1508 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $251,430 and $446,388, with a best estimate of $351,189. That places the property below the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$351,189
$538,992
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in L369599E - Emarald Oaks. The estimated range of $251,430 and $446,388 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$220,916 for 962 sqft less living space and +$3,723 for being newer. Net adjustment: -$217,193.
Adjusted +$14,927 for 65 sqft more living space and +$1,862 for being newer. Net adjustment: +$16,789.
Adjusted +$34,217 for 149 sqft more living space and +$5,585 for being newer. Net adjustment: +$39,802.
Adjusted +$34,217 for 149 sqft more living space and +$5,585 for being newer. Net adjustment: +$39,802.
Adjusted +$68,204 for 297 sqft more living space and +$7,446 for being newer. Net adjustment: +$75,650.
The Neighborhood
This home is valued 15.4% above the L369599E - Emarald Oaks median of $467,144. With 373 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 13.6% over the past year.
L369599E - Emarald Oaks
above averageThis home is +15.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,678 across all districts. With a homestead exemption claimed, that drops to $9,037 — saving $1,641 per year. That's $753 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% | $5,858 |
| Williamson County | County | 0.3694% | $1,991 |
| Cedar Park | City | 0.3600% | $1,940 |
| Austin Community College | special | 0.1034% | $557 |
| Williamson County FM/Rd | County | 0.0443% | $239 |
| Upper Brushy Creek WCID | Water | 0.0170% | $92 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $10,678 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $351,189 would pay approximately $2,192 per month (principal and interest only, excluding taxes and insurance).