48 EAST AVE 2205 78701
| Owner | OPANUGA OLUBUKANLA |
|---|---|
| Parcel ID | 0203032934 |
| Short ID | 958642 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 706 SF |
| Land SF | 59 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 2205 0.3282%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $40,220 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $40,220 |
| Improvement | $480,317 |
|---|---|
| Total Improvement | $480,317 |
| Market | $520,537 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $520,537 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $520,537 |
| Taxable Value | $520,537 |
|---|
Appreciation: Market value has risen +315.3% from $125,327 (2023) to $520,537 (2025), a CAGR of 103.8% 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 $10,653. 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 ($40,220 land vs $480,317 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 $520,537, 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 +103.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,300,755 by 2030, with an estimated annual tax burden around $15,792. 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 | 706 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% | $4,816.01 | $4,816.01 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,727.70 | $2,727.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,956.41 | $1,956.41 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $614.35 | $614.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $538.24 | $538.24 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,652.71 | $10,652.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $506,369 | $520,537 | -2.7% |
| Assessed Value | $506,369 | $520,537 | -2.7% |
| Land Value | $51,564 | $40,220 | +28.2% |
| Improvement Value | $454,805 | $480,317 | -5.3% |
| Taxable Value | $506,369 | $520,537 | -2.7% |
| Total Tax 2026 = estimate |
~$10,363
Estimated
|
~$10,653
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $506,369 | $506,369 | +0 (+0.0%) |
| Taxable Value | $506,369 | $506,369 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $506,369 | $51,564 | $454,805 | — | $506,369 | $506,369 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $520,537 | $40,220 | $480,317 | — | $520,537 | $520,537 | ~$10,653 | Partial |
| 2024 | $596,000 | — | — | −$555,780 | $40,220 | $— | $10,926 | Verified |
| 2023 | $125,327 | — | — | −$85,107 | $40,220 | $— | $10,783 | Verified |
| 2022 | $— | — | — | — | $29,285 | $— | $2,475 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.7% | -2.7% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -24.7% | -24.7% | ~100% | 1.9800% | Verified |
| 2023 | +484.3% ! | +484.3% | ~100% | 1.4700% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +315.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.7% | +120.1% | +104.9% | +375.6% | 2024 | -12.7% | 2025 |
| Assessment Ratio | 100.0% | 59.7% | — | 100.0% | 2025 | 6.7% | 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 |
$10,653 | $10,787 | ~$13,582 | $10,926 | 2024 | $10,653 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,060,853 | ~$572,591 | ~2.0139% | ~$11,532 | +103.8% |
| 2027 | ~$2,162,014 | ~$629,850 | ~1.9814% | ~$12,480 | +315.3% |
| 2028 | ~$4,406,178 | ~$692,835 | ~1.9488% | ~$13,502 | +746.5% |
| 2029 | ~$8,979,776 | ~$762,118 | ~1.9163% | ~$14,604 | +1625.1% |
| 2030 | ~$18,300,755 | ~$838,330 | ~1.8837% | ~$15,792 | +3415.7% |
| 2026 | ~$1,050,442 | ~$572,591 | ~2.0465% | ~$11,718 | +101.8% |
| 2027 | ~$2,119,788 | ~$629,850 | ~2.0465% | ~$12,890 | +307.2% |
| 2028 | ~$4,277,726 | ~$692,835 | ~2.0465% | ~$14,179 | +721.8% |
| 2029 | ~$8,632,437 | ~$762,118 | ~2.0465% | ~$15,597 | +1558.4% |
| 2030 | ~$17,420,230 | ~$838,330 | ~2.0465% | ~$17,156 | +3246.6% |
| 2026 | ~$1,071,263 | ~$572,591 | ~1.9977% | ~$11,438 | +105.8% |
| 2027 | ~$2,204,657 | ~$629,850 | ~1.9488% | ~$12,275 | +323.5% |
| 2028 | ~$4,537,176 | ~$692,835 | ~1.9000% | ~$13,164 | +771.6% |
| 2029 | ~$9,337,494 | ~$762,118 | ~1.8512% | ~$14,108 | +1693.8% |
| 2030 | ~$19,216,531 | ~$838,330 | ~1.8024% | ~$15,110 | +3591.7% |
In 2025, this property's market value of $520,537 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -63% 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 | $520,537 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $596,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $125,327 | $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.