48 EAST AVE 1408 78701
| Owner | THE SAMO REAL ESTATE LIMITED PARTNERSHIP |
|---|---|
| Parcel ID | 0203032849 |
| Short ID | 958557 |
| 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 1408 0.3742%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $45,844 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $45,844 |
| Improvement | $130,311 |
|---|---|
| Total Improvement | $130,311 |
| Market | $176,155 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $176,155 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $176,155 |
| Taxable Value | $176,155 |
|---|
Appreciation: Market value has risen +23.3% from $142,893 (2023) to $176,155 (2025), a CAGR of 11.0% 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 $3,605. 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 26% of market value ($45,844 land vs $130,311 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 $176,155, this parcel sits in the bottom quartile (<25th 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 +11.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $297,238 by 2030, with an estimated annual tax burden around $5,344. 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% | $1,629.79 | $1,629.79 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $923.08 | $923.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $662.07 | $662.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $207.90 | $207.90 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $182.14 | $182.14 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,604.98 | $3,604.98 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $576,067 | $176,155 | +227.0% |
| Assessed Value | $576,067 | $176,155 | +227.0% |
| Land Value | $58,774 | $45,844 | +28.2% |
| Improvement Value | $517,293 | $130,311 | +297.0% |
| Taxable Value | $576,067 | $176,155 | +227.0% |
| Total Tax 2026 = estimate |
~$11,789
Estimated
|
~$3,605
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $576,067 | $576,067 | +0 (+0.0%) |
| Taxable Value | $576,067 | $576,067 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $576,067 | $58,774 | $517,293 | — | $576,067 | $576,067 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $176,155 | $45,844 | $130,311 | — | $176,155 | $176,155 | ~$3,605 | 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 | +227.0% ! | +227.0% | ~100% | Not available | Partial |
| 2025 | -76.9% ! | -76.9% | ~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): +23.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +227.0% | +210.3% | -4.4% | +482.9% | 2024 | -78.9% | 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 |
$3,605 | $11,253 | ~$4,596 | $15,085 | 2024 | $3,605 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$195,586 | ~$193,771 | ~2.0139% | ~$3,902 | +11.0% |
| 2027 | ~$217,160 | ~$213,148 | ~1.9814% | ~$4,223 | +23.3% |
| 2028 | ~$241,113 | ~$234,462 | ~1.9488% | ~$4,569 | +36.9% |
| 2029 | ~$267,709 | ~$257,909 | ~1.9163% | ~$4,942 | +52.0% |
| 2030 | ~$297,238 | ~$283,699 | ~1.8837% | ~$5,344 | +68.7% |
| 2026 | ~$192,063 | ~$192,063 | ~2.0465% | ~$3,931 | +9.0% |
| 2027 | ~$209,407 | ~$209,407 | ~2.0465% | ~$4,285 | +18.9% |
| 2028 | ~$228,317 | ~$228,317 | ~2.0465% | ~$4,672 | +29.6% |
| 2029 | ~$248,935 | ~$248,935 | ~2.0465% | ~$5,094 | +41.3% |
| 2030 | ~$271,415 | ~$271,415 | ~2.0465% | ~$5,554 | +54.1% |
| 2026 | ~$199,109 | ~$193,771 | ~1.9977% | ~$3,871 | +13.0% |
| 2027 | ~$225,053 | ~$213,148 | ~1.9488% | ~$4,154 | +27.8% |
| 2028 | ~$254,379 | ~$234,462 | ~1.9000% | ~$4,455 | +44.4% |
| 2029 | ~$287,526 | ~$257,909 | ~1.8512% | ~$4,774 | +63.2% |
| 2030 | ~$324,991 | ~$283,699 | ~1.8024% | ~$5,113 | +84.5% |
In 2025, this property's market value of $176,155 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -88% 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 | $176,155 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -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.