508 RIVERWOOD DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $254,655 and $288,901, with a best estimate of $273,049. That places the property below the L318589F - Buttercup Creek median of $386,028, in a neighborhood that declined 2.8% over the past year.
Estimated Value Range
$273,049
$308,449
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L318589F - Buttercup Creek, this home's estimated market value is between $254,655 and $288,901. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$45,376 for 166 sqft less living space and +$9,039 for being newer. Net adjustment: -$36,337.
Adjusted -$37,996 for 139 sqft less living space and +$9,039 for being newer. Net adjustment: -$28,957.
Adjusted -$60,684 for 222 sqft less living space and +$9,039 for being newer. Net adjustment: -$51,645.
Adjusted -$88,292 for 323 sqft less living space and +$9,039 for being newer. Net adjustment: -$79,253.
Adjusted -$88,292 for 323 sqft less living space and +$9,039 for being newer. Net adjustment: -$79,253.
The Neighborhood
This home is valued 20.1% below the L318589F - Buttercup Creek median of $386,028. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 2.8% over the past year.
L318589F - Buttercup Creek
below averageThis home is -20.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,111 across all districts. With a homestead exemption claimed, that drops to $4,514 — saving $1,597 per year. That's $376 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% | $3,353 |
| Williamson County | County | 0.3694% | $1,140 |
| Cedar Park | City | 0.3600% | $1,110 |
| Austin Community College | special | 0.1034% | $319 |
| Williamson County FM/Rd | County | 0.0443% | $137 |
| Upper Brushy Creek WCID | Water | 0.0170% | $52 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,111 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $273,049 would pay approximately $1,704 per month (principal and interest only, excluding taxes and insurance).