502 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $206,713 and $297,287, with a best estimate of $279,096. That places the property above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$279,096
$319,636
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $206,713 and $297,287. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$57,066 for 340 sqft more living space and -$9,107 for being older. Net adjustment: +$47,959.
Adjusted -$130,245 for 776 sqft less living space. Net adjustment: -$130,245.
Adjusted +$70,493 for 420 sqft more living space and -$40,980 for being older. Net adjustment: +$29,513.
Adjusted +$72,675 for 433 sqft more living space and -$6,830 for being older. Net adjustment: +$65,845.
Adjusted +$34,240 for 204 sqft more living space and -$11,383 for being older. Net adjustment: +$22,857.
The Neighborhood
This home is valued 32.1% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
above averageThis home is +32.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,647 across all districts. With a homestead exemption claimed, that drops to $5,099 — saving $1,548 per year. That's $425 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 |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $3,400 |
| Taylor | City | 0.5850% | $1,870 |
| Williamson County | County | 0.3694% | $1,181 |
| Williamson County FM/Rd | County | 0.0443% | $142 |
| Lower Brushy Creek WCID | Water | 0.0169% | $54 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $6,647 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $279,096 would pay approximately $1,742 per month (principal and interest only, excluding taxes and insurance).