4508 MODENA BAY BN TX 78641
| Owner | DESAI KALPESH & JOLLY |
|---|---|
| Parcel ID | 0510580125 |
| Short ID | 947377 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 2,201 SF |
| Land SF | 7,571 SF |
| Acres | 0.174 |
| Year Built | 2021 |
| Legal | LOT 62 BLK J TRAVISSO PHS 3 SEC 8 |
| Neighborhood | T4500 |
| Land | $291,170 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $291,170 |
| Improvement | $261,234 |
|---|---|
| Total Improvement | $261,234 |
| Market | $552,404 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $552,404 |
| Value Limitation Adjustment (−) (homestead cap) | −$20,181 |
| Net Appraised (assessed) | $532,223 |
| Exemptions (−) (HS) | −$106,445 |
|---|---|
| Taxable Value | $425,778 |
Appreciation: Market value has risen +133.7% from $236,350 (2023) to $552,404 (2025), a CAGR of 52.9% 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 $10,693. Leander ISD is the largest single contributor, at 37.8% of the total 2025 levy.
Assessment Gap: Assessed value ($532,223) is $20,181 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 53% of market value ($291,170 land vs $261,234 improvements), about $38/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $552,404, 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 +52.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,613,280 by 2030, with an estimated annual tax burden around $18,589. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,201 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,201 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 460 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 253 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 1 SF | ✓ |
Market value changed by 1354% 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% | $4,263.07 | $4,263.07 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $2,198.66 | $2,198.66 | Paid |
| U7P Travis County MUD #20 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $2,182.11 | $2,182.11 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,600.27 | $1,600.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $544.82 | $544.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $502.52 | $502.52 | Paid |
| Combined Rate | 2.7857% | 2.6175% | 2.4249% | 2.4529% | 2.5114% | +0.0586% | $11,291.45 | $11,291.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $546,870 | $552,404 | -1.0% |
| Assessed Value | $546,870 | $532,223 | +2.8% |
| Land Value | $211,760 | $291,170 | -27.3% |
| Improvement Value | $335,110 | $261,234 | +28.3% |
| Taxable Value | $437,496 | $425,778 | +2.8% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$10,987
Estimated
|
~$11,291
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $624,637 | $546,870 | -77,767 (-12.4%) |
| Taxable Value | $468,356 | $437,496 | -30,860 (-6.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $546,870 | $211,760 | $335,110 | — | $546,870 | $437,496 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $552,404 | $291,170 | $261,234 | −$20,181 | $532,223 | $425,778 | ~$11,291 | Partial |
| 2024 | $668,479 | — | — | −$393,479 | $275,000 | $— | $10,317 | Verified |
| 2023 | $236,350 | — | — | — | $275,000 ! | $— | $14,525 | Verified |
| 2022 | $— | — | — | — | $220,000 | $— | $6,187 | Verified |
| 2021 | $— | — | — | — | $16,250 | $— | $453 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.1% | +10.0% | 93.7% | Not available | Partial |
| 2025 | +14.2% | +10.0% | 96.4% | Not available | Partial |
| 2024 | -27.7% | -27.7% | ~100% | 2.1300% | Verified |
| 2023 | +183.3% ! | +183.3% | ~100% | 2.1700% | Verified |
| 2022 | +1354.5% ! | +1354.5% | ~100% | 2.6200% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3299.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.0% | +54.8% | +53.2% | +182.8% | 2024 | -17.4% | 2025 |
| Assessment Ratio | 100.0% | 88.5% | — | 116.4% | 2023 | 41.1% | 2024 |
| Effective Tax Rate (2025) | 2.0400% | 2.0400% | — | 2.0400% | 2025 | 2.0400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$11,291 | $12,045 | ~$16,390 | $14,525 | 2023 | $10,317 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$844,515 | ~$585,445 | ~2.4429% | ~$14,302 | +52.9% |
| 2027 | ~$1,291,094 | ~$643,990 | ~2.3743% | ~$15,290 | +133.7% |
| 2028 | ~$1,973,825 | ~$708,389 | ~2.3058% | ~$16,334 | +257.3% |
| 2029 | ~$3,017,583 | ~$779,228 | ~2.2372% | ~$17,433 | +446.3% |
| 2030 | ~$4,613,280 | ~$857,150 | ~2.1687% | ~$18,589 | +735.1% |
| 2026 | ~$833,467 | ~$585,445 | ~2.5114% | ~$14,703 | +50.9% |
| 2027 | ~$1,257,535 | ~$643,990 | ~2.5114% | ~$16,173 | +127.6% |
| 2028 | ~$1,897,368 | ~$708,389 | ~2.5114% | ~$17,791 | +243.5% |
| 2029 | ~$2,862,749 | ~$779,228 | ~2.5114% | ~$19,570 | +418.2% |
| 2030 | ~$4,319,315 | ~$857,150 | ~2.5114% | ~$21,527 | +681.9% |
| 2026 | ~$855,563 | ~$585,445 | ~2.4086% | ~$14,101 | +54.9% |
| 2027 | ~$1,325,096 | ~$643,990 | ~2.3058% | ~$14,849 | +139.9% |
| 2028 | ~$2,052,308 | ~$708,389 | ~2.2029% | ~$15,605 | +271.5% |
| 2029 | ~$3,178,615 | ~$779,228 | ~2.1001% | ~$16,365 | +475.4% |
| 2030 | ~$4,923,038 | ~$857,150 | ~1.9973% | ~$17,120 | +791.2% |
In 2025, this property's market value of $552,404 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 6× 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 | $552,404 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $668,479 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $236,350 | $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.