507 MARQUIS LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $574,241 and $1,128,843, with a best estimate of $949,627. That places the property above the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775, in a neighborhood that declined 6.2% over the past year.
Estimated Value Range
$949,627
$1,156,304
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L321D72G - Cedar Park Ranchettes/Forest Park, this home's estimated market value is between $574,241 and $1,128,843. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$59,898 for 212 sqft more living space and -$1,838 for being older. Net adjustment: +$58,060.
Adjusted -$10,171 for 36 sqft less living space and -$40,430 for being older. Net adjustment: -$50,601.
Adjusted +$22,038 for 78 sqft more living space and -$1,838 for being older. Net adjustment: +$20,200.
Adjusted -$178,564 for 632 sqft less living space and -$27,566 for being older. Net adjustment: -$206,130.
Adjusted +$198,059 for 701 sqft more living space and -$14,702 for being older. Net adjustment: +$183,357.
The Neighborhood
This home is valued 133.2% above the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775. With 247 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 6.2% over the past year.
L321D72G - Cedar Park Ranchettes/Forest Park
outlier highThis home is +133.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $22,907 across all districts. With a homestead exemption claimed, that drops to $21,130 — saving $1,777 per year. That's $1,761 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% | $12,568 |
| Williamson County | County | 0.3694% | $4,272 |
| Cedar Park | City | 0.3600% | $4,163 |
| Austin Community College | special | 0.1034% | $1,196 |
| Williamson County FM/Rd | County | 0.0443% | $513 |
| Upper Brushy Creek WCID | Water | 0.0170% | $197 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $22,907 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $949,627 would pay approximately $5,928 per month (principal and interest only, excluding taxes and insurance).