48 EAST AVE SFU-R 78701
| Owner | 48 EAST COMMON AREA LLC |
|---|---|
| Parcel ID | 0203033051 |
| Short ID | 958759 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 170 SF |
| Acres | 0.004 |
| Year Built | — |
| Legal | 48 EAST CONDOMINIUMS UNT SFU-R UNIT 0.9500%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $84,770 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $84,770 |
| Improvement | $51,617 |
|---|---|
| Total Improvement | $51,617 |
| Market | $136,387 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $136,387 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $136,387 |
| Taxable Value | $136,387 |
|---|
Appreciation: Market value has fallen -62.4% from $362,770 (2023) to $136,387 (2025), a CAGR of -38.7% over 2 years. Growth has been relatively flat for this asset class. 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 lagged 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 $2,791. 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 62% of market value ($84,770 land vs $51,617 improvements), about $499/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $136,387, 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 -38.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,820 by 2030, with an estimated annual tax burden around $223. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 20,000 SF | ✓ |
Market value changed by 1450% 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% | $1,261.85 | $1,261.85 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $714.69 | $714.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $512.60 | $512.60 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $160.97 | $160.97 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $141.02 | $141.02 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,791.13 | $2,791.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $202,810 | $136,387 | +48.7% |
| Assessed Value | $163,664 | $136,387 | +20.0% |
| Land Value | $148,348 | $84,770 | +75.0% |
| Improvement Value | $54,462 | $51,617 | +5.5% |
| Taxable Value | $163,664 | $136,387 | +20.0% |
| HS Cap Loss | -$39,146 | — | |
| Total Tax 2026 = estimate |
~$3,349
Estimated
|
~$2,791
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $202,810 | $202,810 | +0 (+0.0%) |
| Taxable Value | $163,664 | $163,664 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $202,810 | $148,348 | $54,462 | −$39,146 | $163,664 | $163,664 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $136,387 | $84,770 | $51,617 | — | $136,387 | $136,387 | ~$2,791 | Partial |
| 2024 | $143,080 | — | — | −$58,310 | $84,770 | $— | $2,693 | Verified |
| 2023 | $362,770 | — | — | −$278,000 | $84,770 | $— | $2,589 | Verified |
| 2022 | $— | — | — | — | $84,770 | $— | $7,164 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +48.7% | +20.0% | 80.7% | Not available | Partial |
| 2025 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2024 | -97.6% ! | -97.6% | ~100% | 1.9800% | Verified |
| 2023 | +1450.4% ! | +1450.4% | ~100% | 0.0500% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -62.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +48.7% | -5.5% | -42.7% | +48.7% | 2026 | -60.6% | 2024 |
| Assessment Ratio | 80.7% | 65.8% | — | 100.0% | 2025 | 23.4% | 2023 |
| 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 |
$2,791 | $2,691 | ~$781 | $2,791 | 2025 | $2,589 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$83,626 | ~$83,626 | ~2.0139% | ~$1,684 | -38.7% |
| 2027 | ~$51,276 | ~$51,276 | ~1.9814% | ~$1,016 | -62.4% |
| 2028 | ~$31,440 | ~$31,440 | ~1.9488% | ~$613 | -76.9% |
| 2029 | ~$19,278 | ~$19,278 | ~1.9163% | ~$369 | -85.9% |
| 2030 | ~$11,820 | ~$11,820 | ~1.8837% | ~$223 | -91.3% |
| 2026 | ~$129,568 | ~$129,568 | ~2.0465% | ~$2,652 | -5.0% |
| 2027 | ~$123,089 | ~$123,089 | ~2.0465% | ~$2,519 | -9.8% |
| 2028 | ~$116,935 | ~$116,935 | ~2.0465% | ~$2,393 | -14.3% |
| 2029 | ~$111,088 | ~$111,088 | ~2.0465% | ~$2,273 | -18.5% |
| 2030 | ~$105,534 | ~$105,534 | ~2.0465% | ~$2,160 | -22.6% |
| 2026 | ~$86,354 | ~$86,354 | ~1.9977% | ~$1,725 | -36.7% |
| 2027 | ~$54,676 | ~$54,676 | ~1.9488% | ~$1,066 | -59.9% |
| 2028 | ~$34,618 | ~$34,618 | ~1.9000% | ~$658 | -74.6% |
| 2029 | ~$21,919 | ~$21,919 | ~1.8512% | ~$406 | -83.9% |
| 2030 | ~$13,878 | ~$13,878 | ~1.8024% | ~$250 | -89.8% |
In 2025, this property's market value of $136,387 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -90% 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 | $136,387 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $143,080 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $362,770 | $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.