1516 SILVER OAK TRL, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $541,682 and $917,307, with a best estimate of $573,601. That places the property below the L526504D - FOREST OAKS SEC 12 & 14 median of $595,466, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$573,601
$520,246
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L526504D - FOREST OAKS SEC 12 & 14, this home's estimated market value is between $541,682 and $917,307. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$229,759 for 725 sqft more living space. Net adjustment: +$229,759.
Adjusted +$34,543 for 109 sqft more living space. Net adjustment: +$34,543.
Adjusted -$82,396 for 260 sqft less living space. Net adjustment: -$82,396.
Adjusted -$65,283 for 206 sqft less living space. Net adjustment: -$65,283.
Adjusted +$247,189 for 780 sqft more living space. Net adjustment: +$247,189.
The Neighborhood
This home is valued 12.6% below the L526504D - FOREST OAKS SEC 12 & 14 median of $595,466. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.3% over the past year.
L526504D - FOREST OAKS SEC 12 & 14
typicalThis home is -12.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $10,306 across all districts. With a homestead exemption claimed, that drops to $8,670 — saving $1,636 per year. That's $723 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% | $5,655 |
| Williamson County | County | 0.3694% | $1,922 |
| Cedar Park | City | 0.3600% | $1,873 |
| Austin Community College | special | 0.1034% | $538 |
| Williamson County FM/Rd | County | 0.0443% | $231 |
| Upper Brushy Creek WCID | Water | 0.0170% | $88 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $10,306 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $573,601 would pay approximately $3,580 per month (principal and interest only, excluding taxes and insurance).