4512 MODENA BAY BN TX 78641
| Owner | FLORES CARLOS GERMAN DERAS & |
|---|---|
| Parcel ID | 0510580124 |
| Short ID | 947376 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 1,915 SF |
| Land SF | 7,411 SF |
| Acres | 0.170 |
| Year Built | 2021 |
| Legal | LOT 63 BLK J TRAVISSO PHS 3 SEC 8 |
| Neighborhood | T4500 |
| Land | $290,761 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $290,761 |
| Improvement | $364,856 |
|---|---|
| Total Improvement | $364,856 |
| Market | $655,617 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $655,617 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $655,617 |
| Taxable Value | $655,617 |
|---|
Appreciation: Market value has risen +623.4% from $90,628 (2023) to $655,617 (2025), a CAGR of 169.0% 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 $16,465. Leander ISD is the largest single contributor, at 43.3% of the total 2025 levy.
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 44% of market value ($290,761 land vs $364,856 improvements), about $39/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $655,617, 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 +169.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $92,282,581 by 2030, with an estimated annual tax burden around $22,898. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,915 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,915 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 470 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 268 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
Market value changed by 458% 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% | $7,125.90 | $7,125.90 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $2,735.77 | $2,735.77 | Paid |
| U7P Travis County MUD #20 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $2,688.03 | $2,688.03 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,464.10 | $2,464.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $773.78 | $773.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $677.91 | $677.91 | Paid |
| Combined Rate | 2.7857% | 2.6175% | 2.4249% | 2.4529% | 2.5114% | +0.0586% | $16,465.49 | $16,465.49 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $554,241 | $655,617 | -15.5% |
| Assessed Value | $554,241 | $655,617 | -15.5% |
| Land Value | $211,462 | $290,761 | -27.3% |
| Improvement Value | $342,779 | $364,856 | -6.1% |
| Taxable Value | $554,241 | $655,617 | -15.5% |
| Total Tax 2026 = estimate |
~$13,919
Estimated
|
~$16,465
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $554,241 | $554,241 | +0 (+0.0%) |
| Taxable Value | $554,241 | $554,241 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $554,241 | $211,462 | $342,779 | — | $554,241 | $554,241 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $655,617 | $290,761 | $364,856 | — | $655,617 | $655,617 | ~$16,465 | Partial |
| 2024 | $467,393 | — | — | −$192,393 | $275,000 | $— | $13,726 | Verified |
| 2023 | $90,628 | — | — | — | $220,000 ! | $— | $9,067 | Verified |
| 2022 | $— | — | — | — | $68,750 | $— | $2,372 | Verified |
| 2021 | $— | — | — | — | $16,250 | $— | $453 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -15.5% | -15.5% | ~100% | Not available | Partial |
| 2025 | +17.2% | +17.2% | ~100% | Not available | Partial |
| 2024 | +49.7% | +49.7% | ~100% | 2.4500% | Verified |
| 2023 | +312.6% ! | +312.6% | ~100% | 2.4200% | Verified |
| 2022 | +457.7% ! | +457.7% | ~100% | 2.6200% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3934.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.5% | +146.8% | +178.8% | +415.7% | 2024 | -15.5% | 2026 |
| Assessment Ratio | 100.0% | 125.4% | — | 242.8% | 2023 | 58.8% | 2024 |
| Effective Tax Rate (2025) | 2.5100% | 2.5100% | — | 2.5100% | 2025 | 2.5100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$16,465 | $13,086 | ~$20,190 | $16,465 | 2025 | $9,067 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,763,373 | ~$721,179 | ~2.4429% | ~$17,618 | +169.0% |
| 2027 | ~$4,742,835 | ~$793,297 | ~2.3743% | ~$18,836 | +623.4% |
| 2028 | ~$12,756,511 | ~$872,626 | ~2.3058% | ~$20,121 | +1845.7% |
| 2029 | ~$34,310,404 | ~$959,889 | ~2.2372% | ~$21,475 | +5133.3% |
| 2030 | ~$92,282,581 | ~$1,055,878 | ~2.1687% | ~$22,898 | +13975.7% |
| 2026 | ~$1,750,260 | ~$721,179 | ~2.5114% | ~$18,112 | +167.0% |
| 2027 | ~$4,672,562 | ~$793,297 | ~2.5114% | ~$19,923 | +612.7% |
| 2028 | ~$12,474,052 | ~$872,626 | ~2.5114% | ~$21,916 | +1802.6% |
| 2029 | ~$33,301,209 | ~$959,889 | ~2.5114% | ~$24,107 | +4979.4% |
| 2030 | ~$88,902,188 | ~$1,055,878 | ~2.5114% | ~$26,518 | +13460.1% |
| 2026 | ~$1,776,485 | ~$721,179 | ~2.4086% | ~$17,370 | +171.0% |
| 2027 | ~$4,813,632 | ~$793,297 | ~2.3058% | ~$18,292 | +634.2% |
| 2028 | ~$13,043,203 | ~$872,626 | ~2.2029% | ~$19,223 | +1889.5% |
| 2029 | ~$35,342,364 | ~$959,889 | ~2.1001% | ~$20,159 | +5290.7% |
| 2030 | ~$95,765,028 | ~$1,055,878 | ~1.9973% | ~$21,089 | +14506.9% |
In 2025, this property's market value of $655,617 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 8× 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 | $655,617 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $467,393 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $90,628 | $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.