2309 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $290,728 and $353,750, with a best estimate of $310,728. That places the property below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028, in a neighborhood that declined 3.4% over the past year.
Estimated Value Range
$310,728
$305,172
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $290,728 and $353,750. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$16,826 for 73 sqft more living space and -$6,252 for being older. Net adjustment: +$10,574.
Adjusted -$39,415 for 171 sqft less living space and +$12,505 for being newer. Net adjustment: -$26,910.
Adjusted -$99,576 for 432 sqft less living space and -$37,515 for being older. Net adjustment: -$137,091.
Adjusted -$2,535 for 11 sqft less living space. Net adjustment: -$2,535.
Adjusted +$36,419 for 158 sqft more living space and -$6,252 for being older. Net adjustment: +$30,167.
The Neighborhood
This home is valued 14.0% below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.4% over the past year.
L251496F - GANN RANCH SEC 1 & 2
typicalThis home is -14.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,046 across all districts. With a homestead exemption claimed, that drops to $4,450 — saving $1,596 per year. That's $371 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% | $3,317 |
| Williamson County | County | 0.3694% | $1,127 |
| Cedar Park | City | 0.3600% | $1,099 |
| Austin Community College | special | 0.1034% | $316 |
| Williamson County FM/Rd | County | 0.0443% | $135 |
| Upper Brushy Creek WCID | Water | 0.0170% | $52 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,046 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $310,728 would pay approximately $1,940 per month (principal and interest only, excluding taxes and insurance).