1512 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $320,095 and $635,586, with a best estimate of $537,217. That places the property above the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$537,217
$566,734
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $320,095 and $635,586. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$98,746 for 430 sqft more living space. Net adjustment: +$98,746.
Adjusted +$74,864 for 326 sqft more living space and +$1,862 for being newer. Net adjustment: +$76,726.
Adjusted -$17,682 for 77 sqft less living space and -$3,723 for being older. Net adjustment: -$21,405.
Adjusted -$153,172 for 667 sqft less living space and +$1,862 for being newer. Net adjustment: -$151,310.
Adjusted -$96,680 for 421 sqft less living space and +$5,585 for being newer. Net adjustment: -$91,095.
The Neighborhood
This home is valued 21.3% 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 +21.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,227 across all districts. With a homestead exemption claimed, that drops to $9,581 — saving $1,646 per year. That's $798 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% | $6,160 |
| Williamson County | County | 0.3694% | $2,094 |
| Cedar Park | City | 0.3600% | $2,040 |
| Austin Community College | special | 0.1034% | $586 |
| Williamson County FM/Rd | County | 0.0443% | $251 |
| Upper Brushy Creek WCID | Water | 0.0170% | $96 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,227 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $537,217 would pay approximately $3,353 per month (principal and interest only, excluding taxes and insurance).