1602 MICHAEL ROBERT WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $314,641 and $589,722, with a best estimate of $449,703. That places the property below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451, in a neighborhood that declined 8.7% over the past year.
Estimated Value Range
$449,703
$581,436
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9, this home's estimated market value is between $314,641 and $589,722. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$172,023 for 670 sqft less living space and +$3,767 for being newer. Net adjustment: -$168,256.
Adjusted +$6,676 for 26 sqft more living space. Net adjustment: +$6,676.
Adjusted -$7,703 for 30 sqft less living space. Net adjustment: -$7,703.
Adjusted -$97,565 for 380 sqft less living space. Net adjustment: -$97,565.
Adjusted -$80,106 for 312 sqft less living space. Net adjustment: -$80,106.
The Neighborhood
This home is in line with the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451. Note that values in this subdivision declined 8.7% over the past year.
L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9
typicalThis home is +0.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,519 across all districts. With a homestead exemption claimed, that drops to $9,869 — saving $1,650 per year. That's $822 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% | $6,320 |
| Williamson County | County | 0.3694% | $2,148 |
| Cedar Park | City | 0.3600% | $2,093 |
| Austin Community College | special | 0.1034% | $601 |
| Williamson County FM/Rd | County | 0.0443% | $258 |
| Upper Brushy Creek WCID | Water | 0.0170% | $99 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,519 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $449,703 would pay approximately $2,807 per month (principal and interest only, excluding taxes and insurance).