48 EAST AVE 2505 78701
| Owner | CHEN CATHERINE |
|---|---|
| Parcel ID | 0203032967 |
| Short ID | 958675 |
| 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 2505 0.3287%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $40,268 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $40,268 |
| Improvement | $512,702 |
|---|---|
| Total Improvement | $512,702 |
| Market | $552,970 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $552,970 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $552,970 |
| Taxable Value | $552,970 |
|---|
Appreciation: Market value has risen +340.6% from $125,518 (2023) to $552,970 (2025), a CAGR of 109.9% 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 $11,316. 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 ($40,268 land vs $512,702 improvements), about $683/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $552,970, 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 +109.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $22,526,331 by 2030, with an estimated annual tax burden around $16,776. 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 483% 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% | $5,116.08 | $5,116.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,897.66 | $2,897.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,078.31 | $2,078.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $652.63 | $652.63 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $571.77 | $571.77 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,316.45 | $11,316.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $506,430 | $552,970 | -8.4% |
| Assessed Value | $506,430 | $552,970 | -8.4% |
| Land Value | $51,625 | $40,268 | +28.2% |
| Improvement Value | $454,805 | $512,702 | -11.3% |
| Taxable Value | $506,430 | $552,970 | -8.4% |
| Total Tax 2026 = estimate |
~$10,364
Estimated
|
~$11,316
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $506,430 | $506,430 | +0 (+0.0%) |
| Taxable Value | $506,430 | $506,430 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $506,430 | $51,625 | $454,805 | — | $506,430 | $506,430 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $552,970 | $40,268 | $512,702 | — | $552,970 | $552,970 | ~$11,316 | Partial |
| 2024 | $732,293 | — | — | −$692,025 | $40,268 | $— | $13,262 | Verified |
| 2023 | $125,518 | — | — | −$85,250 | $40,268 | $— | $13,249 | Verified |
| 2022 | $— | — | — | — | $29,330 | $— | $2,479 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.4% | -8.4% | ~100% | Not available | Partial |
| 2025 | -17.4% | -17.4% | ~100% | Not available | Partial |
| 2024 | -8.6% | -8.6% | ~100% | 1.9800% | Verified |
| 2023 | +483.4% ! | +483.4% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +340.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.4% | +150.2% | +113.8% | +483.4% | 2024 | -24.5% | 2025 |
| 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
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$11,316 | $12,609 | ~$14,428 | $13,262 | 2024 | $11,316 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,160,645 | ~$608,267 | ~2.0139% | ~$12,250 | +109.9% |
| 2027 | ~$2,436,111 | ~$669,094 | ~1.9814% | ~$13,257 | +340.6% |
| 2028 | ~$5,113,225 | ~$736,003 | ~1.9488% | ~$14,344 | +824.7% |
| 2029 | ~$10,732,297 | ~$809,603 | ~1.9163% | ~$15,514 | +1840.8% |
| 2030 | ~$22,526,331 | ~$890,564 | ~1.8837% | ~$16,776 | +3973.7% |
| 2026 | ~$1,149,585 | ~$608,267 | ~2.0465% | ~$12,448 | +107.9% |
| 2027 | ~$2,389,907 | ~$669,094 | ~2.0465% | ~$13,693 | +332.2% |
| 2028 | ~$4,968,447 | ~$736,003 | ~2.0465% | ~$15,062 | +798.5% |
| 2029 | ~$10,329,049 | ~$809,603 | ~2.0465% | ~$16,568 | +1767.9% |
| 2030 | ~$21,473,361 | ~$890,564 | ~2.0465% | ~$18,225 | +3783.3% |
| 2026 | ~$1,171,704 | ~$608,267 | ~1.9977% | ~$12,151 | +111.9% |
| 2027 | ~$2,482,758 | ~$669,094 | ~1.9488% | ~$13,040 | +349.0% |
| 2028 | ~$5,260,789 | ~$736,003 | ~1.9000% | ~$13,984 | +851.4% |
| 2029 | ~$11,147,239 | ~$809,603 | ~1.8512% | ~$14,987 | +1915.9% |
| 2030 | ~$23,620,210 | ~$890,564 | ~1.8024% | ~$16,051 | +4171.5% |
In 2025, this property's market value of $552,970 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -61% 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 | $552,970 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $732,293 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $125,518 | $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.