48 EAST AVE 2206 78701
| Owner | MALHOTRA SANDEEP ETAL |
|---|---|
| Parcel ID | 0203032935 |
| Short ID | 958643 |
| 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 2206 0.3405%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $41,728 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $41,728 |
| Improvement | $671,618 |
|---|---|
| Total Improvement | $671,618 |
| Market | $713,346 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $713,346 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $713,346 |
| Taxable Value | $713,346 |
|---|
Appreciation: Market value has risen +448.6% from $130,026 (2023) to $713,346 (2025), a CAGR of 134.2% 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 $14,599. 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 6% of market value ($41,728 land vs $671,618 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 $713,346, 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 +134.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $50,289,266 by 2030, with an estimated annual tax burden around $21,641. 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% | $6,599.88 | $6,599.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,738.05 | $3,738.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,681.08 | $2,681.08 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $841.91 | $841.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $737.60 | $737.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,598.52 | $14,598.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $531,496 | $713,346 | -25.5% |
| Assessed Value | $531,496 | $713,346 | -25.5% |
| Land Value | $53,498 | $41,728 | +28.2% |
| Improvement Value | $477,998 | $671,618 | -28.8% |
| Taxable Value | $531,496 | $713,346 | -25.5% |
| Total Tax 2026 = estimate |
~$10,877
Estimated
|
~$14,599
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $531,496 | $531,496 | +0 (+0.0%) |
| Taxable Value | $531,496 | $531,496 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $531,496 | $53,498 | $477,998 | — | $531,496 | $531,496 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $713,346 | $41,728 | $671,618 | — | $713,346 | $713,346 | ~$14,599 | Partial |
| 2024 | $769,040 | — | — | −$727,312 | $41,728 | $— | $15,057 | Verified |
| 2023 | $130,026 | — | — | −$88,298 | $41,728 | $— | $13,914 | Verified |
| 2022 | $— | — | — | — | $30,385 | $— | $2,568 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -25.5% | -25.5% | ~100% | Not available | Partial |
| 2025 | -6.1% | -6.1% | ~100% | Not available | Partial |
| 2024 | -1.2% | -1.2% | ~100% | 1.9800% | Verified |
| 2023 | +491.5% ! | +491.5% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +448.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -25.5% | +152.9% | +150.3% | +491.5% | 2024 | -25.5% | 2026 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 5.4% | 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 |
$14,599 | $14,523 | ~$18,613 | $15,057 | 2024 | $13,914 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,670,841 | ~$784,681 | ~2.0139% | ~$15,803 | +134.2% |
| 2027 | ~$3,913,544 | ~$863,149 | ~1.9814% | ~$17,102 | +448.6% |
| 2028 | ~$9,166,536 | ~$949,464 | ~1.9488% | ~$18,504 | +1185.0% |
| 2029 | ~$21,470,407 | ~$1,044,410 | ~1.9163% | ~$20,014 | +2909.8% |
| 2030 | ~$50,289,266 | ~$1,148,851 | ~1.8837% | ~$21,641 | +6949.8% |
| 2026 | ~$1,656,575 | ~$784,681 | ~2.0465% | ~$16,058 | +132.2% |
| 2027 | ~$3,846,996 | ~$863,149 | ~2.0465% | ~$17,664 | +439.3% |
| 2028 | ~$8,933,723 | ~$949,464 | ~2.0465% | ~$19,431 | +1152.4% |
| 2029 | ~$20,746,424 | ~$1,044,410 | ~2.0465% | ~$21,374 | +2808.3% |
| 2030 | ~$48,178,580 | ~$1,148,851 | ~2.0465% | ~$23,511 | +6653.9% |
| 2026 | ~$1,685,108 | ~$784,681 | ~1.9977% | ~$15,675 | +136.2% |
| 2027 | ~$3,980,663 | ~$863,149 | ~1.9488% | ~$16,821 | +458.0% |
| 2028 | ~$9,403,360 | ~$949,464 | ~1.9000% | ~$18,040 | +1218.2% |
| 2029 | ~$22,213,176 | ~$1,044,410 | ~1.8512% | ~$19,334 | +3013.9% |
| 2030 | ~$52,473,288 | ~$1,148,851 | ~1.8024% | ~$20,707 | +7255.9% |
In 2025, this property's market value of $713,346 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -50% 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 | $713,346 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $769,040 | $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.