48 EAST AVE 1608 78701
| Owner | NATIIVO AUSTIN #1608 LLC |
|---|---|
| Parcel ID | 0203032871 |
| Short ID | 958579 |
| 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 1608 0.3742%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $45,844 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $45,844 |
| Improvement | $649,323 |
|---|---|
| Total Improvement | $649,323 |
| Market | $695,167 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $695,167 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $695,167 |
| Taxable Value | $695,167 |
|---|
Appreciation: Market value has risen +386.5% from $142,893 (2023) to $695,167 (2025), a CAGR of 120.6% 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 $14,226. 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 7% of market value ($45,844 land vs $649,323 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 $695,167, 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 +120.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $36,289,805 by 2030, with an estimated annual tax burden around $21,090. 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% | $6,198.84 | $6,198.84 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,510.91 | $3,510.91 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,518.16 | $2,518.16 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $790.75 | $790.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $692.78 | $692.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,711.44 | $13,711.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $491,385 | $695,167 | -29.3% |
| Assessed Value | $491,385 | $695,167 | -29.3% |
| Land Value | $58,774 | $45,844 | +28.2% |
| Improvement Value | $432,611 | $649,323 | -33.4% |
| Taxable Value | $491,385 | $695,167 | -29.3% |
| Total Tax 2026 = estimate |
~$10,056
Estimated
|
~$13,711
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $576,067 | $491,385 | -84,682 (-14.7%) |
| Taxable Value | $576,067 | $491,385 | -84,682 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $491,385 | $58,774 | $432,611 | — | $491,385 | $491,385 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $695,167 | $45,844 | $649,323 | — | $695,167 | $695,167 | ~$13,711 | 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 | -17.1% | -17.1% | ~100% | Not available | Partial |
| 2025 | -15.5% | -15.5% | ~100% | Not available | Partial |
| 2024 | -1.2% | -1.2% | ~100% | 1.8300% | 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): +386.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -29.3% | +145.7% | +138.9% | +482.9% | 2024 | -29.3% | 2026 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 5.5% | 2024 |
| Effective Tax Rate (2025) | 1.9700% | 1.9700% | — | 1.9700% | 2025 | 1.9700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$13,711 | $14,622 | ~$18,138 | $15,085 | 2024 | $13,711 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,533,304 | ~$764,684 | ~2.0139% | ~$15,400 | +120.6% |
| 2027 | ~$3,381,951 | ~$841,152 | ~1.9814% | ~$16,666 | +386.5% |
| 2028 | ~$7,459,444 | ~$925,267 | ~1.9488% | ~$18,032 | +973.0% |
| 2029 | ~$16,453,017 | ~$1,017,794 | ~1.9163% | ~$19,504 | +2266.8% |
| 2030 | ~$36,289,805 | ~$1,119,573 | ~1.8837% | ~$21,090 | +5120.3% |
| 2026 | ~$1,519,401 | ~$764,684 | ~2.0465% | ~$15,649 | +118.6% |
| 2027 | ~$3,320,897 | ~$841,152 | ~2.0465% | ~$17,214 | +377.7% |
| 2028 | ~$7,258,361 | ~$925,267 | ~2.0465% | ~$18,935 | +944.1% |
| 2029 | ~$15,864,329 | ~$1,017,794 | ~2.0465% | ~$20,829 | +2182.1% |
| 2030 | ~$34,674,072 | ~$1,119,573 | ~2.0465% | ~$22,912 | +4887.9% |
| 2026 | ~$1,547,207 | ~$764,684 | ~1.9977% | ~$15,276 | +122.6% |
| 2027 | ~$3,443,561 | ~$841,152 | ~1.9488% | ~$16,393 | +395.4% |
| 2028 | ~$7,664,206 | ~$925,267 | ~1.9000% | ~$17,580 | +1002.5% |
| 2029 | ~$17,057,938 | ~$1,017,794 | ~1.8512% | ~$18,841 | +2353.8% |
| 2030 | ~$37,965,216 | ~$1,119,573 | ~1.8024% | ~$20,179 | +5361.3% |
In 2025, this property's market value of $695,167 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -51% 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 | $695,167 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -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.