MODENA BAY BN TX 78641
| Owner | VEJENDLA JAYAPRASAD & AJITHA |
|---|---|
| Parcel ID | 0510580227 |
| Short ID | 945850 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 4,028 SF |
| Land SF | 8,031 SF |
| Acres | 0.184 |
| Year Built | 2022 |
| Legal | LOT 10 BLK N TRAVISSO PHS 3 SEC 6 |
| Neighborhood | T4500 |
| Land | $365,433 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $365,433 |
| Improvement | $563,277 |
|---|---|
| Total Improvement | $563,277 |
| Market | $928,710 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $928,710 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $928,710 |
| Taxable Value | $928,710 |
|---|
Appreciation: Market value has fallen -4.5% from $972,048 (2024) to $928,710 (2025), a CAGR of -4.5% over 1 year. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 +28.8%, so this parcel has lagged 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 $23,324. 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 39% of market value ($365,433 land vs $563,277 improvements), about $46/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $928,710, 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 -4.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $739,337 by 2030, with an estimated annual tax burden around $16,034. 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 | 4,028 SF | ✗ |
| 1ST | 1st Floor | 2,501 SF | ✓ |
| 2ND | 2nd Floor | 1,527 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 530 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 457 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 252 | BEDROOMS | 4 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
| 522 | FIREPLACE | 1 SF | ✓ |
Market value changed by 323% 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% | $10,094.15 | $10,094.15 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $3,875.34 | $3,875.34 | Paid |
| U7P Travis County MUD #20 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $3,807.71 | $3,807.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,490.51 | $3,490.51 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,096.09 | $1,096.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $960.29 | $960.29 | Paid |
| Combined Rate | 2.7857% | 2.6175% | 2.4249% | 2.4529% | 2.5114% | +0.0586% | $23,324.09 | $23,324.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $889,582 | $928,710 | -4.2% |
| Assessed Value | $889,582 | $928,710 | -4.2% |
| Land Value | $372,078 | $365,433 | +1.8% |
| Improvement Value | $517,504 | $563,277 | -8.1% |
| Taxable Value | $889,582 | $928,710 | -4.2% |
| Total Tax 2026 = estimate |
~$22,341
Estimated
|
~$23,324
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,016,085 | $889,582 | -126,503 (-12.5%) |
| Taxable Value | $1,016,085 | $889,582 | -126,503 (-12.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $889,582 | $372,078 | $517,504 | — | $889,582 | $889,582 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $928,710 | $365,433 | $563,277 | — | $928,710 | $928,710 | ~$23,324 | Partial |
| 2024 | $972,048 | — | — | −$628,298 | $343,750 | $— | $25,968 | Verified |
| 2023 | $— | — | — | — | $275,000 | $— | $23,571 | Verified |
| 2022 | $— | — | — | — | $206,250 | $— | $5,399 | 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 | -12.3% | -12.3% | ~100% | Not available | Partial |
| 2024 | +8.9% | +8.9% | ~100% | 2.4500% | Verified |
| 2023 | +371.3% ! | +371.3% | ~100% | 2.4200% | Verified |
| 2022 | +323.1% ! | +323.1% | ~100% | 2.6200% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1805.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.2% | -4.3% | -3.6% | -4.2% | 2026 | -4.5% | 2025 |
| Assessment Ratio | 100.0% | 78.5% | — | 100.0% | 2025 | 35.4% | 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 |
$23,324 | $24,646 | ~$18,765 | $25,968 | 2024 | $23,324 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$887,304 | ~$887,304 | ~2.4429% | ~$21,676 | -4.5% |
| 2027 | ~$847,744 | ~$847,744 | ~2.3743% | ~$20,128 | -8.7% |
| 2028 | ~$809,948 | ~$809,948 | ~2.3058% | ~$18,676 | -12.8% |
| 2029 | ~$773,837 | ~$773,837 | ~2.2372% | ~$17,312 | -16.7% |
| 2030 | ~$739,337 | ~$739,337 | ~2.1687% | ~$16,034 | -20.4% |
| 2026 | ~$882,274 | ~$882,274 | ~2.5114% | ~$22,158 | -5.0% |
| 2027 | ~$838,161 | ~$838,161 | ~2.5114% | ~$21,050 | -9.7% |
| 2028 | ~$796,253 | ~$796,253 | ~2.5114% | ~$19,997 | -14.3% |
| 2029 | ~$756,440 | ~$756,440 | ~2.5114% | ~$18,998 | -18.5% |
| 2030 | ~$718,618 | ~$718,618 | ~2.5114% | ~$18,048 | -22.6% |
| 2026 | ~$905,878 | ~$905,878 | ~2.4086% | ~$21,819 | -2.5% |
| 2027 | ~$883,608 | ~$883,608 | ~2.3058% | ~$20,374 | -4.9% |
| 2028 | ~$861,885 | ~$861,885 | ~2.2029% | ~$18,987 | -7.2% |
| 2029 | ~$840,696 | ~$840,696 | ~2.1001% | ~$17,656 | -9.5% |
| 2030 | ~$820,029 | ~$820,029 | ~1.9973% | ~$16,378 | -11.7% |
In 2025, this property's market value of $928,710 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 11× 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 | $928,710 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $972,048 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +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.