506 MONARCH AVE, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $247,780 and $380,712, with a best estimate of $301,872. That places the property below the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775, in a neighborhood that declined 6.2% over the past year.
Estimated Value Range
$301,872
$426,397
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L321D72G - Cedar Park Ranchettes/Forest Park, this home's estimated market value is between $247,780 and $380,712. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$133,075 for 471 sqft less living space and -$12,864 for being older. Net adjustment: -$145,939.
Adjusted +$40,685 for 144 sqft more living space and +$16,540 for being newer. Net adjustment: +$57,225.
Adjusted -$49,162 for 174 sqft less living space and +$16,540 for being newer. Net adjustment: -$32,622.
Adjusted +$15,540 for 55 sqft more living space and -$38,593 for being older. Net adjustment: -$23,053.
Adjusted +$15,540 for 55 sqft more living space and -$38,593 for being older. Net adjustment: -$23,053.
The Neighborhood
This home is valued 14.0% below the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 6.2% over the past year.
L321D72G - Cedar Park Ranchettes/Forest Park
typicalThis home is -14.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,447 across all districts. With a homestead exemption claimed, that drops to $6,829 — saving $1,618 per year. That's $569 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% | $4,635 |
| Williamson County | County | 0.3694% | $1,575 |
| Cedar Park | City | 0.3600% | $1,535 |
| Austin Community College | special | 0.1034% | $441 |
| Williamson County FM/Rd | County | 0.0443% | $189 |
| Upper Brushy Creek WCID | Water | 0.0170% | $72 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,447 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $301,872 would pay approximately $1,884 per month (principal and interest only, excluding taxes and insurance).