48 EAST AVE 1811 78701
| Owner | TEUNIS TORY |
|---|---|
| Parcel ID | 0203032896 |
| Short ID | 958604 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,036 SF |
| Land SF | 87 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1811 0.4824%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $59,098 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $59,098 |
| Improvement | $728,637 |
|---|---|
| Total Improvement | $728,637 |
| Market | $787,735 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $787,735 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $787,735 |
| Taxable Value | $787,735 |
|---|
Appreciation: Market value has risen +327.6% from $184,211 (2023) to $787,735 (2025), a CAGR of 106.8% 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 $16,121. 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 ($59,098 land vs $728,637 improvements), about $679/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $787,735, 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 +106.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $29,788,017 by 2030, with an estimated annual tax burden around $23,898. 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 | 1,036 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% | $7,288.12 | $7,288.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,127.87 | $4,127.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,960.66 | $2,960.66 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $929.71 | $929.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $814.52 | $814.52 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,120.88 | $16,120.88 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $743,158 | $787,735 | -5.7% |
| Assessed Value | $743,158 | $787,735 | -5.7% |
| Land Value | $75,766 | $59,098 | +28.2% |
| Improvement Value | $667,392 | $728,637 | -8.4% |
| Taxable Value | $743,158 | $787,735 | -5.7% |
| Total Tax 2026 = estimate |
~$15,209
Estimated
|
~$16,121
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $743,158 | $743,158 | +0 (+0.0%) |
| Taxable Value | $743,158 | $743,158 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $743,158 | $75,766 | $667,392 | — | $743,158 | $743,158 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $787,735 | $59,098 | $728,637 | — | $787,735 | $787,735 | ~$16,121 | Partial |
| 2024 | $777,490 | — | — | −$718,392 | $59,098 | $— | $15,611 | Verified |
| 2023 | $184,211 | — | — | −$125,113 | $59,098 | $— | $14,360 | Verified |
| 2022 | $— | — | — | — | $43,045 | $— | $3,638 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.7% | -5.7% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -26.7% | -26.7% | ~100% | 1.9800% | Verified |
| 2023 | +483.3% ! | +483.3% | ~100% | 1.3400% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +327.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.7% | +105.9% | +109.3% | +322.1% | 2024 | -5.7% | 2026 |
| 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 |
$16,121 | $15,364 | ~$20,554 | $16,121 | 2025 | $14,360 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,628,968 | ~$866,509 | ~2.0139% | ~$17,451 | +106.8% |
| 2027 | ~$3,368,563 | ~$953,159 | ~1.9814% | ~$18,886 | +327.6% |
| 2028 | ~$6,965,896 | ~$1,048,475 | ~1.9488% | ~$20,433 | +784.3% |
| 2029 | ~$14,404,869 | ~$1,153,323 | ~1.9163% | ~$22,101 | +1728.6% |
| 2030 | ~$29,788,017 | ~$1,268,655 | ~1.8837% | ~$23,898 | +3681.5% |
| 2026 | ~$1,613,213 | ~$866,509 | ~2.0465% | ~$17,733 | +104.8% |
| 2027 | ~$3,303,720 | ~$953,159 | ~2.0465% | ~$19,506 | +319.4% |
| 2028 | ~$6,765,731 | ~$1,048,475 | ~2.0465% | ~$21,457 | +758.9% |
| 2029 | ~$13,855,630 | ~$1,153,323 | ~2.0465% | ~$23,603 | +1658.9% |
| 2030 | ~$28,375,126 | ~$1,268,655 | ~2.0465% | ~$25,963 | +3502.1% |
| 2026 | ~$1,644,722 | ~$866,509 | ~1.9977% | ~$17,310 | +108.8% |
| 2027 | ~$3,434,037 | ~$953,159 | ~1.9488% | ~$18,576 | +335.9% |
| 2028 | ~$7,169,971 | ~$1,048,475 | ~1.9000% | ~$19,921 | +810.2% |
| 2029 | ~$14,970,277 | ~$1,153,323 | ~1.8512% | ~$21,350 | +1800.4% |
| 2030 | ~$31,256,639 | ~$1,268,655 | ~1.8024% | ~$22,866 | +3867.9% |
In 2025, this property's market value of $787,735 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -44% 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 | $787,735 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $777,490 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $184,211 | $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.