4505 MODENA BAY BN TX 78641
| Owner | BOWEN DELLA |
|---|---|
| Parcel ID | 0510580416 |
| Short ID | 947420 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 2,052 SF |
| Land SF | 8,270 SF |
| Acres | 0.190 |
| Year Built | 2021 |
| Legal | LOT 15 BLK K TRAVISSO PHS 3 SEC 8 |
| Neighborhood | T4500 |
| Land | $292,958 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $292,958 |
| Improvement | $299,185 |
|---|---|
| Total Improvement | $299,185 |
| Market | $592,143 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $592,143 |
| Value Limitation Adjustment (−) (homestead cap) | −$35,120 |
| Net Appraised (assessed) | $557,023 |
| Exemptions (−) (HS,OV65) | −$254,625 |
|---|---|
| Taxable Value | $302,398 |
Appreciation: Market value has risen +154.9% from $232,339 (2023) to $592,143 (2025), a CAGR of 59.6% 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 5 taxing entities is 1.4246% in 2025 (+0.0586% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $4,308. Travis County MUD #20 is the largest single contributor, at 60.2% of the total 2025 levy.
Assessment Gap: Assessed value ($557,023) is $35,120 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 ($292,958 land vs $299,185 improvements), about $35/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $592,143, 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 +59.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,140,275 by 2030, with an estimated annual tax burden around $12,509. 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 | 2,052 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,052 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 500 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 267 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
Market value changed by 1330% 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 |
|---|---|---|---|---|---|---|---|---|---|
| U7P Travis County MUD #20 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $2,283.79 | $2,283.79 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,136.55 | $1,136.55 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $307.35 | $307.35 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $53.34 | $53.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $12.18 | $12.18 | Paid |
| Combined Rate | 1.4487% | 1.3429% | 1.3162% | 1.3660% | 1.4246% | +0.0586% | $3,793.21 | $3,793.21 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $563,910 | $592,143 | -4.8% |
| Assessed Value | $563,910 | $557,023 | +1.2% |
| Land Value | $213,060 | $292,958 | -27.3% |
| Improvement Value | $350,850 | $299,185 | +17.3% |
| Taxable Value | $305,859 | $302,398 | +1.1% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$4,357
Estimated
|
~$3,793
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $617,783 | $563,910 | -53,873 (-8.7%) |
| Taxable Value | $346,960 | $305,859 | -41,101 (-11.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $563,910 | $213,060 | $350,850 | — | $563,910 | $305,859 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $592,143 | $292,958 | $299,185 | −$35,120 | $557,023 | $302,398 | ~$3,793 | Partial |
| 2024 | $660,473 | — | — | −$385,473 | $275,000 | $— | $3,300 | Verified |
| 2023 | $232,339 | — | — | — | $275,000 ! | $— | $4,314 | Verified |
| 2022 | $— | — | — | — | — | $— | $5,975 | Verified |
| 2021 | $— | — | — | — | $16,250 | $— | $453 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.3% | +10.0% | 99.2% | Not available | Partial |
| 2025 | +16.9% | +10.0% | 94.1% | Not available | Partial |
| 2024 | -23.3% | -23.3% | ~100% | 0.6500% | Verified |
| 2023 | +184.3% ! | +184.3% | ~100% | 0.6500% | Verified |
| 2022 | +1329.8% ! | +1329.8% | ~100% | 2.5700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3544.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.8% | +56.4% | +61.2% | +184.3% | 2024 | -10.3% | 2025 |
| Assessment Ratio | 100.0% | 88.5% | — | 118.4% | 2023 | 41.6% | 2024 |
| Effective Tax Rate (2025) | 0.6400% | 0.6400% | — | 0.6400% | 2025 | 0.6400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$3,793 | $3,802 | ~$10,514 | $4,314 | 2023 | $3,300 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$945,320 | ~$612,725 | ~1.4185% | ~$8,692 | +59.6% |
| 2027 | ~$1,509,145 | ~$673,998 | ~1.4125% | ~$9,520 | +154.9% |
| 2028 | ~$2,409,258 | ~$741,398 | ~1.4065% | ~$10,427 | +306.9% |
| 2029 | ~$3,846,233 | ~$815,537 | ~1.4004% | ~$11,421 | +549.5% |
| 2030 | ~$6,140,275 | ~$897,091 | ~1.3944% | ~$12,509 | +937.0% |
| 2026 | ~$933,477 | ~$612,725 | ~1.4245% | ~$8,729 | +57.6% |
| 2027 | ~$1,471,569 | ~$673,998 | ~1.4245% | ~$9,601 | +148.5% |
| 2028 | ~$2,319,839 | ~$741,398 | ~1.4245% | ~$10,562 | +291.8% |
| 2029 | ~$3,657,084 | ~$815,537 | ~1.4245% | ~$11,618 | +517.6% |
| 2030 | ~$5,765,169 | ~$897,091 | ~1.4245% | ~$12,780 | +873.6% |
| 2026 | ~$957,163 | ~$612,725 | ~1.4155% | ~$8,673 | +61.6% |
| 2027 | ~$1,547,195 | ~$673,998 | ~1.4065% | ~$9,479 | +161.3% |
| 2028 | ~$2,500,946 | ~$741,398 | ~1.3974% | ~$10,360 | +322.4% |
| 2029 | ~$4,042,626 | ~$815,537 | ~1.3884% | ~$11,323 | +582.7% |
| 2030 | ~$6,534,657 | ~$897,091 | ~1.3793% | ~$12,374 | +1003.6% |
In 2025, this property's market value of $592,143 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 | $592,143 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $660,473 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $232,339 | $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.