2603 HONEY SPRINGS LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $582,171 and $821,443, with a best estimate of $712,735. That places the property below the L551518B - THREE POINTS median of $724,531, in a neighborhood that declined 3.3% over the past year.
Estimated Value Range
$712,735
$617,881
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L551518B - THREE POINTS, this home's estimated market value is between $582,171 and $821,443. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$50,772 for 146 sqft less living space. Net adjustment: -$50,772.
Adjusted +$78,940 for 227 sqft more living space and -$4,569 for being older. Net adjustment: +$74,371.
Adjusted +$96,675 for 278 sqft more living space and -$4,569 for being older. Net adjustment: +$92,106.
Adjusted +$15,997 for 46 sqft more living space and -$4,569 for being older. Net adjustment: +$11,428.
Adjusted +$24,690 for 71 sqft more living space and -$4,569 for being older. Net adjustment: +$20,121.
The Neighborhood
This home is valued 14.7% below the L551518B - THREE POINTS median of $724,531. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.3% over the past year.
L551518B - THREE POINTS
typicalThis home is -14.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $12,241 across all districts. With a homestead exemption claimed, that drops to $10,583 — saving $1,658 per year. That's $882 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% | $6,716 |
| Williamson County | County | 0.3694% | $2,283 |
| Cedar Park | City | 0.3600% | $2,224 |
| Austin Community College | special | 0.1034% | $639 |
| Williamson County FM/Rd | County | 0.0443% | $274 |
| Upper Brushy Creek WCID | Water | 0.0170% | $105 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $12,241 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $712,735 would pay approximately $4,449 per month (principal and interest only, excluding taxes and insurance).