4616 MODENA BAY BN TX 78641
| Owner | KEERTHI PRAGNESH |
|---|---|
| Parcel ID | 0510580112 |
| Short ID | 947364 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 2,706 SF |
| Land SF | 7,456 SF |
| Acres | 0.171 |
| Year Built | 2021 |
| Legal | LOT 75 BLK J TRAVISSO PHS 3 SEC 8 |
| Neighborhood | T4500 |
| Land | $290,876 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $290,876 |
| Improvement | $298,656 |
|---|---|
| Total Improvement | $298,656 |
| Market | $589,532 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $589,532 |
| Value Limitation Adjustment (−) (homestead cap) | −$287,032 |
| Net Appraised (assessed) | $302,500 |
| Exemptions (−) (HS) | −$60,500 |
|---|---|
| Taxable Value | $242,000 |
Appreciation: Market value has risen +150.4% from $235,422 (2023) to $589,532 (2025), a CAGR of 58.2% 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 Land/Vacant parcel countywide rose +18.9%, so this parcel has outpaced the broader land/vacant market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.5114% in 2025 (+0.0586% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $6,078. Leander ISD is the largest single contributor, at 30.7% of the total 2025 levy.
Assessment Gap: Assessed value ($302,500) is $287,032 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 49% of market value ($290,876 land vs $298,656 improvements), about $39/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $589,532, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +58.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,850,032 by 2030, with an estimated annual tax burden around $10,565. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,706 SF | ✗ |
| 1ST | 1st Floor | 2,106 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 605 SF | ✓ |
| 2ND | 2nd Floor | 600 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 266 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
Market value changed by 1349% in 2022, 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILE Leander ISD | 1.3370% | 1.2746% | 1.1087% | 1.0869% | 1.0869% | +0.0000% | $1,766.21 | $1,766.21 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $1,241.41 | $1,241.41 | Paid |
| U7P Travis County MUD #20 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $1,240.25 | $1,240.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $909.54 | $909.54 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $307.62 | $307.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $285.62 | $285.62 | Paid |
| Combined Rate | 2.7857% | 2.6175% | 2.4249% | 2.4529% | 2.5114% | +0.0586% | $5,750.65 | $5,750.65 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $595,250 | $589,532 | +1.0% |
| Assessed Value | $332,750 | $302,500 | +10.0% |
| Land Value | $211,546 | $290,876 | -27.3% |
| Improvement Value | $383,704 | $298,656 | +28.5% |
| Taxable Value | $266,200 | $242,000 | +10.0% |
| Exemptions | HS | HS | |
| HS Cap Loss | -$262,500 | — | |
| Total Tax 2026 = estimate |
~$6,685
Estimated
|
~$5,751
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $679,897 | $595,250 | -84,647 (-12.4%) |
| Taxable Value | $266,200 | $266,200 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $595,250 | $211,546 | $383,704 | −$262,500 | $332,750 | $266,200 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $589,532 | $290,876 | $298,656 | −$287,032 | $302,500 | $242,000 | ~$5,751 | Partial |
| 2024 | $727,148 | — | — | −$452,148 | $275,000 | $— | $12,142 | Verified |
| 2023 | $235,422 | — | — | — | $275,000 ! | $— | $16,275 | Verified |
| 2022 | $— | — | — | — | — | $— | $6,162 | Verified |
| 2021 | $— | — | — | — | $16,250 | $— | $453 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +15.3% | +10.0% | 48.9% | Not available | Partial |
| 2025 | +7.1% | -45.1% | 51.3% | Not available | Partial |
| 2024 | -24.3% | -24.3% | ~100% | 2.2100% | Verified |
| 2023 | +208.9% ! | +208.9% | ~100% | 2.2400% | Verified |
| 2022 | +1348.8% ! | +1348.8% | ~100% | 2.6200% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3527.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.0% | +63.7% | +57.9% | +208.9% | 2024 | -18.9% | 2025 |
| Assessment Ratio | 55.9% | 65.5% | — | 116.8% | 2023 | 37.8% | 2024 |
| Effective Tax Rate (2025) | 0.9800% | 0.9800% | — | 0.9800% | 2025 | 0.9800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$5,751 | $11,389 | ~$9,315 | $16,275 | 2023 | $5,751 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$932,905 | ~$332,750 | ~2.4429% | ~$8,129 | +58.2% |
| 2027 | ~$1,476,277 | ~$366,025 | ~2.3743% | ~$8,691 | +150.4% |
| 2028 | ~$2,336,135 | ~$402,628 | ~2.3058% | ~$9,284 | +296.3% |
| 2029 | ~$3,696,818 | ~$442,890 | ~2.2372% | ~$9,908 | +527.1% |
| 2030 | ~$5,850,032 | ~$487,179 | ~2.1687% | ~$10,565 | +892.3% |
| 2026 | ~$921,115 | ~$332,750 | ~2.5114% | ~$8,357 | +56.2% |
| 2027 | ~$1,439,196 | ~$366,025 | ~2.5114% | ~$9,193 | +144.1% |
| 2028 | ~$2,248,673 | ~$402,628 | ~2.5114% | ~$10,112 | +281.4% |
| 2029 | ~$3,513,440 | ~$442,890 | ~2.5114% | ~$11,123 | +496.0% |
| 2030 | ~$5,489,577 | ~$487,179 | ~2.5114% | ~$12,235 | +831.2% |
| 2026 | ~$944,696 | ~$332,750 | ~2.4086% | ~$8,015 | +60.2% |
| 2027 | ~$1,513,829 | ~$366,025 | ~2.3058% | ~$8,440 | +156.8% |
| 2028 | ~$2,425,836 | ~$402,628 | ~2.2029% | ~$8,870 | +311.5% |
| 2029 | ~$3,887,282 | ~$442,890 | ~2.1001% | ~$9,301 | +559.4% |
| 2030 | ~$6,229,177 | ~$487,179 | ~1.9973% | ~$9,730 | +956.6% |
In 2025, this property's market value of $589,532 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 7× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $589,532 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $727,148 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $235,422 | $25,000 | $71,500 | $271,439 | ↑ Above median | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | — | $6,000 | $14,480 | $80,000 | — | base yr |
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.