4625 MODENA BAY BN TX 78641
| Owner | PASHAM RAJASHEKAR REDDY & |
|---|---|
| Parcel ID | 0510580426 |
| Short ID | 947430 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 2,877 SF |
| Land SF | 7,801 SF |
| Acres | 0.179 |
| Year Built | 2021 |
| Legal | LOT 5 BLK K TRAVISSO PHS 3 SEC 8 |
| Neighborhood | T4500 |
| Land | $364,698 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $364,698 |
| Improvement | $387,271 |
|---|---|
| Total Improvement | $387,271 |
| Market | $751,969 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $751,969 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $751,969 |
| Exemptions (−) (HS) | −$150,394 |
|---|---|
| Taxable Value | $601,575 |
Appreciation: Market value has risen +221.0% from $234,294 (2023) to $751,969 (2025), a CAGR of 79.2% 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 $15,108. Leander ISD is the largest single contributor, at 40.1% 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 48% of market value ($364,698 land vs $387,271 improvements), about $47/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $751,969, 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 +79.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,877,041 by 2030, with an estimated annual tax burden around $26,264. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,877 SF | ✗ |
| 1ST | 1st Floor | 2,085 SF | ✓ |
| 2ND | 2nd Floor | 792 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 499 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 229 SF | ✗ |
| 252 | BEDROOMS | 4 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
Market value changed by 1342% 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% | $6,651.49 | $6,651.49 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $3,106.45 | $3,106.45 | Paid |
| U7P Travis County MUD #20 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $3,083.07 | $3,083.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,260.99 | $2,260.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $769.76 | $769.76 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $710.00 | $710.00 | Paid |
| Combined Rate | 2.7857% | 2.6175% | 2.4249% | 2.4529% | 2.5114% | +0.0586% | $16,581.76 | $16,581.76 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $656,544 | $751,969 | -12.7% |
| Assessed Value | $656,544 | $751,969 | -12.7% |
| Land Value | $265,235 | $364,698 | -27.3% |
| Improvement Value | $391,309 | $387,271 | +1.0% |
| Taxable Value | $525,235 | $601,575 | -12.7% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$13,191
Estimated
|
~$16,582
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $725,674 | $656,544 | -69,130 (-9.5%) |
| Taxable Value | $580,539 | $525,235 | -55,304 (-9.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $656,544 | $265,235 | $391,309 | — | $656,544 | $525,235 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $751,969 | $364,698 | $387,271 | — | $751,969 | $601,575 | ~$16,582 | Partial |
| 2024 | $562,798 | — | — | −$219,048 | $343,750 | $— | $17,151 | Verified |
| 2023 | $234,294 | — | — | −$14,294 | $220,000 | $— | $9,932 | Verified |
| 2022 | $— | — | — | — | — | $— | $6,133 | Verified |
| 2021 | $— | — | — | — | $16,250 | $— | $453 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.5% | -3.5% | ~100% | Not available | Partial |
| 2025 | -2.8% | -2.8% | ~100% | Not available | Partial |
| 2024 | +71.8% | +71.8% | ~100% | 2.2200% | Verified |
| 2023 | +92.2% ! | +92.2% | ~100% | 2.2100% | Verified |
| 2022 | +1341.8% ! | +1341.8% | ~100% | 2.6200% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4527.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.7% | +53.7% | +84.4% | +140.2% | 2024 | -12.7% | 2026 |
| Assessment Ratio | 100.0% | 88.8% | — | 100.0% | 2025 | 61.1% | 2024 |
| Effective Tax Rate (2025) | 2.2100% | 2.2100% | — | 2.2100% | 2025 | 2.2100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$16,582 | $14,555 | ~$23,157 | $17,151 | 2024 | $9,932 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,347,160 | ~$827,166 | ~2.4429% | ~$20,207 | +79.2% |
| 2027 | ~$2,413,452 | ~$909,882 | ~2.3743% | ~$21,604 | +221.0% |
| 2028 | ~$4,323,725 | ~$1,000,871 | ~2.3058% | ~$23,078 | +475.0% |
| 2029 | ~$7,746,000 | ~$1,100,958 | ~2.2372% | ~$24,631 | +930.1% |
| 2030 | ~$13,877,041 | ~$1,211,054 | ~2.1687% | ~$26,264 | +1745.4% |
| 2026 | ~$1,332,121 | ~$827,166 | ~2.5114% | ~$20,774 | +77.2% |
| 2027 | ~$2,359,867 | ~$909,882 | ~2.5114% | ~$22,851 | +213.8% |
| 2028 | ~$4,180,529 | ~$1,000,871 | ~2.5114% | ~$25,136 | +455.9% |
| 2029 | ~$7,405,851 | ~$1,100,958 | ~2.5114% | ~$27,650 | +884.9% |
| 2030 | ~$13,119,544 | ~$1,211,054 | ~2.5114% | ~$30,415 | +1644.7% |
| 2026 | ~$1,362,200 | ~$827,166 | ~2.4086% | ~$19,923 | +81.2% |
| 2027 | ~$2,467,639 | ~$909,882 | ~2.3058% | ~$20,980 | +228.2% |
| 2028 | ~$4,470,155 | ~$1,000,871 | ~2.2029% | ~$22,049 | +494.5% |
| 2029 | ~$8,097,733 | ~$1,100,958 | ~2.1001% | ~$23,121 | +976.9% |
| 2030 | ~$14,669,130 | ~$1,211,054 | ~1.9973% | ~$24,188 | +1850.8% |
In 2025, this property's market value of $751,969 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 9× 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 | $751,969 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $562,798 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $234,294 | $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.