2302 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $195,783 and $310,500, with a best estimate of $211,897. 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
$211,897
$306,788
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L251496F - GANN RANCH SEC 1 & 2, this home's estimated market value is between $195,783 and $310,500. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$24,663 for 107 sqft less living space and -$43,767 for being older and -$19,827 for no garage. Net adjustment: -$88,257.
Adjusted -$80,905 for 351 sqft less living space and -$25,010 for being older and -$19,827 for no garage. Net adjustment: -$125,742.
Adjusted -$5,071 for 22 sqft less living space and -$43,767 for being older and -$19,827 for no garage. Net adjustment: -$68,665.
Adjusted -$15,904 for 69 sqft less living space and +$12,505 for being newer and -$19,827 for no garage. Net adjustment: -$23,226.
Adjusted -$24,663 for 107 sqft less living space and -$43,767 for being older and -$19,827 for no garage. Net adjustment: -$88,257.
The Neighborhood
This home is valued 13.6% 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 -13.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,078 across all districts. With a homestead exemption claimed, that drops to $4,481 — saving $1,597 per year. That's $373 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% | $3,334 |
| Williamson County | County | 0.3694% | $1,133 |
| Cedar Park | City | 0.3600% | $1,104 |
| Austin Community College | special | 0.1034% | $317 |
| Williamson County FM/Rd | County | 0.0443% | $136 |
| Upper Brushy Creek WCID | Water | 0.0170% | $52 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,078 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $211,897 would pay approximately $1,323 per month (principal and interest only, excluding taxes and insurance).