48 EAST AVE 1506 78701
| Owner | GUEST ALEXANDER M |
|---|---|
| Parcel ID | 0203032858 |
| Short ID | 958566 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 742 SF |
| Land SF | 61 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1506 0.3410%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $41,776 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $41,776 |
| Improvement | $621,806 |
|---|---|
| Total Improvement | $621,806 |
| Market | $663,582 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $663,582 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $663,582 |
| Taxable Value | $663,582 |
|---|
Appreciation: Market value has risen +409.6% from $130,217 (2023) to $663,582 (2025), a CAGR of 125.7% 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 $13,580. 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 ($41,776 land vs $621,806 improvements), about $685/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $663,582, 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 +125.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $38,901,099 by 2030, with an estimated annual tax burden around $20,132. 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 | 742 SF | ✓ |
Market value changed by 491% 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% | $6,139.46 | $6,139.46 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,477.28 | $3,477.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,494.04 | $2,494.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $783.18 | $783.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $686.14 | $686.14 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,580.10 | $13,580.10 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $453,418 | $663,582 | -31.7% |
| Assessed Value | $453,418 | $663,582 | -31.7% |
| Land Value | $53,559 | $41,776 | +28.2% |
| Improvement Value | $399,859 | $621,806 | -35.7% |
| Taxable Value | $453,418 | $663,582 | -31.7% |
| Total Tax 2026 = estimate |
~$9,279
Estimated
|
~$13,580
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $531,557 | $453,418 | -78,139 (-14.7%) |
| Taxable Value | $531,557 | $453,418 | -78,139 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $453,418 | $53,559 | $399,859 | — | $453,418 | $453,418 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $663,582 | $41,776 | $621,806 | — | $663,582 | $663,582 | ~$13,580 | Partial |
| 2024 | $769,088 | — | — | −$727,312 | $41,776 | $— | $13,928 | Verified |
| 2023 | $130,217 | — | — | −$88,441 | $41,776 | $— | $13,915 | Verified |
| 2022 | $— | — | — | — | $30,430 | $— | $2,572 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -19.9% | -19.9% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -8.6% | -8.6% | ~100% | 1.9800% | Verified |
| 2023 | +490.6% ! | +490.6% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +409.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -31.7% | +148.4% | +146.7% | +490.6% | 2024 | -31.7% | 2026 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 5.4% | 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 |
$13,580 | $13,808 | ~$17,315 | $13,928 | 2024 | $13,580 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,497,987 | ~$729,940 | ~2.0139% | ~$14,701 | +125.7% |
| 2027 | ~$3,381,594 | ~$802,934 | ~1.9814% | ~$15,909 | +409.6% |
| 2028 | ~$7,633,698 | ~$883,228 | ~1.9488% | ~$17,213 | +1050.4% |
| 2029 | ~$17,232,505 | ~$971,550 | ~1.9163% | ~$18,618 | +2496.9% |
| 2030 | ~$38,901,099 | ~$1,068,705 | ~1.8837% | ~$20,132 | +5762.3% |
| 2026 | ~$1,484,715 | ~$729,940 | ~2.0465% | ~$14,938 | +123.7% |
| 2027 | ~$3,321,940 | ~$802,934 | ~2.0465% | ~$16,432 | +400.6% |
| 2028 | ~$7,432,594 | ~$883,228 | ~2.0465% | ~$18,075 | +1020.1% |
| 2029 | ~$16,629,877 | ~$971,550 | ~2.0465% | ~$19,883 | +2406.1% |
| 2030 | ~$37,208,114 | ~$1,068,705 | ~2.0465% | ~$21,871 | +5507.2% |
| 2026 | ~$1,511,259 | ~$729,940 | ~1.9977% | ~$14,582 | +127.7% |
| 2027 | ~$3,441,779 | ~$802,934 | ~1.9488% | ~$15,648 | +418.7% |
| 2028 | ~$7,838,396 | ~$883,228 | ~1.9000% | ~$16,781 | +1081.2% |
| 2029 | ~$17,851,365 | ~$971,550 | ~1.8512% | ~$17,985 | +2590.2% |
| 2030 | ~$40,655,156 | ~$1,068,705 | ~1.8024% | ~$19,262 | +6026.6% |
In 2025, this property's market value of $663,582 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -53% 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 | $663,582 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $769,088 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $130,217 | $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.