2307 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $280,153 and $398,757, with a best estimate of $284,040. That places the property below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028, in a neighborhood that declined 3.4% over the past year.
Estimated Value Range
$284,040
$300,154
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $280,153 and $398,757. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$56,242 for 244 sqft less living space and +$18,757 for being newer. Net adjustment: -$37,485.
Adjusted -$19,362 for 84 sqft less living space and +$6,252 for being newer. Net adjustment: -$13,110.
Adjusted +$19,592 for 85 sqft more living space. Net adjustment: +$19,592.
Adjusted +$8,759 for 38 sqft more living space and +$56,272 for being newer. Net adjustment: +$65,031.
Adjusted -$7,606 for 33 sqft less living space and +$6,252 for being newer. Net adjustment: -$1,354.
The Neighborhood
This home is valued 15.5% below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.4% over the past year.
L251496F - GANN RANCH SEC 1 & 2
below averageThis home is -15.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,946 across all districts. With a homestead exemption claimed, that drops to $4,351 — saving $1,595 per year. That's $363 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% | $3,262 |
| Williamson County | County | 0.3694% | $1,109 |
| Cedar Park | City | 0.3600% | $1,081 |
| Austin Community College | special | 0.1034% | $310 |
| Williamson County FM/Rd | County | 0.0443% | $133 |
| Upper Brushy Creek WCID | Water | 0.0170% | $51 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $5,946 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $284,040 would pay approximately $1,773 per month (principal and interest only, excluding taxes and insurance).