48 EAST AVE 2701 78701
| Owner | YOUNG WESLEY R & JAMIE M |
|---|---|
| Parcel ID | 0203032985 |
| Short ID | 958693 |
| 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 2701 0.5260%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $64,448 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $64,448 |
| Improvement | $618,883 |
|---|---|
| Total Improvement | $618,883 |
| Market | $683,331 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $683,331 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $683,331 |
| Taxable Value | $683,331 |
|---|
Appreciation: Market value has risen +240.2% from $200,859 (2023) to $683,331 (2025), a CAGR of 84.4% 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 $13,984. 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 9% of market value ($64,448 land vs $618,883 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 $683,331, 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 +84.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $14,587,494 by 2030, with an estimated annual tax burden around $20,731. 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 | 1,121 SF | ✓ |
Market value changed by 361% 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% | $6,322.18 | $6,322.18 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,580.77 | $3,580.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,568.27 | $2,568.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $806.49 | $806.49 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $706.56 | $706.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,984.27 | $13,984.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $817,405 | $683,331 | +19.6% |
| Assessed Value | $817,405 | $683,331 | +19.6% |
| Land Value | $82,626 | $64,448 | +28.2% |
| Improvement Value | $734,779 | $618,883 | +18.7% |
| Taxable Value | $817,405 | $683,331 | +19.6% |
| Total Tax 2026 = estimate |
~$16,728
Estimated
|
~$13,984
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $970,674 | $817,405 | -153,269 (-15.8%) |
| Taxable Value | $819,997 | $817,405 | -2,592 (-0.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $817,405 | $82,626 | $734,779 | — | $817,405 | $817,405 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $683,331 | $64,448 | $618,883 | — | $683,331 | $683,331 | ~$13,984 | Partial |
| 2024 | $925,000 | — | — | −$860,552 | $64,448 | $— | $15,720 | Verified |
| 2023 | $200,859 | — | — | −$136,411 | $64,448 | $— | $16,736 | Verified |
| 2022 | $— | — | — | — | $46,935 | $— | $3,967 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +42.1% | +20.0% | 84.5% | Not available | Partial |
| 2025 | -13.9% | -13.9% | ~100% | Not available | Partial |
| 2024 | -14.2% | -14.2% | ~100% | 1.9800% | Verified |
| 2023 | +360.5% ! | +360.5% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +240.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +19.6% | +118.0% | +78.4% | +360.5% | 2024 | -26.1% | 2025 |
| Assessment Ratio | 100.0% | 59.8% | — | 100.0% | 2025 | 7.0% | 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 |
$13,984 | $15,480 | ~$17,830 | $16,736 | 2023 | $13,984 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,260,379 | ~$751,664 | ~2.0139% | ~$15,138 | +84.4% |
| 2027 | ~$2,324,722 | ~$826,831 | ~1.9814% | ~$16,383 | +240.2% |
| 2028 | ~$4,287,863 | ~$909,514 | ~1.9488% | ~$17,725 | +527.5% |
| 2029 | ~$7,908,803 | ~$1,000,465 | ~1.9163% | ~$19,172 | +1057.4% |
| 2030 | ~$14,587,494 | ~$1,100,511 | ~1.8837% | ~$20,731 | +2034.8% |
| 2026 | ~$1,246,712 | ~$751,664 | ~2.0465% | ~$15,383 | +82.4% |
| 2027 | ~$2,274,580 | ~$826,831 | ~2.0465% | ~$16,921 | +232.9% |
| 2028 | ~$4,149,886 | ~$909,514 | ~2.0465% | ~$18,613 | +507.3% |
| 2029 | ~$7,571,313 | ~$1,000,465 | ~2.0465% | ~$20,474 | +1008.0% |
| 2030 | ~$13,813,580 | ~$1,100,511 | ~2.0465% | ~$22,522 | +1921.5% |
| 2026 | ~$1,274,045 | ~$751,664 | ~1.9977% | ~$15,016 | +86.4% |
| 2027 | ~$2,375,410 | ~$826,831 | ~1.9488% | ~$16,114 | +247.6% |
| 2028 | ~$4,428,864 | ~$909,514 | ~1.9000% | ~$17,281 | +548.1% |
| 2029 | ~$8,257,452 | ~$1,000,465 | ~1.8512% | ~$18,521 | +1108.4% |
| 2030 | ~$15,395,713 | ~$1,100,511 | ~1.8024% | ~$19,835 | +2153.0% |
In 2025, this property's market value of $683,331 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -52% 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 | $683,331 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $925,000 | $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.