48 EAST AVE 1401 78701
| Owner | 48 EAST 1401 LLC |
|---|---|
| Parcel ID | 0203032842 |
| Short ID | 958550 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,121 SF |
| Land SF | 94 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1401 0.5241%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $64,216 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $64,216 |
| Improvement | $713,097 |
|---|---|
| Total Improvement | $713,097 |
| Market | $777,313 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $777,313 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $777,313 |
| Taxable Value | $777,313 |
|---|
Appreciation: Market value has risen +288.4% from $200,133 (2023) to $777,313 (2025), a CAGR of 97.1% 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 $15,908. 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 ($64,216 land vs $713,097 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 $777,313, 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 +97.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $23,109,417 by 2030, with an estimated annual tax burden around $23,582. 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 | 1,121 SF | ✓ |
Market value changed by 345% 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% | $7,191.70 | $7,191.70 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,073.25 | $4,073.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,921.49 | $2,921.49 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $917.41 | $917.41 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $803.74 | $803.74 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,907.59 | $15,907.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $810,626 | $777,313 | +4.3% |
| Assessed Value | $810,626 | $777,313 | +4.3% |
| Land Value | $82,329 | $64,216 | +28.2% |
| Improvement Value | $728,297 | $713,097 | +2.1% |
| Taxable Value | $810,626 | $777,313 | +4.3% |
| Total Tax 2026 = estimate |
~$16,589
Estimated
|
~$15,908
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $840,027 | $810,626 | -29,401 (-3.5%) |
| Taxable Value | $840,027 | $810,626 | -29,401 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $810,626 | $82,329 | $728,297 | — | $810,626 | $810,626 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $777,313 | $64,216 | $713,097 | — | $777,313 | $777,313 | ~$15,908 | Partial |
| 2024 | $890,000 | — | — | −$825,784 | $64,216 | $— | $16,315 | Verified |
| 2023 | $200,133 | — | — | −$135,917 | $64,216 | $— | $16,102 | Verified |
| 2022 | $— | — | — | — | $46,765 | $— | $3,952 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.1% | +8.1% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -7.5% | -7.5% | ~100% | 1.9800% | Verified |
| 2023 | +344.7% ! | +344.7% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +288.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.3% | +112.1% | +95.5% | +344.7% | 2024 | -12.7% | 2025 |
| Assessment Ratio | 100.0% | 59.8% | — | 100.0% | 2025 | 7.2% | 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 |
$15,908 | $16,108 | ~$20,282 | $16,315 | 2024 | $15,908 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,531,915 | ~$855,044 | ~2.0139% | ~$17,220 | +97.1% |
| 2027 | ~$3,019,070 | ~$940,549 | ~1.9814% | ~$18,636 | +288.4% |
| 2028 | ~$5,949,929 | ~$1,034,604 | ~1.9488% | ~$20,163 | +665.4% |
| 2029 | ~$11,726,013 | ~$1,138,064 | ~1.9163% | ~$21,809 | +1408.5% |
| 2030 | ~$23,109,417 | ~$1,251,870 | ~1.8837% | ~$23,582 | +2873.0% |
| 2026 | ~$1,516,368 | ~$855,044 | ~2.0465% | ~$17,498 | +95.1% |
| 2027 | ~$2,958,104 | ~$940,549 | ~2.0465% | ~$19,248 | +280.6% |
| 2028 | ~$5,770,617 | ~$1,034,604 | ~2.0465% | ~$21,173 | +642.4% |
| 2029 | ~$11,257,216 | ~$1,138,064 | ~2.0465% | ~$23,290 | +1348.2% |
| 2030 | ~$21,960,375 | ~$1,251,870 | ~2.0465% | ~$25,619 | +2725.2% |
| 2026 | ~$1,547,461 | ~$855,044 | ~1.9977% | ~$17,081 | +99.1% |
| 2027 | ~$3,080,657 | ~$940,549 | ~1.9488% | ~$18,330 | +296.3% |
| 2028 | ~$6,132,918 | ~$1,034,604 | ~1.9000% | ~$19,658 | +689.0% |
| 2029 | ~$12,209,303 | ~$1,138,064 | ~1.8512% | ~$21,068 | +1470.7% |
| 2030 | ~$24,306,061 | ~$1,251,870 | ~1.8024% | ~$22,563 | +3026.9% |
In 2025, this property's market value of $777,313 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -45% 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 | $777,313 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $890,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $200,133 | $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.