48 EAST AVE 3004 78701
| Owner | VARGHESE BETSY |
|---|---|
| Parcel ID | 0203033021 |
| Short ID | 958729 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 893 SF |
| Land SF | 75 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 3004 0.4150%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $50,853 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $50,853 |
| Improvement | $568,349 |
|---|---|
| Total Improvement | $568,349 |
| Market | $619,202 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $619,202 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $619,202 |
| Taxable Value | $619,202 |
|---|
Appreciation: Market value has risen +290.7% from $158,472 (2023) to $619,202 (2025), a CAGR of 97.7% 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 $12,672. 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 ($50,853 land vs $568,349 improvements), about $678/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $619,202, 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 +97.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,686,668 by 2030, with an estimated annual tax burden around $18,785. 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 | 893 SF | ✓ |
Market value changed by 484% 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% | $5,728.86 | $5,728.86 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,244.72 | $3,244.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,327.24 | $2,327.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $730.80 | $730.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $640.25 | $640.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,671.87 | $12,671.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $525,000 | $619,202 | -15.2% |
| Assessed Value | $525,000 | $619,202 | -15.2% |
| Land Value | $65,196 | $50,853 | +28.2% |
| Improvement Value | $459,804 | $568,349 | -19.1% |
| Taxable Value | $525,000 | $619,202 | -15.2% |
| Total Tax 2026 = estimate |
~$10,744
Estimated
|
~$12,672
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $640,466 | $525,000 | -115,466 (-18.0%) |
| Taxable Value | $640,466 | $525,000 | -115,466 (-18.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $525,000 | $65,196 | $459,804 | — | $525,000 | $525,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $619,202 | $50,853 | $568,349 | — | $619,202 | $619,202 | ~$12,672 | Partial |
| 2024 | $692,000 | — | — | −$641,147 | $50,853 | $— | $13,714 | Verified |
| 2023 | $158,472 | — | — | −$107,619 | $50,853 | $— | $12,634 | Verified |
| 2022 | $— | — | — | — | $37,030 | $— | $3,130 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.4% | +3.4% | ~100% | Not available | Partial |
| 2025 | -10.5% | -10.5% | ~100% | Not available | Partial |
| 2024 | -25.3% | -25.3% | ~100% | 1.9800% | Verified |
| 2023 | +484.4% ! | +484.4% | ~100% | 1.3600% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +290.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.2% | +103.7% | +104.8% | +336.7% | 2024 | -15.2% | 2026 |
| Assessment Ratio | 100.0% | 59.9% | — | 100.0% | 2025 | 7.3% | 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 |
$12,672 | $13,007 | ~$16,156 | $13,714 | 2024 | $12,634 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,223,974 | ~$681,122 | ~2.0139% | ~$13,717 | +97.7% |
| 2027 | ~$2,419,425 | ~$749,234 | ~1.9814% | ~$14,845 | +290.7% |
| 2028 | ~$4,782,468 | ~$824,158 | ~1.9488% | ~$16,062 | +672.4% |
| 2029 | ~$9,453,486 | ~$906,574 | ~1.9163% | ~$17,373 | +1426.7% |
| 2030 | ~$18,686,668 | ~$997,231 | ~1.8837% | ~$18,785 | +2917.9% |
| 2026 | ~$1,211,590 | ~$681,122 | ~2.0465% | ~$13,939 | +95.7% |
| 2027 | ~$2,370,714 | ~$749,234 | ~2.0465% | ~$15,333 | +282.9% |
| 2028 | ~$4,638,766 | ~$824,158 | ~2.0465% | ~$16,866 | +649.2% |
| 2029 | ~$9,076,656 | ~$906,574 | ~2.0465% | ~$18,553 | +1365.9% |
| 2030 | ~$17,760,257 | ~$997,231 | ~2.0465% | ~$20,408 | +2768.2% |
| 2026 | ~$1,236,358 | ~$681,122 | ~1.9977% | ~$13,607 | +99.7% |
| 2027 | ~$2,468,632 | ~$749,234 | ~1.9488% | ~$14,601 | +298.7% |
| 2028 | ~$4,929,107 | ~$824,158 | ~1.9000% | ~$15,659 | +696.0% |
| 2029 | ~$9,841,929 | ~$906,574 | ~1.8512% | ~$16,782 | +1489.5% |
| 2030 | ~$19,651,341 | ~$997,231 | ~1.8024% | ~$17,974 | +3073.7% |
In 2025, this property's market value of $619,202 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -56% 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 | $619,202 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $692,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $158,472 | $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.