507 FALLEN OAKS DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $574,837 and $821,316, with a best estimate of $744,873. That places the property below the L543514A - Ranch at Brushy Creek - Section 8A median of $769,335, in a neighborhood that declined 3.9% over the past year.
Estimated Value Range
$744,873
$690,421
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $574,837 and $821,316. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$23,812 for 63 sqft more living space. Net adjustment: +$23,812.
Adjusted +$13,985 for 37 sqft more living space. Net adjustment: +$13,985.
Adjusted -$72,949 for 193 sqft less living space and -$11,306 for being older. Net adjustment: -$84,255.
Adjusted -$39,309 for 104 sqft less living space. Net adjustment: -$39,309.
Adjusted +$24,568 for 65 sqft more living space and +$113,060 for being newer. Net adjustment: +$137,628.
The Neighborhood
This home is valued 10.3% below the L543514A - Ranch at Brushy Creek - Section 8A median of $769,335. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.9% over the past year.
L543514A - Ranch at Brushy Creek - Section 8A
typicalThis home is -10.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $13,678 across all districts. With a homestead exemption claimed, that drops to $12,004 — saving $1,674 per year. That's $1,000 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% | $7,504 |
| Williamson County | County | 0.3694% | $2,551 |
| Cedar Park | City | 0.3600% | $2,486 |
| Austin Community College | special | 0.1034% | $714 |
| Williamson County FM/Rd | County | 0.0443% | $306 |
| Upper Brushy Creek WCID | Water | 0.0170% | $117 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $13,678 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $744,873 would pay approximately $4,649 per month (principal and interest only, excluding taxes and insurance).