48 EAST AVE 2006 78701
| Owner | GUPTA DIPTESH |
|---|---|
| Parcel ID | 0203032913 |
| Short ID | 958621 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 742 SF |
| Land SF | 61 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 2006 0.3405%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $41,728 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $41,728 |
| Improvement | $590,077 |
|---|---|
| Total Improvement | $590,077 |
| Market | $631,805 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $631,805 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $631,805 |
| Taxable Value | $631,805 |
|---|
Appreciation: Market value has risen +385.9% from $130,026 (2023) to $631,805 (2025), a CAGR of 120.4% 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 $12,930. 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 ($41,728 land vs $590,077 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 $631,805, 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 +120.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $32,882,528 by 2030, with an estimated annual tax burden around $19,168. 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 | 742 SF | ✓ |
Market value changed by 491% 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% | $5,845.46 | $5,845.46 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,310.77 | $3,310.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,374.61 | $2,374.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $745.68 | $745.68 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $653.29 | $653.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,929.81 | $12,929.81 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $453,366 | $631,805 | -28.2% |
| Assessed Value | $453,366 | $631,805 | -28.2% |
| Land Value | $53,498 | $41,728 | +28.2% |
| Improvement Value | $399,868 | $590,077 | -32.2% |
| Taxable Value | $453,366 | $631,805 | -28.2% |
| Total Tax 2026 = estimate |
~$9,278
Estimated
|
~$12,930
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $531,496 | $453,366 | -78,130 (-14.7%) |
| Taxable Value | $531,496 | $453,366 | -78,130 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $453,366 | $53,498 | $399,868 | — | $453,366 | $453,366 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $631,805 | $41,728 | $590,077 | — | $631,805 | $631,805 | ~$12,930 | Partial |
| 2024 | $747,873 | — | — | −$706,145 | $41,728 | $— | $13,710 | Verified |
| 2023 | $130,026 | — | — | −$88,298 | $41,728 | $— | $13,531 | Verified |
| 2022 | $— | — | — | — | $30,385 | $— | $2,568 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -15.9% | -15.9% | ~100% | Not available | Partial |
| 2025 | -8.7% | -8.7% | ~100% | Not available | Partial |
| 2024 | -10.0% | -10.0% | ~100% | 1.9800% | Verified |
| 2023 | +491.5% ! | +491.5% | ~100% | 1.7600% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +385.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -28.2% | +143.8% | +137.8% | +475.2% | 2024 | -28.2% | 2026 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 5.6% | 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 |
$12,930 | $13,390 | ~$16,485 | $13,710 | 2024 | $12,930 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,392,706 | ~$694,986 | ~2.0139% | ~$13,997 | +120.4% |
| 2027 | ~$3,069,983 | ~$764,484 | ~1.9814% | ~$15,147 | +385.9% |
| 2028 | ~$6,767,252 | ~$840,932 | ~1.9488% | ~$16,388 | +971.1% |
| 2029 | ~$14,917,250 | ~$925,026 | ~1.9163% | ~$17,726 | +2261.1% |
| 2030 | ~$32,882,528 | ~$1,017,528 | ~1.8837% | ~$19,168 | +5104.5% |
| 2026 | ~$1,380,070 | ~$694,986 | ~2.0465% | ~$14,223 | +118.4% |
| 2027 | ~$3,014,527 | ~$764,484 | ~2.0465% | ~$15,645 | +377.1% |
| 2028 | ~$6,584,719 | ~$840,932 | ~2.0465% | ~$17,210 | +942.2% |
| 2029 | ~$14,383,193 | ~$925,026 | ~2.0465% | ~$18,931 | +2176.5% |
| 2030 | ~$31,417,628 | ~$1,017,528 | ~2.0465% | ~$20,824 | +4872.7% |
| 2026 | ~$1,405,342 | ~$694,986 | ~1.9977% | ~$13,883 | +122.4% |
| 2027 | ~$3,125,944 | ~$764,484 | ~1.9488% | ~$14,899 | +394.8% |
| 2028 | ~$6,953,127 | ~$840,932 | ~1.9000% | ~$15,978 | +1000.5% |
| 2029 | ~$15,466,043 | ~$925,026 | ~1.8512% | ~$17,124 | +2347.9% |
| 2030 | ~$34,401,569 | ~$1,017,528 | ~1.8024% | ~$18,340 | +5345.0% |
In 2025, this property's market value of $631,805 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -55% 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 | $631,805 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $747,873 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $130,026 | $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.