $900,000 | -16.7% |
| Total Tax 2026 = estimate |
~$15,349
Estimated
|
~$18,418
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $750,000 | $750,000 | +0 (+0.0%) |
| Taxable Value | $750,000 | $750,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $750,000 | $93,651 | $656,349 | — | $750,000 | $750,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $900,000 | $73,048 | $826,952 | — | $900,000 | $900,000 | ~$18,418 | Partial |
| 2024 | $1,324,769 | — | — | −$1,251,721 | $73,048 | $— | $19,520 | Verified |
| 2023 | $227,667 | — | — | −$154,619 | $73,048 | $— | $23,968 | Verified |
| 2022 | $— | — | — | — | $53,200 | $— | $4,496 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -16.7% | -16.7% | ~100% | Not available | Partial |
| 2025 | -8.6% | -8.6% | ~100% | Not available | Partial |
| 2024 | -25.6% | -25.6% | ~100% | 1.9800% | Verified |
| 2023 | +481.9% ! | +481.9% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +295.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -16.7% | +144.4% | +106.8% | +481.9% | 2024 | -32.1% | 2025 |
| 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 |
$18,418 | $20,636 | ~$23,483 | $23,968 | 2023 | $18,418 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,789,426 | ~$990,000 | ~2.0139% | ~$19,938 | +98.8% |
| 2027 | ~$3,557,828 | ~$1,089,000 | ~1.9814% | ~$21,577 | +295.3% |
| 2028 | ~$7,073,855 | ~$1,197,900 | ~1.9488% | ~$23,345 | +686.0% |
| 2029 | ~$14,064,599 | ~$1,317,690 | ~1.9163% | ~$25,251 | +1462.7% |
| 2030 | ~$27,963,953 | ~$1,449,459 | ~1.8837% | ~$27,304 | +3007.1% |
| 2026 | ~$1,771,426 | ~$990,000 | ~2.0465% | ~$20,260 | +96.8% |
| 2027 | ~$3,486,611 | ~$1,089,000 | ~2.0465% | ~$22,286 | +287.4% |
| 2028 | ~$6,862,525 | ~$1,197,900 | ~2.0465% | ~$24,515 | +662.5% |
| 2029 | ~$13,507,172 | ~$1,317,690 | ~2.0465% | ~$26,966 | +1400.8% |
| 2030 | ~$26,585,506 | ~$1,449,459 | ~2.0465% | ~$29,663 | +2853.9% |
| 2026 | ~$1,807,426 | ~$990,000 | ~1.9977% | ~$19,777 | +100.8% |
| 2027 | ~$3,629,765 | ~$1,089,000 | ~1.9488% | ~$21,223 | +303.3% |
| 2028 | ~$7,289,479 | ~$1,197,900 | ~1.9000% | ~$22,760 | +709.9% |
| 2029 | ~$14,639,104 | ~$1,317,690 | ~1.8512% | ~$24,393 | +1526.6% |
| 2030 | ~$29,398,995 | ~$1,449,459 | ~1.8024% | ~$26,125 | +3166.6% |
In 2025, this property's market value of $900,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -37% 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 | $900,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,324,769 | $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.