1502 OAK TREE LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $664,383 and $1,016,630, with a best estimate of $684,198. That places the property below the L305606D - Red Oaks N. of Little Elm median of $709,809, in a neighborhood that appreciated 0.8% over the past year.
Estimated Value Range
$684,198
$599,251
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L305606D - Red Oaks N. of Little Elm, this home's estimated market value is between $664,383 and $1,016,630. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$90,955 for 264 sqft more living space. Net adjustment: +$90,955.
Adjusted +$133,332 for 387 sqft more living space and +$3,223 for being newer. Net adjustment: +$136,555.
Adjusted +$250,126 for 726 sqft more living space. Net adjustment: +$250,126.
Adjusted +$103,358 for 300 sqft more living space. Net adjustment: +$103,358.
Adjusted +$307,662 for 893 sqft more living space. Net adjustment: +$307,662.
The Neighborhood
This home is valued 15.6% below the L305606D - Red Oaks N. of Little Elm median of $709,809. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 0.8% over the past year.
L305606D - Red Oaks N. of Little Elm
below averageThis home is -15.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $11,872 across all districts. With a homestead exemption claimed, that drops to $10,218 — saving $1,654 per year. That's $852 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% | $6,513 |
| Williamson County | County | 0.3694% | $2,214 |
| Cedar Park | City | 0.3600% | $2,157 |
| Austin Community College | special | 0.1034% | $620 |
| Williamson County FM/Rd | County | 0.0443% | $266 |
| Upper Brushy Creek WCID | Water | 0.0170% | $102 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,872 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $684,198 would pay approximately $4,271 per month (principal and interest only, excluding taxes and insurance).