48 EAST AVE 2301 78701
| Owner | GALINDO CID |
|---|---|
| Parcel ID | 0203032941 |
| Short ID | 958649 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,121 SF |
| Land SF | 94 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 2301 0.5260%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $64,448 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $64,448 |
| Improvement | $1,014,664 |
|---|---|
| Total Improvement | $1,014,664 |
| Market | $1,079,112 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,079,112 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,079,112 |
| Taxable Value | $1,079,112 |
|---|
| Total Due | $1,348.47 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +437.2% from $200,859 (2023) to $1,079,112 (2025), a CAGR of 131.8% 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 $22,084. 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 ($64,448 land vs $1,014,664 improvements), about $686/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,079,112, 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 +131.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $72,194,579 by 2030, with an estimated annual tax burden around $32,738. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $1,348.47 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,121 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +501 |
| Travis County | 0.3444% | 0.3758% | +339 |
| Austin ISD | 0.9505% | 0.9252% | -273 |
| Travis Central Health | 0.1080% | 0.1180% | +108 |
| Austin Community College | 0.1013% | 0.1034% | +23 |
Market value changed by 479% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $9,983.94 | $9,453.83 | $530.11 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,654.73 | $5,354.48 | $300.25 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,055.79 | $3,840.44 | $215.35 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,273.60 | $1,205.98 | $67.62 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,115.80 | $1,056.55 | $59.25 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,083.86 | $20,911.28 | $1,172.58 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $787,553 | $1,079,112 | -27.0% |
| Assessed Value | $787,553 | $1,079,112 | -27.0% |
| Land Value | $82,626 | $64,448 | +28.2% |
| Improvement Value | $704,927 | $1,014,664 | -30.5% |
| Taxable Value | $787,553 | $1,079,112 | -27.0% |
| Total Tax 2026 = estimate |
~$16,117
Estimated
|
$22,084 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $923,274 | $787,553 | -135,721 (-14.7%) |
| Taxable Value | $923,274 | $787,553 | -135,721 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $787,553 | $82,626 | $704,927 | — | $787,553 | $787,553 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,079,112 | $64,448 | $1,014,664 | — | $1,079,112 | $1,079,112 | $22,084 | Verified |
| 2024 | $1,163,260 | — | — | −$1,098,812 | $64,448 | $— | $22,775 | Verified |
| 2023 | $200,859 | — | — | −$136,411 | $64,448 | $— | $21,046 | Verified |
| 2022 | $— | — | — | — | $46,935 | $— | $3,967 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -14.4% | -14.4% | ~100% | Not available | Partial |
| 2025 | -6.1% | -6.1% | ~100% | 2.0500% | Verified |
| 2024 | -1.2% | -1.2% | ~100% | 1.9800% | Verified |
| 2023 | +479.1% ! | +479.1% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +437.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -27.0% | +148.3% | +148.9% | +479.1% | 2024 | -27.0% | 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 | $22,084 | $21,968 | ~$28,156 | $22,775 | 2024 | $21,046 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,501,233 | ~$1,187,023 | ~2.0139% | ~$23,906 | +131.8% |
| 2027 | ~$5,797,513 | ~$1,305,726 | ~1.9814% | ~$25,871 | +437.2% |
| 2028 | ~$13,437,837 | ~$1,436,298 | ~1.9488% | ~$27,991 | +1145.3% |
| 2029 | ~$31,147,054 | ~$1,579,928 | ~1.9163% | ~$30,276 | +2786.4% |
| 2030 | ~$72,194,579 | ~$1,737,921 | ~1.8837% | ~$32,738 | +6590.2% |
| 2026 | ~$2,479,651 | ~$1,187,023 | ~2.0465% | ~$24,292 | +129.8% |
| 2027 | ~$5,697,896 | ~$1,305,726 | ~2.0465% | ~$26,721 | +428.0% |
| 2028 | ~$13,092,979 | ~$1,436,298 | ~2.0465% | ~$29,394 | +1113.3% |
| 2029 | ~$30,085,861 | ~$1,579,928 | ~2.0465% | ~$32,333 | +2688.0% |
| 2030 | ~$69,133,163 | ~$1,737,921 | ~2.0465% | ~$35,566 | +6306.5% |
| 2026 | ~$2,522,815 | ~$1,187,023 | ~1.9977% | ~$23,713 | +133.8% |
| 2027 | ~$5,897,994 | ~$1,305,726 | ~1.9488% | ~$25,447 | +446.6% |
| 2028 | ~$13,788,698 | ~$1,436,298 | ~1.9000% | ~$27,290 | +1177.8% |
| 2029 | ~$32,236,075 | ~$1,579,928 | ~1.8512% | ~$29,248 | +2887.3% |
| 2030 | ~$75,363,501 | ~$1,737,921 | ~1.8024% | ~$31,324 | +6883.8% |
In 2025, this property's market value of $1,079,112 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -24% 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 | $1,079,112 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,163,260 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $200,859 | $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.