48 EAST AVE 3210 78701
| Owner | CARPE SPEM LLC |
|---|---|
| Parcel ID | 0203033049 |
| Short ID | 958757 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,357 SF |
| Land SF | 113 SF |
| Acres | 0.003 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 3210 0.6289%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $77,061 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $77,061 |
| Improvement | $824,939 |
|---|---|
| Total Improvement | $824,939 |
| Market | $902,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $902,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $902,000 |
| Taxable Value | $902,000 |
|---|
Appreciation: Market value has risen +275.6% from $240,156 (2023) to $902,000 (2025), a CAGR of 93.8% 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 $18,459. 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 9% of market value ($77,061 land vs $824,939 improvements), about $682/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $902,000, 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 +93.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $24,659,785 by 2030, with an estimated annual tax burden around $27,365. 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 | 1,357 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% | $8,345.30 | $8,345.30 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,726.63 | $4,726.63 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,390.12 | $3,390.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,064.57 | $1,064.57 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $932.67 | $932.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,459.29 | $18,459.29 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $902,000 | $902,000 | +0.0% |
| Assessed Value | $902,000 | $902,000 | +0.0% |
| Land Value | $98,796 | $77,061 | +28.2% |
| Improvement Value | $803,204 | $824,939 | -2.6% |
| Taxable Value | $902,000 | $902,000 | +0.0% |
| Total Tax 2026 = estimate |
~$18,459
Estimated
|
~$18,459
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $902,000 | $902,000 | +0 (+0.0%) |
| Taxable Value | $902,000 | $902,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $902,000 | $98,796 | $803,204 | — | $902,000 | $902,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $902,000 | $77,061 | $824,939 | — | $902,000 | $902,000 | ~$18,459 | Partial |
| 2024 | $1,390,537 | — | — | −$1,313,476 | $77,061 | $— | $18,066 | Verified |
| 2023 | $240,156 | — | — | −$163,095 | $77,061 | $— | $25,158 | Verified |
| 2022 | $— | — | — | — | $56,120 | $— | $4,743 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -34.3% | -34.3% | ~100% | Not available | Partial |
| 2024 | -1.2% | -1.2% | ~100% | 1.3200% | Verified |
| 2023 | +479.0% ! | +479.0% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +275.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +148.0% | +93.8% | +479.0% | 2024 | -35.1% | 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 |
$18,459 | $20,561 | ~$23,535 | $25,158 | 2023 | $18,066 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,748,087 | ~$992,200 | ~2.0139% | ~$19,982 | +93.8% |
| 2027 | ~$3,387,815 | ~$1,091,420 | ~1.9814% | ~$21,625 | +275.6% |
| 2028 | ~$6,565,627 | ~$1,200,562 | ~1.9488% | ~$23,397 | +627.9% |
| 2029 | ~$12,724,266 | ~$1,320,618 | ~1.9163% | ~$25,307 | +1310.7% |
| 2030 | ~$24,659,785 | ~$1,452,680 | ~1.8837% | ~$27,365 | +2633.9% |
| 2026 | ~$1,730,047 | ~$992,200 | ~2.0465% | ~$20,305 | +91.8% |
| 2027 | ~$3,318,252 | ~$1,091,420 | ~2.0465% | ~$22,336 | +267.9% |
| 2028 | ~$6,364,448 | ~$1,200,562 | ~2.0465% | ~$24,569 | +605.6% |
| 2029 | ~$12,207,091 | ~$1,320,618 | ~2.0465% | ~$27,026 | +1253.3% |
| 2030 | ~$23,413,351 | ~$1,452,680 | ~2.0465% | ~$29,729 | +2495.7% |
| 2026 | ~$1,766,127 | ~$992,200 | ~1.9977% | ~$19,821 | +95.8% |
| 2027 | ~$3,458,099 | ~$1,091,420 | ~1.9488% | ~$21,270 | +283.4% |
| 2028 | ~$6,771,000 | ~$1,200,562 | ~1.9000% | ~$22,811 | +650.7% |
| 2029 | ~$13,257,703 | ~$1,320,618 | ~1.8512% | ~$24,447 | +1369.8% |
| 2030 | ~$25,958,746 | ~$1,452,680 | ~1.8024% | ~$26,183 | +2777.9% |
In 2025, this property's market value of $902,000 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 | $902,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,390,537 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $240,156 | $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.