505 MONARCH AVE, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $640,146 and $1,006,188, with a best estimate of $743,779. That places the property below the L325513C - Parkwest Estates median of $757,960, in a neighborhood that declined 3.3% over the past year.
Estimated Value Range
$743,779
$1,110,832
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L325513C - Parkwest Estates, this home's estimated market value is between $640,146 and $1,006,188. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$14,628 for 49 sqft more living space. Net adjustment: +$14,628.
Adjusted -$194,942 for 653 sqft less living space and -$3,602 for being older. Net adjustment: -$198,544.
Adjusted -$20,300 for 68 sqft less living space and -$21,610 for being older. Net adjustment: -$41,910.
Adjusted -$33,436 for 112 sqft less living space and +$21,610 for being newer. Net adjustment: -$11,826.
Adjusted +$35,227 for 118 sqft more living space. Net adjustment: +$35,227.
The Neighborhood
This home is valued 46.6% above the L325513C - Parkwest Estates median of $757,960. With 166 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 3.3% over the past year.
L325513C - Parkwest Estates
above averageThis home is +46.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $19,610 across all districts. With a homestead exemption claimed, that drops to $17,870 — saving $1,740 per year. That's $1,489 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% | $10,759 |
| Williamson County | County | 0.3694% | $3,657 |
| Cedar Park | City | 0.3600% | $3,564 |
| Austin Community College | special | 0.1034% | $1,024 |
| Williamson County FM/Rd | County | 0.0443% | $439 |
| Upper Brushy Creek WCID | Water | 0.0170% | $168 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $19,610 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $743,779 would pay approximately $4,643 per month (principal and interest only, excluding taxes and insurance).