1507 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $240,553 and $588,193, with a best estimate of $423,026. That places the property below the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$423,026
$485,933
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in L369599E - Emarald Oaks. The estimated range of $240,553 and $588,193 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$16,075 for 70 sqft less living space and -$9,308 for being older. Net adjustment: -$25,383.
Adjusted -$96,220 for 419 sqft less living space and +$1,862 for being newer. Net adjustment: -$94,358.
Adjusted +$8,497 for 37 sqft more living space and -$7,446 for being older. Net adjustment: +$1,051.
Adjusted -$79,227 for 345 sqft less living space and +$1,862 for being newer. Net adjustment: -$77,365.
Adjusted -$74,864 for 326 sqft less living space and +$5,585 for being newer. Net adjustment: -$69,279.
The Neighborhood
This home is valued 4.0% 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
typicalThis home is +4.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,627 across all districts. With a homestead exemption claimed, that drops to $7,997 — saving $1,630 per year. That's $666 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% | $5,282 |
| Williamson County | County | 0.3694% | $1,795 |
| Cedar Park | City | 0.3600% | $1,749 |
| Austin Community College | special | 0.1034% | $502 |
| Williamson County FM/Rd | County | 0.0443% | $215 |
| Upper Brushy Creek WCID | Water | 0.0170% | $83 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,627 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $423,026 would pay approximately $2,641 per month (principal and interest only, excluding taxes and insurance).