1505 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $406,582 and $697,105, with a best estimate of $511,332. That places the property above the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$511,332
$454,624
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $406,582 and $697,105. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$12,630 for 55 sqft less living space. Net adjustment: -$12,630.
Adjusted +$149,497 for 651 sqft more living space and +$1,862 for being newer. Net adjustment: +$151,359.
Adjusted -$5,511 for 24 sqft less living space. Net adjustment: -$5,511.
Adjusted -$93,694 for 408 sqft less living space and +$5,585 for being newer. Net adjustment: -$88,109.
Adjusted +$78,079 for 340 sqft more living space and -$3,723 for being older. Net adjustment: +$74,356.
The Neighborhood
This home is valued 2.7% below the L369599E - Emarald Oaks median of $467,144. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 13.6% over the past year.
L369599E - Emarald Oaks
typicalThis home is -2.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,006 across all districts. With a homestead exemption claimed, that drops to $7,383 — saving $1,623 per year. That's $615 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% | $4,941 |
| Williamson County | County | 0.3694% | $1,680 |
| Cedar Park | City | 0.3600% | $1,637 |
| Austin Community College | special | 0.1034% | $470 |
| Williamson County FM/Rd | County | 0.0443% | $202 |
| Upper Brushy Creek WCID | Water | 0.0170% | $77 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,006 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $511,332 would pay approximately $3,192 per month (principal and interest only, excluding taxes and insurance).