2303 CHERRYWOOD DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $218,409 and $257,906, with a best estimate of $237,763. That places the property below 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
$237,763
$239,248
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 $218,409 and $257,906. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$504 for 3 sqft more living space and +$2,277 for being newer. Net adjustment: +$2,781.
Adjusted -$26,687 for 159 sqft less living space and +$2,277 for being newer. Net adjustment: -$24,410.
Adjusted +$35,918 for 214 sqft more living space and +$2,277 for being newer. Net adjustment: +$38,195.
Adjusted +$4,028 for 24 sqft more living space and +$2,277 for being newer. Net adjustment: +$6,305.
Adjusted +$11,581 for 69 sqft more living space and +$2,277 for being newer. Net adjustment: +$13,858.
The Neighborhood
This home is valued 1.1% below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is -1.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,975 across all districts. With a homestead exemption claimed, that drops to $3,442 — saving $1,533 per year. That's $287 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% | $2,545 |
| Taylor | City | 0.5850% | $1,400 |
| Williamson County | County | 0.3694% | $884 |
| Williamson County FM/Rd | County | 0.0443% | $106 |
| Lower Brushy Creek WCID | Water | 0.0169% | $41 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,975 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $237,763 would pay approximately $1,484 per month (principal and interest only, excluding taxes and insurance).