48 EAST AVE 1808 78701
| Owner | AUSTIN PROPERTY COLLECTIVE LLC |
|---|---|
| Parcel ID | 0203032893 |
| Short ID | 958601 |
| 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 1808 0.3742%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $45,844 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $45,844 |
| Improvement | $514,706 |
|---|---|
| Total Improvement | $514,706 |
| Market | $560,550 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $560,550 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $560,550 |
| Taxable Value | $560,550 |
|---|
Appreciation: Market value has risen +292.3% from $142,893 (2023) to $560,550 (2025), a CAGR of 98.1% 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 $11,472. 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 ($45,844 land vs $514,706 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 $560,550, 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 +98.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,085,310 by 2030, with an estimated annual tax burden around $17,006. 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% | $5,186.21 | $5,186.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,937.38 | $2,937.38 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,106.80 | $2,106.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $661.58 | $661.58 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $579.61 | $579.61 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,471.58 | $11,471.58 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $576,067 | $560,550 | +2.8% |
| Assessed Value | $576,067 | $560,550 | +2.8% |
| Land Value | $58,774 | $45,844 | +28.2% |
| Improvement Value | $517,293 | $514,706 | +0.5% |
| Taxable Value | $576,067 | $560,550 | +2.8% |
| Total Tax 2026 = estimate |
~$11,789
Estimated
|
~$11,472
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 | $560,550 | $45,844 | $514,706 | — | $560,550 | $560,550 | ~$11,472 | Partial |
| 2024 | $606,000 | — | — | −$560,156 | $45,844 | $— | $11,109 | Verified |
| 2023 | $142,893 | — | — | −$97,049 | $45,844 | $— | $10,964 | Verified |
| 2022 | $— | — | — | — | $33,390 | $— | $2,822 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.8% | +2.8% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -32.7% | -32.7% | ~100% | 1.9800% | Verified |
| 2023 | +482.9% ! | +482.9% | ~100% | 1.3200% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +292.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.8% | +106.5% | +97.0% | +324.1% | 2024 | -7.5% | 2025 |
| Assessment Ratio | 100.0% | 59.9% | — | 100.0% | 2025 | 7.6% | 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 |
$11,472 | $11,182 | ~$14,626 | $11,472 | 2025 | $10,964 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,110,238 | ~$616,605 | ~2.0139% | ~$12,418 | +98.1% |
| 2027 | ~$2,198,962 | ~$678,266 | ~1.9814% | ~$13,439 | +292.3% |
| 2028 | ~$4,355,314 | ~$746,092 | ~1.9488% | ~$14,540 | +677.0% |
| 2029 | ~$8,626,233 | ~$820,701 | ~1.9163% | ~$15,727 | +1438.9% |
| 2030 | ~$17,085,310 | ~$902,771 | ~1.8837% | ~$17,006 | +2948.0% |
| 2026 | ~$1,099,027 | ~$616,605 | ~2.0465% | ~$12,619 | +96.1% |
| 2027 | ~$2,154,777 | ~$678,266 | ~2.0465% | ~$13,881 | +284.4% |
| 2028 | ~$4,224,704 | ~$746,092 | ~2.0465% | ~$15,269 | +653.7% |
| 2029 | ~$8,283,050 | ~$820,701 | ~2.0465% | ~$16,796 | +1377.7% |
| 2030 | ~$16,239,933 | ~$902,771 | ~2.0465% | ~$18,475 | +2797.1% |
| 2026 | ~$1,121,449 | ~$616,605 | ~1.9977% | ~$12,318 | +100.1% |
| 2027 | ~$2,243,596 | ~$678,266 | ~1.9488% | ~$13,218 | +300.2% |
| 2028 | ~$4,488,588 | ~$746,092 | ~1.9000% | ~$14,176 | +700.7% |
| 2029 | ~$8,979,971 | ~$820,701 | ~1.8512% | ~$15,193 | +1502.0% |
| 2030 | ~$17,965,531 | ~$902,771 | ~1.8024% | ~$16,271 | +3105.0% |
In 2025, this property's market value of $560,550 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -60% 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 | $560,550 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $606,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +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.