48 EAST AVE 3007 78701
| Owner | DATA FLARE INC |
|---|---|
| Parcel ID | 0203033024 |
| Short ID | 958732 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 699 SF |
| Land SF | 58 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 3007 0.3225%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $39,510 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $39,510 |
| Improvement | $510,780 |
|---|---|
| Total Improvement | $510,780 |
| Market | $550,290 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $550,290 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $550,290 |
| Taxable Value | $550,290 |
|---|
Appreciation: Market value has risen +346.8% from $123,154 (2023) to $550,290 (2025), a CAGR of 111.4% 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 $11,262. 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 ($39,510 land vs $510,780 improvements), about $681/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $550,290, 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 +111.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $23,224,660 by 2030, with an estimated annual tax burden around $16,695. 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 | 699 SF | ✓ |
Market value changed by 488% 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% | $5,091.28 | $5,091.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,883.61 | $2,883.61 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,068.24 | $2,068.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $649.47 | $649.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $569.00 | $569.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,261.60 | $11,261.60 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $500,949 | $550,290 | -9.0% |
| Assessed Value | $500,949 | $550,290 | -9.0% |
| Land Value | $50,654 | $39,510 | +28.2% |
| Improvement Value | $450,295 | $510,780 | -11.8% |
| Taxable Value | $500,949 | $550,290 | -9.0% |
| Total Tax 2026 = estimate |
~$10,252
Estimated
|
~$11,262
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $500,949 | $500,949 | +0 (+0.0%) |
| Taxable Value | $500,949 | $500,949 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $500,949 | $50,654 | $450,295 | — | $500,949 | $500,949 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $550,290 | $39,510 | $510,780 | — | $550,290 | $550,290 | ~$11,262 | Partial |
| 2024 | $724,675 | — | — | −$685,165 | $39,510 | $— | $14,188 | Verified |
| 2023 | $123,154 | — | — | −$83,644 | $39,510 | $— | $13,111 | Verified |
| 2022 | $— | — | — | — | $28,780 | $— | $2,432 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.0% | -9.0% | ~100% | Not available | Partial |
| 2025 | -23.1% | -23.1% | ~100% | Not available | Partial |
| 2024 | -1.2% | -1.2% | ~100% | 1.9800% | Verified |
| 2023 | +488.4% ! | +488.4% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +346.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.0% | +151.8% | +115.5% | +488.4% | 2024 | -24.1% | 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 |
$11,262 | $12,854 | ~$14,358 | $14,188 | 2024 | $11,262 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,163,224 | ~$605,319 | ~2.0139% | ~$12,191 | +111.4% |
| 2027 | ~$2,458,865 | ~$665,851 | ~1.9814% | ~$13,193 | +346.8% |
| 2028 | ~$5,197,641 | ~$732,436 | ~1.9488% | ~$14,274 | +844.5% |
| 2029 | ~$10,986,967 | ~$805,680 | ~1.9163% | ~$15,439 | +1896.6% |
| 2030 | ~$23,224,660 | ~$886,248 | ~1.8837% | ~$16,695 | +4120.4% |
| 2026 | ~$1,152,218 | ~$605,319 | ~2.0465% | ~$12,388 | +109.4% |
| 2027 | ~$2,412,556 | ~$665,851 | ~2.0465% | ~$13,627 | +338.4% |
| 2028 | ~$5,051,500 | ~$732,436 | ~2.0465% | ~$14,989 | +818.0% |
| 2029 | ~$10,577,020 | ~$805,680 | ~2.0465% | ~$16,488 | +1822.1% |
| 2030 | ~$22,146,558 | ~$886,248 | ~2.0465% | ~$18,137 | +3924.5% |
| 2026 | ~$1,174,229 | ~$605,319 | ~1.9977% | ~$12,092 | +113.4% |
| 2027 | ~$2,505,614 | ~$665,851 | ~1.9488% | ~$12,976 | +355.3% |
| 2028 | ~$5,346,573 | ~$732,436 | ~1.9000% | ~$13,916 | +871.6% |
| 2029 | ~$11,408,717 | ~$805,680 | ~1.8512% | ~$14,915 | +1973.2% |
| 2030 | ~$24,344,345 | ~$886,248 | ~1.8024% | ~$15,973 | +4323.9% |
In 2025, this property's market value of $550,290 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -61% 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 | $550,290 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $724,675 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $123,154 | $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.