1511 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $297,295 and $574,416, with a best estimate of $316,521. 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
$316,521
$570,595
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L369599E - Emarald Oaks, this home's estimated market value is between $297,295 and $574,416. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$37,432 for 163 sqft less living space and -$1,862 for being older. Net adjustment: -$39,294.
Adjusted -$160,291 for 698 sqft less living space and +$1,862 for being newer. Net adjustment: -$158,429.
Adjusted -$151,794 for 661 sqft less living space. Net adjustment: -$151,794.
Adjusted -$142,378 for 620 sqft less living space. Net adjustment: -$142,378.
Adjusted -$7,808 for 34 sqft less living space and +$1,862 for being newer. Net adjustment: -$5,946.
The Neighborhood
This home is valued 22.1% 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 +22.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,304 across all districts. With a homestead exemption claimed, that drops to $9,656 — saving $1,648 per year. That's $805 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% | $6,202 |
| Williamson County | County | 0.3694% | $2,108 |
| Cedar Park | City | 0.3600% | $2,054 |
| Austin Community College | special | 0.1034% | $590 |
| Williamson County FM/Rd | County | 0.0443% | $253 |
| Upper Brushy Creek WCID | Water | 0.0170% | $97 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,304 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $316,521 would pay approximately $1,976 per month (principal and interest only, excluding taxes and insurance).