48 EAST AVE 2004 78701
| Owner | FREDERICKSON JEFFREY THOMAS & CATRIONA COPE |
|---|---|
| Parcel ID | 0203032911 |
| Short ID | 958619 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 893 SF |
| Land SF | 75 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 2004 0.4155%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $50,915 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $50,915 |
| Improvement | $722,108 |
|---|---|
| Total Improvement | $722,108 |
| Market | $773,023 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $773,023 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $773,023 |
| Taxable Value | $773,023 |
|---|
Appreciation: Market value has risen +387.2% from $158,664 (2023) to $773,023 (2025), a CAGR of 120.7% 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 $15,820. 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 ($50,915 land vs $722,108 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 $773,023, 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 +120.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $40,502,092 by 2030, with an estimated annual tax burden around $23,452. 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 | 893 SF | ✓ |
Market value changed by 484% 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% | $7,152.01 | $7,152.01 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,050.77 | $4,050.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,905.37 | $2,905.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $912.34 | $912.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $799.31 | $799.31 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,819.80 | $15,819.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $546,385 | $773,023 | -29.3% |
| Assessed Value | $546,385 | $773,023 | -29.3% |
| Land Value | $65,275 | $50,915 | +28.2% |
| Improvement Value | $481,110 | $722,108 | -33.4% |
| Taxable Value | $546,385 | $773,023 | -29.3% |
| Total Tax 2026 = estimate |
~$11,182
Estimated
|
~$15,820
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $640,545 | $546,385 | -94,160 (-14.7%) |
| Taxable Value | $640,545 | $546,385 | -94,160 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $546,385 | $65,275 | $481,110 | — | $546,385 | $546,385 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $773,023 | $50,915 | $722,108 | — | $773,023 | $773,023 | ~$15,820 | Partial |
| 2024 | $926,237 | — | — | −$875,322 | $50,915 | $— | $16,774 | Verified |
| 2023 | $158,664 | — | — | −$107,749 | $50,915 | $— | $16,758 | Verified |
| 2022 | $— | — | — | — | $37,075 | $— | $3,134 | 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 | +483.8% ! | +483.8% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +387.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -29.3% | +146.0% | +139.0% | +483.8% | 2024 | -29.3% | 2026 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 5.5% | 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 |
$15,820 | $16,451 | ~$20,170 | $16,774 | 2024 | $15,820 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,706,277 | ~$850,325 | ~2.0139% | ~$17,125 | +120.7% |
| 2027 | ~$3,766,226 | ~$935,358 | ~1.9814% | ~$18,533 | +387.2% |
| 2028 | ~$8,313,108 | ~$1,028,894 | ~1.9488% | ~$20,051 | +975.4% |
| 2029 | ~$18,349,340 | ~$1,131,783 | ~1.9163% | ~$21,688 | +2273.7% |
| 2030 | ~$40,502,092 | ~$1,244,961 | ~1.8837% | ~$23,452 | +5139.4% |
| 2026 | ~$1,690,816 | ~$850,325 | ~2.0465% | ~$17,402 | +118.7% |
| 2027 | ~$3,698,285 | ~$935,358 | ~2.0465% | ~$19,142 | +378.4% |
| 2028 | ~$8,089,176 | ~$1,028,894 | ~2.0465% | ~$21,056 | +946.4% |
| 2029 | ~$17,693,276 | ~$1,131,783 | ~2.0465% | ~$23,162 | +2188.8% |
| 2030 | ~$38,700,111 | ~$1,244,961 | ~2.0465% | ~$25,478 | +4906.3% |
| 2026 | ~$1,721,737 | ~$850,325 | ~1.9977% | ~$16,987 | +122.7% |
| 2027 | ~$3,834,787 | ~$935,358 | ~1.9488% | ~$18,229 | +396.1% |
| 2028 | ~$8,541,136 | ~$1,028,894 | ~1.9000% | ~$19,549 | +1004.9% |
| 2029 | ~$19,023,482 | ~$1,131,783 | ~1.8512% | ~$20,951 | +2360.9% |
| 2030 | ~$42,370,581 | ~$1,244,961 | ~1.8024% | ~$22,439 | +5381.2% |
In 2025, this property's market value of $773,023 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -45% 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 | $773,023 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $926,237 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $158,664 | $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.