48 EAST AVE 1703 78701
| Owner | AUSTIN 1703 LLC |
|---|---|
| Parcel ID | 0203032877 |
| Short ID | 958585 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 641 SF |
| Land SF | 53 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1703 0.2969%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $36,384 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $36,384 |
| Improvement | $518,358 |
|---|---|
| Total Improvement | $518,358 |
| Market | $554,742 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $554,742 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $554,742 |
| Taxable Value | $554,742 |
|---|
Appreciation: Market value has risen +389.3% from $113,377 (2023) to $554,742 (2025), a CAGR of 121.2% 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 $11,353. 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 ($36,384 land vs $518,358 improvements), about $686/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $554,742, 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 +121.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $29,376,920 by 2030, with an estimated annual tax burden around $16,830. 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 | 641 SF | ✓ |
Market value changed by 486% 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% | $5,132.47 | $5,132.47 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,906.94 | $2,906.94 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,084.97 | $2,084.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $654.72 | $654.72 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $573.60 | $573.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,352.70 | $11,352.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $422,344 | $554,742 | -23.9% |
| Assessed Value | $422,344 | $554,742 | -23.9% |
| Land Value | $46,646 | $36,384 | +28.2% |
| Improvement Value | $375,698 | $518,358 | -27.5% |
| Taxable Value | $422,344 | $554,742 | -23.9% |
| Total Tax 2026 = estimate |
~$8,643
Estimated
|
~$11,353
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $495,128 | $422,344 | -72,784 (-14.7%) |
| Taxable Value | $495,128 | $422,344 | -72,784 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $422,344 | $46,646 | $375,698 | — | $422,344 | $422,344 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $554,742 | $36,384 | $518,358 | — | $554,742 | $554,742 | ~$11,353 | Partial |
| 2024 | $533,000 | — | — | −$496,616 | $36,384 | $— | $12,038 | Verified |
| 2023 | $113,377 | — | — | −$76,993 | $36,384 | $— | $9,773 | Verified |
| 2022 | $— | — | — | — | $26,495 | $— | $2,239 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.7% | -10.7% | ~100% | Not available | Partial |
| 2025 | -15.5% | -13.3% | ~100% | Not available | Partial |
| 2024 | -1.2% | -3.8% | 97.4% | 1.8300% | Verified |
| 2023 | +486.3% ! | +486.3% | ~100% | 1.4700% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +389.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.9% | +116.8% | +135.1% | +370.1% | 2024 | -23.9% | 2026 |
| Assessment Ratio | 100.0% | 59.7% | — | 100.0% | 2025 | 6.8% | 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 |
$11,353 | $11,054 | ~$14,474 | $12,038 | 2024 | $9,773 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,227,083 | ~$610,216 | ~2.0139% | ~$12,289 | +121.2% |
| 2027 | ~$2,714,296 | ~$671,238 | ~1.9814% | ~$13,300 | +389.3% |
| 2028 | ~$6,003,993 | ~$738,362 | ~1.9488% | ~$14,389 | +982.3% |
| 2029 | ~$13,280,769 | ~$812,198 | ~1.9163% | ~$15,564 | +2294.0% |
| 2030 | ~$29,376,920 | ~$893,418 | ~1.8837% | ~$16,830 | +5195.6% |
| 2026 | ~$1,215,989 | ~$610,216 | ~2.0465% | ~$12,488 | +119.2% |
| 2027 | ~$2,665,434 | ~$671,238 | ~2.0465% | ~$13,737 | +380.5% |
| 2028 | ~$5,842,603 | ~$738,362 | ~2.0465% | ~$15,110 | +953.2% |
| 2029 | ~$12,806,925 | ~$812,198 | ~2.0465% | ~$16,622 | +2208.6% |
| 2030 | ~$28,072,643 | ~$893,418 | ~2.0465% | ~$18,284 | +4960.5% |
| 2026 | ~$1,238,178 | ~$610,216 | ~1.9977% | ~$12,190 | +123.2% |
| 2027 | ~$2,763,601 | ~$671,238 | ~1.9488% | ~$13,081 | +398.2% |
| 2028 | ~$6,168,328 | ~$738,362 | ~1.9000% | ~$14,029 | +1011.9% |
| 2029 | ~$13,767,642 | ~$812,198 | ~1.8512% | ~$15,035 | +2381.8% |
| 2030 | ~$30,729,231 | ~$893,418 | ~1.8024% | ~$16,103 | +5439.4% |
In 2025, this property's market value of $554,742 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -61% 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 | $554,742 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $533,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $113,377 | $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.