1515 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $505,197 and $917,232, with a best estimate of $553,762. That places the property above the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$553,762
$487,348
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in L369599E - Emarald Oaks. The estimated range of $505,197 and $917,232 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$44,551 for 194 sqft more living space and -$1,862 for being older. Net adjustment: +$42,689.
Adjusted +$48,225 for 210 sqft more living space. Net adjustment: +$48,225.
Adjusted +$98,976 for 431 sqft more living space and +$1,862 for being newer. Net adjustment: +$100,838.
Adjusted +$144,445 for 629 sqft more living space. Net adjustment: +$144,445.
Adjusted -$26,409 for 115 sqft less living space and -$14,893 for being older. Net adjustment: -$41,302.
The Neighborhood
This home is valued 4.3% above the L369599E - Emarald Oaks median of $467,144. With 373 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 13.6% over the past year.
L369599E - Emarald Oaks
typicalThis home is +4.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,655 across all districts. With a homestead exemption claimed, that drops to $8,025 — saving $1,630 per year. That's $669 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% | $5,297 |
| Williamson County | County | 0.3694% | $1,800 |
| Cedar Park | City | 0.3600% | $1,754 |
| Austin Community College | special | 0.1034% | $504 |
| Williamson County FM/Rd | County | 0.0443% | $216 |
| Upper Brushy Creek WCID | Water | 0.0170% | $83 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,655 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $553,762 would pay approximately $3,457 per month (principal and interest only, excluding taxes and insurance).