48 EAST AVE 3003 78701
| Owner | GAB 3003 LLC |
|---|---|
| Parcel ID | 0203033020 |
| Short ID | 958728 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 641 SF |
| Land SF | 53 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 3003 0.2969%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $36,384 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $36,384 |
| Improvement | $448,709 |
|---|---|
| Total Improvement | $448,709 |
| Market | $485,093 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $485,093 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $485,093 |
| Taxable Value | $485,093 |
|---|
Appreciation: Market value has risen +327.9% from $113,377 (2023) to $485,093 (2025), a CAGR of 106.8% 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 $9,927. 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 ($36,384 land vs $448,709 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 $485,093, 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 +106.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,368,561 by 2030, with an estimated annual tax burden around $14,717. 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 | 641 SF | ✓ |
Market value changed by 486% 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% | $4,488.08 | $4,488.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,541.97 | $2,541.97 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,823.20 | $1,823.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $572.52 | $572.52 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $501.59 | $501.59 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,927.36 | $9,927.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $496,778 | $485,093 | +2.4% |
| Assessed Value | $496,778 | $485,093 | +2.4% |
| Land Value | $46,646 | $36,384 | +28.2% |
| Improvement Value | $450,132 | $448,709 | +0.3% |
| Taxable Value | $496,778 | $485,093 | +2.4% |
| Total Tax 2026 = estimate |
~$10,166
Estimated
|
~$9,927
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $589,928 | $496,778 | -93,150 (-15.8%) |
| Taxable Value | $582,112 | $496,778 | -85,334 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $496,778 | $46,646 | $450,132 | — | $496,778 | $496,778 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $485,093 | $36,384 | $448,709 | — | $485,093 | $485,093 | ~$9,927 | Partial |
| 2024 | $664,696 | — | — | −$628,312 | $36,384 | $— | $11,159 | Verified |
| 2023 | $113,377 | — | — | −$76,993 | $36,384 | $— | $12,026 | Verified |
| 2022 | $— | — | — | — | $26,495 | $— | $2,239 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +21.6% | +20.0% | 98.7% | Not available | Partial |
| 2025 | -13.9% | -13.9% | ~100% | Not available | Partial |
| 2024 | -15.3% | -15.3% | ~100% | 1.9800% | Verified |
| 2023 | +486.3% ! | +486.3% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +327.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.4% | +153.9% | +105.9% | +486.3% | 2024 | -27.0% | 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 |
$9,927 | $11,038 | ~$12,657 | $12,026 | 2023 | $9,927 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,003,402 | ~$533,602 | ~2.0139% | ~$10,746 | +106.8% |
| 2027 | ~$2,075,511 | ~$586,963 | ~1.9814% | ~$11,630 | +327.9% |
| 2028 | ~$4,293,140 | ~$645,659 | ~1.9488% | ~$12,583 | +785.0% |
| 2029 | ~$8,880,248 | ~$710,225 | ~1.9163% | ~$13,610 | +1730.6% |
| 2030 | ~$18,368,561 | ~$781,247 | ~1.8837% | ~$14,717 | +3686.6% |
| 2026 | ~$993,700 | ~$533,602 | ~2.0465% | ~$10,920 | +104.8% |
| 2027 | ~$2,035,569 | ~$586,963 | ~2.0465% | ~$12,012 | +319.6% |
| 2028 | ~$4,169,810 | ~$645,659 | ~2.0465% | ~$13,213 | +759.6% |
| 2029 | ~$8,541,746 | ~$710,225 | ~2.0465% | ~$14,535 | +1660.8% |
| 2030 | ~$17,497,543 | ~$781,247 | ~2.0465% | ~$15,988 | +3507.0% |
| 2026 | ~$1,013,104 | ~$533,602 | ~1.9977% | ~$10,660 | +108.8% |
| 2027 | ~$2,115,841 | ~$586,963 | ~1.9488% | ~$11,439 | +336.2% |
| 2028 | ~$4,418,879 | ~$645,659 | ~1.9000% | ~$12,268 | +810.9% |
| 2029 | ~$9,228,713 | ~$710,225 | ~1.8512% | ~$13,148 | +1802.5% |
| 2030 | ~$19,273,925 | ~$781,247 | ~1.8024% | ~$14,081 | +3873.2% |
In 2025, this property's market value of $485,093 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -66% 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 | $485,093 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $664,696 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $113,377 | $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.