1612 MICHAEL ROBERT WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $334,667 and $609,749, with a best estimate of $469,729. That places the property below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451, in a neighborhood that declined 8.7% over the past year.
Estimated Value Range
$469,729
$568,622
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9, this home's estimated market value is between $334,667 and $609,749. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$151,997 for 592 sqft less living space and +$3,767 for being newer. Net adjustment: -$148,230.
Adjusted +$26,702 for 104 sqft more living space. Net adjustment: +$26,702.
Adjusted +$12,324 for 48 sqft more living space. Net adjustment: +$12,324.
Adjusted -$77,539 for 302 sqft less living space. Net adjustment: -$77,539.
Adjusted -$60,080 for 234 sqft less living space. Net adjustment: -$60,080.
The Neighborhood
This home is valued 1.7% below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.7% over the past year.
L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9
typicalThis home is -1.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $11,265 across all districts. With a homestead exemption claimed, that drops to $9,618 — saving $1,647 per year. That's $802 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% | $6,180 |
| Williamson County | County | 0.3694% | $2,101 |
| Cedar Park | City | 0.3600% | $2,047 |
| Austin Community College | special | 0.1034% | $588 |
| Williamson County FM/Rd | County | 0.0443% | $252 |
| Upper Brushy Creek WCID | Water | 0.0170% | $97 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,265 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $469,729 would pay approximately $2,932 per month (principal and interest only, excluding taxes and insurance).