3005 RED BAY DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $203,803 and $316,759, with a best estimate of $239,407. That places the property below the L301486G - Anderson Mill West Sec 1 Thru 6 - Milburn median of $376,486, in a neighborhood that declined 6.1% over the past year.
Estimated Value Range
$239,407
$361,055
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L301486G - Anderson Mill West Sec 1 Thru 6 - Milburn, this home's estimated market value is between $203,803 and $316,759. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$110,321 for 380 sqft less living space. Net adjustment: -$110,321.
Adjusted -$143,127 for 493 sqft less living space. Net adjustment: -$143,127.
Adjusted -$99,579 for 343 sqft less living space. Net adjustment: -$99,579.
Adjusted -$126,288 for 435 sqft less living space. Net adjustment: -$126,288.
Adjusted -$102,482 for 353 sqft less living space. Net adjustment: -$102,482.
The Neighborhood
This home is valued 4.1% below the L301486G - Anderson Mill West Sec 1 Thru 6 - Milburn median of $376,486. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 6.1% over the past year.
L301486G - Anderson Mill West Sec 1 Thru 6 - Milburn
typicalThis home is -4.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,840 across all districts. With a homestead exemption claimed, that drops to $5,252 — saving $1,588 per year. That's $438 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% | $3,924 |
| Williamson County | County | 0.3694% | $1,334 |
| Williamson/Travis MUD #1 | MUD | 0.2734% | $987 |
| Austin Community College | special | 0.1034% | $373 |
| Williamson County FM/Rd | County | 0.0443% | $160 |
| Upper Brushy Creek WCID | Water | 0.0170% | $61 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8945% | $6,840 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $239,407 would pay approximately $1,494 per month (principal and interest only, excluding taxes and insurance).