1509 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $374,611 and $726,210, with a best estimate of $468,314. 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
$468,314
$449,089
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 $374,611 and $726,210. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$9,415 for 41 sqft more living space. Net adjustment: +$9,415.
Adjusted +$143,986 for 627 sqft more living space and +$1,862 for being newer. Net adjustment: +$145,848.
Adjusted -$7,578 for 33 sqft less living space. Net adjustment: -$7,578.
Adjusted -$459 for 2 sqft less living space and -$3,723 for being older. Net adjustment: -$4,182.
Adjusted +$114,362 for 498 sqft more living space and -$1,862 for being older. Net adjustment: +$112,500.
The Neighborhood
This home is valued 3.9% below the L369599E - Emarald Oaks median of $467,144. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 13.6% over the past year.
L369599E - Emarald Oaks
typicalThis home is -3.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,897 across all districts. With a homestead exemption claimed, that drops to $7,274 — saving $1,623 per year. That's $606 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% | $4,881 |
| Williamson County | County | 0.3694% | $1,659 |
| Cedar Park | City | 0.3600% | $1,617 |
| Austin Community College | special | 0.1034% | $464 |
| Williamson County FM/Rd | County | 0.0443% | $199 |
| Upper Brushy Creek WCID | Water | 0.0170% | $76 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,897 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $468,314 would pay approximately $2,923 per month (principal and interest only, excluding taxes and insurance).