2305 CHERRYWOOD DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $261,440 and $282,316, with a best estimate of $263,658. That places the property above 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
$263,658
$242,819
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 $261,440 and $282,316. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$26,687 for 159 sqft more living space and -$2,277 for being older. Net adjustment: +$24,410.
Adjusted +$27,190 for 162 sqft more living space. Net adjustment: +$27,190.
Adjusted +$62,605 for 373 sqft more living space. Net adjustment: +$62,605.
Adjusted +$30,715 for 183 sqft more living space. Net adjustment: +$30,715.
Adjusted +$38,268 for 228 sqft more living space. Net adjustment: +$38,268.
The Neighborhood
This home is in line with the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is +0.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $5,049 across all districts. With a homestead exemption claimed, that drops to $3,515 — saving $1,534 per year. That's $293 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% | $2,583 |
| Taylor | City | 0.5850% | $1,420 |
| Williamson County | County | 0.3694% | $897 |
| Williamson County FM/Rd | County | 0.0443% | $108 |
| Lower Brushy Creek WCID | Water | 0.0169% | $41 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $5,049 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $263,658 would pay approximately $1,646 per month (principal and interest only, excluding taxes and insurance).