48 EAST AVE 2109 78701
| Owner | FRANK CAROLYN ELAINE |
|---|---|
| Parcel ID | 0203032927 |
| Short ID | 958635 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 982 SF |
| Land SF | 81 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 2109 0.4511%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $55,262 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $55,262 |
| Improvement | $718,963 |
|---|---|
| Total Improvement | $718,963 |
| Market | $774,225 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $774,225 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $774,225 |
| Taxable Value | $774,225 |
|---|
Appreciation: Market value has risen +349.4% from $172,261 (2023) to $774,225 (2025), a CAGR of 112.0% 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 $15,844. 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 ($55,262 land vs $718,963 improvements), about $682/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $774,225, 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 +112.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $33,156,430 by 2030, with an estimated annual tax burden around $23,488. 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 | 982 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% | $7,163.13 | $7,163.13 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,057.07 | $4,057.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,909.89 | $2,909.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $913.76 | $913.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $800.55 | $800.55 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,844.40 | $15,844.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $736,009 | $774,225 | -4.9% |
| Assessed Value | $736,009 | $774,225 | -4.9% |
| Land Value | $70,849 | $55,262 | +28.2% |
| Improvement Value | $665,160 | $718,963 | -7.5% |
| Taxable Value | $736,009 | $774,225 | -4.9% |
| Total Tax 2026 = estimate |
~$15,062
Estimated
|
~$15,844
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $762,704 | $736,009 | -26,695 (-3.5%) |
| Taxable Value | $762,704 | $736,009 | -26,695 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $736,009 | $70,849 | $665,160 | — | $736,009 | $736,009 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $774,225 | $55,262 | $718,963 | — | $774,225 | $774,225 | ~$15,844 | Partial |
| 2024 | $837,000 | — | — | −$781,738 | $55,262 | $— | $15,344 | Verified |
| 2023 | $172,261 | — | — | −$116,999 | $55,262 | $— | $15,143 | Verified |
| 2022 | $— | — | — | — | $40,255 | $— | $3,402 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.5% | -1.5% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -23.9% | -23.9% | ~100% | 1.9800% | Verified |
| 2023 | +490.9% ! | +490.9% | ~100% | 1.4900% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +349.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.9% | +124.5% | +114.2% | +385.9% | 2024 | -7.5% | 2025 |
| Assessment Ratio | 100.0% | 59.7% | — | 100.0% | 2025 | 6.6% | 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 |
$15,844 | $15,444 | ~$20,201 | $15,844 | 2025 | $15,143 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,641,373 | ~$851,648 | ~2.0139% | ~$17,152 | +112.0% |
| 2027 | ~$3,479,745 | ~$936,812 | ~1.9814% | ~$18,562 | +349.4% |
| 2028 | ~$7,377,132 | ~$1,030,493 | ~1.9488% | ~$20,083 | +852.8% |
| 2029 | ~$15,639,672 | ~$1,133,543 | ~1.9163% | ~$21,722 | +1920.0% |
| 2030 | ~$33,156,430 | ~$1,246,897 | ~1.8837% | ~$23,488 | +4182.5% |
| 2026 | ~$1,625,889 | ~$851,648 | ~2.0465% | ~$17,429 | +110.0% |
| 2027 | ~$3,414,400 | ~$936,812 | ~2.0465% | ~$19,172 | +341.0% |
| 2028 | ~$7,170,310 | ~$1,030,493 | ~2.0465% | ~$21,089 | +826.1% |
| 2029 | ~$15,057,801 | ~$1,133,543 | ~2.0465% | ~$23,198 | +1844.9% |
| 2030 | ~$31,621,694 | ~$1,246,897 | ~2.0465% | ~$25,518 | +3984.3% |
| 2026 | ~$1,656,858 | ~$851,648 | ~1.9977% | ~$17,013 | +114.0% |
| 2027 | ~$3,545,710 | ~$936,812 | ~1.9488% | ~$18,257 | +358.0% |
| 2028 | ~$7,587,892 | ~$1,030,493 | ~1.9000% | ~$19,580 | +880.1% |
| 2029 | ~$16,238,247 | ~$1,133,543 | ~1.8512% | ~$20,984 | +1997.4% |
| 2030 | ~$34,750,185 | ~$1,246,897 | ~1.8024% | ~$22,474 | +4388.4% |
In 2025, this property's market value of $774,225 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 | $774,225 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $837,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $172,261 | $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.