224 NEW HOPE RD E, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $-95,868 and $418,755, with a best estimate of $217,000. That places the property below the L010D82C - Leander Williamson Abstracts le 20 Acres median of $755,063, in a neighborhood that declined 25.0% over the past year.
Estimated Value Range
$217,000
$231,539
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $-95,868 and $418,755. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$89,146 for 273 sqft more living space and +$48,944 for being newer. Net adjustment: +$138,090.
Adjusted -$237,722 for 728 sqft less living space and -$81,573 for being older. Net adjustment: -$319,295.
Adjusted -$28,409 for 87 sqft less living space and -$54,382 for being older. Net adjustment: -$82,791.
Adjusted -$132,249 for 405 sqft less living space and -$59,820 for being older. Net adjustment: -$192,069.
Adjusted -$29,715 for 91 sqft less living space and -$87,011 for being older. Net adjustment: -$116,726.
The Neighborhood
This home is valued 69.3% below the L010D82C - Leander Williamson Abstracts le 20 Acres median of $755,063. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 25.0% over the past year.
L010D82C - Leander Williamson Abstracts le 20 Acres
outlier lowThis home is -69.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,587 across all districts. With a homestead exemption claimed, that drops to $3,005 — saving $1,582 per year. That's $250 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% | $2,517 |
| Williamson County | County | 0.3694% | $855 |
| Cedar Park | City | 0.3600% | $834 |
| Austin Community College | special | 0.1034% | $239 |
| Williamson County FM/Rd | County | 0.0443% | $103 |
| Upper Brushy Creek WCID | Water | 0.0170% | $39 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $4,587 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $217,000 would pay approximately $1,355 per month (principal and interest only, excluding taxes and insurance).