48 EAST AVE 3001 78701
| Owner | BROGAN STUART & PAIGE BROGAN |
|---|---|
| Parcel ID | 0203033018 |
| Short ID | 958726 |
| 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 3001 0.5260%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $64,448 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $64,448 |
| Improvement | $839,505 |
|---|---|
| Total Improvement | $839,505 |
| Market | $903,953 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $903,953 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $903,953 |
| Taxable Value | $903,953 |
|---|
Appreciation: Market value has risen +350.0% from $200,859 (2023) to $903,953 (2025), a CAGR of 112.1% 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 $18,499. 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 $839,505 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 $903,953, 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 +112.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $38,840,270 by 2030, with an estimated annual tax burden around $27,424. 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% | $8,363.37 | $8,363.37 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,736.87 | $4,736.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,397.46 | $3,397.46 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,066.87 | $1,066.87 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $934.69 | $934.69 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,499.26 | $18,499.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $910,000 | $903,953 | +0.7% |
| Assessed Value | $910,000 | $903,953 | +0.7% |
| Land Value | $82,626 | $64,448 | +28.2% |
| Improvement Value | $827,374 | $839,505 | -1.4% |
| Taxable Value | $910,000 | $903,953 | +0.7% |
| Total Tax 2026 = estimate |
~$18,623
Estimated
|
~$18,499
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,006,224 | $910,000 | -96,224 (-9.6%) |
| Taxable Value | $1,006,224 | $910,000 | -96,224 (-9.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $910,000 | $82,626 | $827,374 | — | $910,000 | $910,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $903,953 | $64,448 | $839,505 | — | $903,953 | $903,953 | ~$18,499 | Partial |
| 2024 | $1,035,000 | — | — | −$970,552 | $64,448 | $— | $18,973 | Verified |
| 2023 | $200,859 | — | — | −$136,411 | $64,448 | $— | $18,726 | Verified |
| 2022 | $— | — | — | — | $46,935 | $— | $3,967 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.3% | +11.3% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | -17.7% | -17.7% | ~100% | 1.9800% | Verified |
| 2023 | +479.1% ! | +479.1% | ~100% | 1.6100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +350.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.7% | +134.4% | +111.9% | +415.3% | 2024 | -12.7% | 2025 |
| Assessment Ratio | 100.0% | 59.6% | — | 100.0% | 2025 | 6.2% | 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 |
$18,499 | $18,733 | ~$23,586 | $18,973 | 2024 | $18,499 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,917,667 | ~$994,348 | ~2.0139% | ~$20,026 | +112.1% |
| 2027 | ~$4,068,182 | ~$1,093,783 | ~1.9814% | ~$21,672 | +350.0% |
| 2028 | ~$8,630,336 | ~$1,203,161 | ~1.9488% | ~$23,448 | +854.7% |
| 2029 | ~$18,308,593 | ~$1,323,478 | ~1.9163% | ~$25,362 | +1925.4% |
| 2030 | ~$38,840,270 | ~$1,455,825 | ~1.8837% | ~$27,424 | +4196.7% |
| 2026 | ~$1,899,588 | ~$994,348 | ~2.0465% | ~$20,349 | +110.1% |
| 2027 | ~$3,991,837 | ~$1,093,783 | ~2.0465% | ~$22,384 | +341.6% |
| 2028 | ~$8,388,539 | ~$1,203,161 | ~2.0465% | ~$24,623 | +828.0% |
| 2029 | ~$17,627,868 | ~$1,323,478 | ~2.0465% | ~$27,085 | +1850.1% |
| 2030 | ~$37,043,608 | ~$1,455,825 | ~2.0465% | ~$29,793 | +3998.0% |
| 2026 | ~$1,935,746 | ~$994,348 | ~1.9977% | ~$19,864 | +114.1% |
| 2027 | ~$4,145,251 | ~$1,093,783 | ~1.9488% | ~$21,316 | +358.6% |
| 2028 | ~$8,876,735 | ~$1,203,161 | ~1.9000% | ~$22,860 | +882.0% |
| 2029 | ~$19,008,845 | ~$1,323,478 | ~1.8512% | ~$24,500 | +2002.9% |
| 2030 | ~$40,705,977 | ~$1,455,825 | ~1.8024% | ~$26,239 | +4403.1% |
In 2025, this property's market value of $903,953 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -36% 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 | $903,953 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,035,000 | $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.