2311 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $261,915 and $380,519, with a best estimate of $281,916. 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
$281,916
$293,184
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $261,915 and $380,519. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$11,986 for 52 sqft less living space and -$6,252 for being older. Net adjustment: -$18,238.
Adjusted -$68,228 for 296 sqft less living space and +$12,505 for being newer. Net adjustment: -$55,723.
Adjusted -$31,348 for 136 sqft less living space. Net adjustment: -$31,348.
Adjusted +$7,606 for 33 sqft more living space and -$6,252 for being older. Net adjustment: +$1,354.
Adjusted -$3,227 for 14 sqft less living space and +$50,020 for being newer. Net adjustment: +$46,793.
The Neighborhood
This home is valued 17.4% 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 -17.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,808 across all districts. With a homestead exemption claimed, that drops to $4,214 — saving $1,594 per year. That's $351 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% | $3,187 |
| Williamson County | County | 0.3694% | $1,083 |
| Cedar Park | City | 0.3600% | $1,055 |
| Austin Community College | special | 0.1034% | $303 |
| Williamson County FM/Rd | County | 0.0443% | $130 |
| Upper Brushy Creek WCID | Water | 0.0170% | $50 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $5,808 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $281,916 would pay approximately $1,760 per month (principal and interest only, excluding taxes and insurance).