2306 CHERRYWOOD DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $204,551 and $244,048, with a best estimate of $223,905. That places the property below 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
$223,905
$236,516
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 $204,551 and $244,048. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$11,581 for 69 sqft less living space and -$2,277 for being older. Net adjustment: -$13,858.
Adjusted -$11,078 for 66 sqft less living space. Net adjustment: -$11,078.
Adjusted -$38,268 for 228 sqft less living space. Net adjustment: -$38,268.
Adjusted +$24,337 for 145 sqft more living space. Net adjustment: +$24,337.
Adjusted -$7,553 for 45 sqft less living space. Net adjustment: -$7,553.
The Neighborhood
This home is valued 2.2% below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is -2.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,918 across all districts. With a homestead exemption claimed, that drops to $3,385 — saving $1,533 per year. That's $282 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% | $2,516 |
| Taylor | City | 0.5850% | $1,384 |
| Williamson County | County | 0.3694% | $874 |
| Williamson County FM/Rd | County | 0.0443% | $105 |
| Lower Brushy Creek WCID | Water | 0.0169% | $40 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,918 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $223,905 would pay approximately $1,398 per month (principal and interest only, excluding taxes and insurance).