48 EAST AVE 2507 78701
| Owner | TMFLY LLC |
|---|---|
| Parcel ID | 0203032969 |
| Short ID | 958677 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 699 SF |
| Land SF | 58 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 2507 0.3225%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $39,510 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $39,510 |
| Improvement | $467,372 |
|---|---|
| Total Improvement | $467,372 |
| Market | $506,882 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $506,882 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $506,882 |
| Taxable Value | $506,882 |
|---|
Appreciation: Market value has risen +311.6% from $123,154 (2023) to $506,882 (2025), a CAGR of 102.9% 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 $10,373. 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 ($39,510 land vs $467,372 improvements), about $681/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $506,882, 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 +102.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,420,184 by 2030, with an estimated annual tax burden around $15,378. 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 | 699 SF | ✓ |
Market value changed by 488% 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% | $4,689.67 | $4,689.67 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,656.15 | $2,656.15 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,905.09 | $1,905.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $598.24 | $598.24 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $524.12 | $524.12 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,373.27 | $10,373.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $427,309 | $506,882 | -15.7% |
| Assessed Value | $427,309 | $506,882 | -15.7% |
| Land Value | $50,654 | $39,510 | +28.2% |
| Improvement Value | $376,655 | $467,372 | -19.4% |
| Taxable Value | $427,309 | $506,882 | -15.7% |
| Total Tax 2026 = estimate |
~$8,745
Estimated
|
~$10,373
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $500,949 | $427,309 | -73,640 (-14.7%) |
| Taxable Value | $500,949 | $427,309 | -73,640 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $427,309 | $50,654 | $376,655 | — | $427,309 | $427,309 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $506,882 | $39,510 | $467,372 | — | $506,882 | $506,882 | ~$10,373 | Partial |
| 2024 | $600,000 | — | — | −$560,490 | $39,510 | $— | $10,999 | Verified |
| 2023 | $123,154 | — | — | −$83,644 | $39,510 | $— | $10,855 | Verified |
| 2022 | $— | — | — | — | $28,780 | $— | $2,432 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.2% | -1.2% | ~100% | Not available | Partial |
| 2025 | -8.7% | -8.7% | ~100% | Not available | Partial |
| 2024 | -23.4% | -23.4% | ~100% | 1.9800% | Verified |
| 2023 | +488.4% ! | +488.4% | ~100% | 1.5000% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +311.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.7% | +118.7% | +110.4% | +387.2% | 2024 | -15.7% | 2026 |
| 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 |
$10,373 | $10,743 | ~$13,226 | $10,999 | 2024 | $10,373 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,028,338 | ~$557,570 | ~2.0139% | ~$11,229 | +102.9% |
| 2027 | ~$2,086,245 | ~$613,327 | ~1.9814% | ~$12,152 | +311.6% |
| 2028 | ~$4,232,475 | ~$674,660 | ~1.9488% | ~$13,148 | +735.0% |
| 2029 | ~$8,586,646 | ~$742,126 | ~1.9163% | ~$14,221 | +1594.0% |
| 2030 | ~$17,420,184 | ~$816,339 | ~1.8837% | ~$15,378 | +3336.7% |
| 2026 | ~$1,018,201 | ~$557,570 | ~2.0465% | ~$11,411 | +100.9% |
| 2027 | ~$2,045,314 | ~$613,327 | ~2.0465% | ~$12,552 | +303.5% |
| 2028 | ~$4,108,530 | ~$674,660 | ~2.0465% | ~$13,807 | +710.5% |
| 2029 | ~$8,253,022 | ~$742,126 | ~2.0465% | ~$15,187 | +1528.2% |
| 2030 | ~$16,578,283 | ~$816,339 | ~2.0465% | ~$16,706 | +3170.6% |
| 2026 | ~$1,038,476 | ~$557,570 | ~1.9977% | ~$11,138 | +104.9% |
| 2027 | ~$2,127,581 | ~$613,327 | ~1.9488% | ~$11,953 | +319.7% |
| 2028 | ~$4,358,888 | ~$674,660 | ~1.9000% | ~$12,819 | +759.9% |
| 2029 | ~$8,930,284 | ~$742,126 | ~1.8512% | ~$13,738 | +1661.8% |
| 2030 | ~$18,295,946 | ~$816,339 | ~1.8024% | ~$14,713 | +3509.5% |
In 2025, this property's market value of $506,882 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -64% 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 | $506,882 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $600,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $123,154 | $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.