501 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $206,209 and $319,132, with a best estimate of $291,889. That places the property above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$291,889
$245,302
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $206,209 and $319,132. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$56,563 for 337 sqft more living space and -$9,107 for being older. Net adjustment: +$47,456.
Adjusted -$130,749 for 779 sqft less living space. Net adjustment: -$130,749.
Adjusted +$69,990 for 417 sqft more living space and -$40,980 for being older. Net adjustment: +$29,010.
Adjusted +$72,172 for 430 sqft more living space and -$6,830 for being older. Net adjustment: +$65,342.
Adjusted -$504 for 3 sqft less living space. Net adjustment: -$504.
The Neighborhood
This home is valued 1.4% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is +1.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $5,101 across all districts. With a homestead exemption claimed, that drops to $3,566 — saving $1,535 per year. That's $297 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 |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $2,610 |
| Taylor | City | 0.5850% | $1,435 |
| Williamson County | County | 0.3694% | $906 |
| Williamson County FM/Rd | County | 0.0443% | $109 |
| Lower Brushy Creek WCID | Water | 0.0169% | $42 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $5,101 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $291,889 would pay approximately $1,822 per month (principal and interest only, excluding taxes and insurance).