1506 OAK TREE LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $598,440 and $946,717, with a best estimate of $674,988. 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
$674,988
$605,282
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 $598,440 and $946,717. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$93,367 for 271 sqft more living space and -$3,223 for being older. Net adjustment: +$90,144.
Adjusted +$135,743 for 394 sqft more living space. Net adjustment: +$135,743.
Adjusted +$2,412 for 7 sqft more living space and -$3,223 for being older. Net adjustment: -$811.
Adjusted +$252,538 for 733 sqft more living space and -$3,223 for being older. Net adjustment: +$249,315.
Adjusted +$105,770 for 307 sqft more living space and -$3,223 for being older. Net adjustment: +$102,547.
The Neighborhood
This home is valued 14.7% below the L305606D - Red Oaks N. of Little Elm median of $709,809. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 0.8% over the past year.
L305606D - Red Oaks N. of Little Elm
typicalThis home is -14.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $11,991 across all districts. With a homestead exemption claimed, that drops to $10,336 — saving $1,655 per year. That's $861 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% | $6,579 |
| Williamson County | County | 0.3694% | $2,236 |
| Cedar Park | City | 0.3600% | $2,179 |
| Austin Community College | special | 0.1034% | $626 |
| Williamson County FM/Rd | County | 0.0443% | $268 |
| Upper Brushy Creek WCID | Water | 0.0170% | $103 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,991 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $674,988 would pay approximately $4,213 per month (principal and interest only, excluding taxes and insurance).