1218 MEADOW LARK DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $414,005 and $620,881, with a best estimate of $553,243. That places the property above the L334592F - OAKWOOD GLEN/CYPRESS MILL median of $456,416, in a neighborhood that declined 1.4% over the past year.
Estimated Value Range
$553,243
$432,344
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L334592F - OAKWOOD GLEN/CYPRESS MILL, this home's estimated market value is between $414,005 and $620,881. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$64,233 for 232 sqft more living space and -$29,550 for being older. Net adjustment: +$34,683.
Adjusted +$15,781 for 57 sqft more living space and -$35,459 for being older. Net adjustment: -$19,678.
Adjusted +$134,004 for 484 sqft more living space and -$29,550 for being older. Net adjustment: +$104,454.
Adjusted +$93,581 for 338 sqft more living space and -$5,910 for being older. Net adjustment: +$87,671.
Adjusted +$119,883 for 433 sqft more living space and -$23,640 for being older. Net adjustment: +$96,243.
The Neighborhood
This home is valued 5.3% below the L334592F - OAKWOOD GLEN/CYPRESS MILL median of $456,416. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.4% over the past year.
L334592F - OAKWOOD GLEN/CYPRESS MILL
typicalThis home is -5.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,565 across all districts. With a homestead exemption claimed, that drops to $6,946 — saving $1,619 per year. That's $579 per month a buyer should budget. The assessed value increased roughly in line with the neighborhood, so a tax protest is unlikely to yield significant savings.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $4,699 |
| Williamson County | County | 0.3694% | $1,597 |
| Cedar Park | City | 0.3600% | $1,556 |
| Austin Community College | special | 0.1034% | $447 |
| Williamson County FM/Rd | County | 0.0443% | $192 |
| Upper Brushy Creek WCID | Water | 0.0170% | $73 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,565 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $553,243 would pay approximately $3,453 per month (principal and interest only, excluding taxes and insurance).