1608 MICHAEL ROBERT WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $322,343 and $735,155, with a best estimate of $457,405. 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
$457,405
$597,425
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 $322,343 and $735,155. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$164,321 for 640 sqft less living space and +$3,767 for being newer. Net adjustment: -$160,554.
Adjusted +$14,378 for 56 sqft more living space. Net adjustment: +$14,378.
Adjusted -$89,863 for 350 sqft less living space. Net adjustment: -$89,863.
Adjusted -$72,404 for 282 sqft less living space. Net adjustment: -$72,404.
Adjusted +$126,578 for 493 sqft more living space. Net adjustment: +$126,578.
The Neighborhood
This home is valued 3.3% above the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451. With 1,231 homes in the subdivision, the property sits in the upper tier. 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 +3.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,835 across all districts. With a homestead exemption claimed, that drops to $10,182 — saving $1,653 per year. That's $849 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% | $6,493 |
| Williamson County | County | 0.3694% | $2,207 |
| Cedar Park | City | 0.3600% | $2,151 |
| Austin Community College | special | 0.1034% | $618 |
| Williamson County FM/Rd | County | 0.0443% | $265 |
| Upper Brushy Creek WCID | Water | 0.0170% | $102 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,835 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $457,405 would pay approximately $2,855 per month (principal and interest only, excluding taxes and insurance).