703 MARQUIS LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $587,701 and $1,063,091, with a best estimate of $646,746. 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
$646,746
$575,797
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 $587,701 and $1,063,091. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$242,983 for 860 sqft less living space and -$1,838 for being older. Net adjustment: -$244,821.
Adjusted -$104,822 for 371 sqft less living space and -$14,702 for being older. Net adjustment: -$119,524.
Adjusted +$31,362 for 111 sqft more living space and -$1,838 for being older. Net adjustment: +$29,524.
Adjusted +$109,342 for 387 sqft more living space and +$5,513 for being newer. Net adjustment: +$114,855.
Adjusted -$40,685 for 144 sqft less living space and +$36,755 for being newer. Net adjustment: -$3,930.
The Neighborhood
This home is valued 16.1% 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
above averageThis home is +16.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,407 across all districts. With a homestead exemption claimed, that drops to $9,758 — saving $1,649 per year. That's $813 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% | $6,258 |
| Williamson County | County | 0.3694% | $2,127 |
| Cedar Park | City | 0.3600% | $2,073 |
| Austin Community College | special | 0.1034% | $595 |
| Williamson County FM/Rd | County | 0.0443% | $255 |
| Upper Brushy Creek WCID | Water | 0.0170% | $98 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,407 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $646,746 would pay approximately $4,037 per month (principal and interest only, excluding taxes and insurance).