301 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $212,115 and $265,299, with a best estimate of $238,055. That places the property below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$238,055
$230,922
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $212,115 and $265,299. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$6,378 for 38 sqft less living space. Net adjustment: -$6,378.
Adjusted +$7,049 for 42 sqft more living space and -$31,873 for being older. Net adjustment: -$24,824.
Adjusted +$9,231 for 55 sqft more living space and +$2,277 for being newer. Net adjustment: +$11,508.
Adjusted -$63,444 for 378 sqft less living space and +$9,107 for being newer. Net adjustment: -$54,337.
Adjusted -$29,204 for 174 sqft less living space and -$2,277 for being older. Net adjustment: -$31,481.
The Neighborhood
This home is valued 4.5% below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is -4.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,802 across all districts. With a homestead exemption claimed, that drops to $3,270 — saving $1,532 per year. That's $273 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 |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $2,457 |
| Taylor | City | 0.5850% | $1,351 |
| Williamson County | County | 0.3694% | $853 |
| Williamson County FM/Rd | County | 0.0443% | $102 |
| Lower Brushy Creek WCID | Water | 0.0169% | $39 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,802 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $238,055 would pay approximately $1,486 per month (principal and interest only, excluding taxes and insurance).