MODENA BAY BN TX 78641
| Owner | SURAPANENI SATYANARAYANA & SOWMYA LAKSHMI GORREPATI |
|---|---|
| Parcel ID | 0510580226 |
| Short ID | 945849 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 3,546 SF |
| Land SF | 8,148 SF |
| Acres | 0.187 |
| Year Built | 2021 |
| Legal | LOT 9 BLK N TRAVISSO PHS 3 SEC 6 |
| Neighborhood | T4500 |
| Land | $365,808 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $365,808 |
| Improvement | $505,519 |
|---|---|
| Total Improvement | $505,519 |
| Market | $871,327 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $871,327 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $871,327 |
| Taxable Value | $871,327 |
|---|
Appreciation: Market value has risen +103.2% from $428,719 (2023) to $871,327 (2025), a CAGR of 42.6% 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 $21,883. Leander ISD is the largest single contributor, at 40.9% 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 42% of market value ($365,808 land vs $505,519 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $871,327, 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 +42.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,131,003 by 2030, with an estimated annual tax burden around $30,432. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,546 SF | ✗ |
| 1ST | 1st Floor | 2,553 SF | ✓ |
| 2ND | 2nd Floor | 993 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 580 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 358 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 252 | BEDROOMS | 4 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
| 522 | FIREPLACE | 1 SF | ✓ |
Market value changed by 779% 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% | $7,948.79 | $7,948.79 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $3,599.53 | $3,599.53 | Paid |
| U7P Travis County MUD #20 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $3,572.44 | $3,572.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,619.87 | $2,619.87 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $891.94 | $891.94 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $822.69 | $822.69 | Paid |
| Combined Rate | 2.7857% | 2.6175% | 2.4249% | 2.4529% | 2.5114% | +0.0586% | $19,455.26 | $19,455.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $834,716 | $871,327 | -4.2% |
| Assessed Value | $834,716 | $871,327 | -4.2% |
| Land Value | $372,459 | $365,808 | +1.8% |
| Improvement Value | $462,257 | $505,519 | -8.6% |
| Taxable Value | $667,773 | $871,327 | -23.4% |
| Exemptions | HS | H | |
| Total Tax 2026 = estimate |
~$16,771
Estimated
|
~$19,455
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $953,416 | $834,716 | -118,700 (-12.4%) |
| Taxable Value | $762,733 | $667,773 | -94,960 (-12.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $834,716 | $372,459 | $462,257 | — | $834,716 | $667,773 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $871,327 | $365,808 | $505,519 | — | $871,327 | $871,327 | ~$19,455 | Partial |
| 2024 | $916,778 | — | — | −$573,028 | $343,750 | $— | $23,314 | Verified |
| 2023 | $428,719 | — | — | −$153,719 | $275,000 | $— | $21,441 | Verified |
| 2022 | $— | — | — | — | $275,000 | $— | $11,222 | Verified |
| 2021 | $— | — | — | — | $48,750 | $— | $1,358 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.4% | +9.4% | ~100% | Not available | Partial |
| 2025 | -11.9% | -11.9% | ~100% | Not available | Partial |
| 2024 | +7.9% | +7.9% | ~100% | 2.3600% | Verified |
| 2023 | +113.8% ! | +113.8% | ~100% | 2.3400% | Verified |
| 2022 | +779.4% ! | +779.4% | ~100% | 2.6200% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1687.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.2% | +34.9% | +43.8% | +113.8% | 2024 | -5.0% | 2025 |
| Assessment Ratio | 100.0% | 75.4% | — | 100.0% | 2025 | 37.5% | 2024 |
| Effective Tax Rate (2025) | 2.2300% | 2.2300% | — | 2.2300% | 2025 | 2.2300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,455 | $21,403 | ~$26,832 | $23,314 | 2024 | $19,455 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,242,182 | ~$958,460 | ~2.4429% | ~$23,414 | +42.6% |
| 2027 | ~$1,770,882 | ~$1,054,306 | ~2.3743% | ~$25,033 | +103.2% |
| 2028 | ~$2,524,607 | ~$1,159,736 | ~2.3058% | ~$26,741 | +189.7% |
| 2029 | ~$3,599,134 | ~$1,275,710 | ~2.2372% | ~$28,540 | +313.1% |
| 2030 | ~$5,131,003 | ~$1,403,281 | ~2.1687% | ~$30,432 | +488.9% |
| 2026 | ~$1,224,756 | ~$958,460 | ~2.5114% | ~$24,071 | +40.6% |
| 2027 | ~$1,721,543 | ~$1,054,306 | ~2.5114% | ~$26,478 | +97.6% |
| 2028 | ~$2,419,838 | ~$1,159,736 | ~2.5114% | ~$29,126 | +177.7% |
| 2029 | ~$3,401,376 | ~$1,275,710 | ~2.5114% | ~$32,039 | +290.4% |
| 2030 | ~$4,781,047 | ~$1,403,281 | ~2.5114% | ~$35,243 | +448.7% |
| 2026 | ~$1,259,609 | ~$958,460 | ~2.4086% | ~$23,086 | +44.6% |
| 2027 | ~$1,820,918 | ~$1,054,306 | ~2.3058% | ~$24,310 | +109.0% |
| 2028 | ~$2,632,358 | ~$1,159,736 | ~2.2029% | ~$25,548 | +202.1% |
| 2029 | ~$3,805,393 | ~$1,275,710 | ~2.1001% | ~$26,791 | +336.7% |
| 2030 | ~$5,501,158 | ~$1,403,281 | ~1.9973% | ~$28,027 | +531.4% |
In 2025, this property's market value of $871,327 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 10× 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 | $871,327 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $916,778 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $428,719 | $25,000 | $71,500 | $271,439 | ↑ Top 25% | +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.