1512 OAK TREE LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $543,054 and $701,601, with a best estimate of $692,264. That places the property below the L305606D - Red Oaks N. of Little Elm median of $709,809, in a neighborhood that appreciated 0.8% over the past year.
Estimated Value Range
$692,264
$726,703
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L305606D - Red Oaks N. of Little Elm, this home's estimated market value is between $543,054 and $701,601. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$32,730 for 95 sqft less living space. Net adjustment: -$32,730.
Adjusted -$154,348 for 448 sqft less living space. Net adjustment: -$154,348.
Adjusted +$16,882 for 49 sqft more living space. Net adjustment: +$16,882.
Adjusted +$1,034 for 3 sqft more living space. Net adjustment: +$1,034.
Adjusted -$32,730 for 95 sqft less living space. Net adjustment: -$32,730.
The Neighborhood
This home is valued 2.4% above the L305606D - Red Oaks N. of Little Elm median of $709,809. With 445 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 0.8% over the past year.
L305606D - Red Oaks N. of Little Elm
typicalThis home is +2.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $14,397 across all districts. With a homestead exemption claimed, that drops to $12,714 — saving $1,683 per year. That's $1,060 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% | $7,899 |
| Williamson County | County | 0.3694% | $2,685 |
| Cedar Park | City | 0.3600% | $2,616 |
| Austin Community College | special | 0.1034% | $751 |
| Williamson County FM/Rd | County | 0.0443% | $322 |
| Upper Brushy Creek WCID | Water | 0.0170% | $124 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $14,397 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $692,264 would pay approximately $4,321 per month (principal and interest only, excluding taxes and insurance).