48 EAST AVE 2901 78701
| Owner | SKY VENTURE INVESTMENTS LLC |
|---|---|
| Parcel ID | 0203033007 |
| Short ID | 958715 |
| 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 2901 0.5260%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $64,448 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $64,448 |
| Improvement | $854,962 |
|---|---|
| Total Improvement | $854,962 |
| Market | $919,410 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $919,410 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $919,410 |
| Taxable Value | $919,410 |
|---|
Appreciation: Market value has risen +357.7% from $200,859 (2023) to $919,410 (2025), a CAGR of 113.9% 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 $18,816. 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 ($64,448 land vs $854,962 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 $919,410, 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 +114.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $41,214,880 by 2030, with an estimated annual tax burden around $27,893. 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 479% 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% | $8,506.38 | $8,506.38 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,817.86 | $4,817.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,455.56 | $3,455.56 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,085.12 | $1,085.12 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $950.67 | $950.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,815.59 | $18,815.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $905,300 | $919,410 | -1.5% |
| Assessed Value | $905,300 | $919,410 | -1.5% |
| Land Value | $82,626 | $64,448 | +28.2% |
| Improvement Value | $822,674 | $854,962 | -3.8% |
| Taxable Value | $905,300 | $919,410 | -1.5% |
| Total Tax 2026 = estimate |
~$18,527
Estimated
|
~$18,816
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $994,374 | $905,300 | -89,074 (-9.0%) |
| Taxable Value | $994,374 | $905,300 | -89,074 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $905,300 | $82,626 | $822,674 | — | $905,300 | $905,300 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $919,410 | $64,448 | $854,962 | — | $919,410 | $919,410 | ~$18,816 | Partial |
| 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 | +8.2% | +8.2% | ~100% | Not available | Partial |
| 2025 | -20.0% | -20.0% | ~100% | Not available | Partial |
| 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): +357.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.5% | +152.2% | +114.6% | +479.1% | 2024 | -21.0% | 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 |
$18,816 | $20,879 | ~$23,990 | $22,775 | 2024 | $18,816 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,967,063 | ~$1,011,351 | ~2.0139% | ~$20,368 | +113.9% |
| 2027 | ~$4,208,498 | ~$1,112,486 | ~1.9814% | ~$22,043 | +357.7% |
| 2028 | ~$9,004,013 | ~$1,223,735 | ~1.9488% | ~$23,849 | +879.3% |
| 2029 | ~$19,263,938 | ~$1,346,108 | ~1.9163% | ~$25,795 | +1995.2% |
| 2030 | ~$41,214,880 | ~$1,480,719 | ~1.8837% | ~$27,893 | +4382.8% |
| 2026 | ~$1,948,674 | ~$1,011,351 | ~2.0465% | ~$20,697 | +111.9% |
| 2027 | ~$4,130,183 | ~$1,112,486 | ~2.0465% | ~$22,767 | +349.2% |
| 2028 | ~$8,753,856 | ~$1,223,735 | ~2.0465% | ~$25,044 | +852.1% |
| 2029 | ~$18,553,655 | ~$1,346,108 | ~2.0465% | ~$27,548 | +1918.0% |
| 2030 | ~$39,324,167 | ~$1,480,719 | ~2.0465% | ~$30,303 | +4177.1% |
| 2026 | ~$1,985,451 | ~$1,011,351 | ~1.9977% | ~$20,203 | +115.9% |
| 2027 | ~$4,287,549 | ~$1,112,486 | ~1.9488% | ~$21,681 | +366.3% |
| 2028 | ~$9,258,891 | ~$1,223,735 | ~1.9000% | ~$23,251 | +907.0% |
| 2029 | ~$19,994,423 | ~$1,346,108 | ~1.8512% | ~$24,919 | +2074.7% |
| 2030 | ~$43,177,628 | ~$1,480,719 | ~1.8024% | ~$26,688 | +4596.2% |
In 2025, this property's market value of $919,410 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -35% 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 | $919,410 | $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.