48 EAST AVE 1311 78701
| Owner | BOWMAN BROCK & ERIC BOWMAN |
|---|---|
| Parcel ID | 0203032841 |
| Short ID | 958549 |
| 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 1311 0.4824%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $59,098 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $59,098 |
| Improvement | $651,837 |
|---|---|
| Total Improvement | $651,837 |
| Market | $710,935 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $710,935 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $710,935 |
| Taxable Value | $710,935 |
|---|
Appreciation: Market value has risen +285.9% from $184,211 (2023) to $710,935 (2025), a CAGR of 96.5% 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 $14,549. 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 ($59,098 land vs $651,837 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 $710,935, 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 +96.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $20,802,510 by 2030, with an estimated annual tax burden around $21,568. 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 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% | $6,577.57 | $6,577.57 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,725.42 | $3,725.42 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,672.01 | $2,672.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $839.07 | $839.07 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $735.11 | $735.11 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,549.18 | $14,549.18 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $717,147 | $710,935 | +0.9% |
| Assessed Value | $717,147 | $710,935 | +0.9% |
| Land Value | $75,766 | $59,098 | +28.2% |
| Improvement Value | $641,381 | $651,837 | -1.6% |
| Taxable Value | $717,147 | $710,935 | +0.9% |
| Total Tax 2026 = estimate |
~$14,676
Estimated
|
~$14,549
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 | $710,935 | $59,098 | $651,837 | — | $710,935 | $710,935 | ~$14,549 | Partial |
| 2024 | $814,000 | — | — | −$754,902 | $59,098 | $— | $14,922 | Verified |
| 2023 | $184,211 | — | — | −$125,113 | $59,098 | $— | $14,727 | Verified |
| 2022 | $— | — | — | — | $43,045 | $— | $3,638 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.5% | +4.5% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -29.9% | -29.9% | ~100% | 1.9800% | Verified |
| 2023 | +483.3% ! | +483.3% | ~100% | 1.3700% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +285.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.9% | +110.0% | +96.1% | +341.9% | 2024 | -12.7% | 2025 |
| Assessment Ratio | 100.0% | 59.9% | — | 100.0% | 2025 | 7.3% | 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 |
$14,549 | $14,733 | ~$18,550 | $14,922 | 2024 | $14,549 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,396,648 | ~$782,029 | ~2.0139% | ~$15,750 | +96.5% |
| 2027 | ~$2,743,748 | ~$860,231 | ~1.9814% | ~$17,045 | +285.9% |
| 2028 | ~$5,390,157 | ~$946,254 | ~1.9488% | ~$18,441 | +658.2% |
| 2029 | ~$10,589,088 | ~$1,040,880 | ~1.9163% | ~$19,946 | +1389.5% |
| 2030 | ~$20,802,510 | ~$1,144,968 | ~1.8837% | ~$21,568 | +2826.1% |
| 2026 | ~$1,382,430 | ~$782,029 | ~2.0465% | ~$16,004 | +94.5% |
| 2027 | ~$2,688,167 | ~$860,231 | ~2.0465% | ~$17,604 | +278.1% |
| 2028 | ~$5,227,202 | ~$946,254 | ~2.0465% | ~$19,365 | +635.3% |
| 2029 | ~$10,164,416 | ~$1,040,880 | ~2.0465% | ~$21,301 | +1329.7% |
| 2030 | ~$19,764,943 | ~$1,144,968 | ~2.0465% | ~$23,432 | +2680.1% |
| 2026 | ~$1,410,867 | ~$782,029 | ~1.9977% | ~$15,622 | +98.5% |
| 2027 | ~$2,799,898 | ~$860,231 | ~1.9488% | ~$16,765 | +293.8% |
| 2028 | ~$5,556,463 | ~$946,254 | ~1.9000% | ~$17,979 | +681.6% |
| 2029 | ~$11,026,931 | ~$1,040,880 | ~1.8512% | ~$19,269 | +1451.0% |
| 2030 | ~$21,883,200 | ~$1,144,968 | ~1.8024% | ~$20,637 | +2978.1% |
In 2025, this property's market value of $710,935 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -50% 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 | $710,935 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $814,000 | $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.