205 PARKWAY DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $485,556 and $567,161, with a best estimate of $513,947. 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
$513,947
$377,202
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 $485,556 and $567,161. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$112,450 for 398 sqft more living space. Net adjustment: +$112,450.
Adjusted +$185,345 for 656 sqft more living space and -$3,675 for being older. Net adjustment: +$181,670.
Adjusted +$150,310 for 532 sqft more living space and -$11,026 for being older. Net adjustment: +$139,284.
Adjusted +$193,256 for 684 sqft more living space and -$11,026 for being older. Net adjustment: +$182,230.
Adjusted +$184,497 for 653 sqft more living space and -$3,675 for being older. Net adjustment: +$180,822.
The Neighborhood
This home is valued 23.9% below the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 6.2% over the past year.
L321D72G - Cedar Park Ranchettes/Forest Park
below averageThis home is -23.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,473 across all districts. With a homestead exemption claimed, that drops to $5,863 — saving $1,610 per year. That's $489 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% | $4,100 |
| Williamson County | County | 0.3694% | $1,394 |
| Cedar Park | City | 0.3600% | $1,358 |
| Austin Community College | special | 0.1034% | $390 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $7,473 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $513,947 would pay approximately $3,208 per month (principal and interest only, excluding taxes and insurance).