1501 TIMBERWOOD DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $520,116 and $837,254, with a best estimate of $594,142. That places the property above the L222499G - CARRIAGE HILLS median of $367,409, in a neighborhood that declined 7.2% over the past year.
Estimated Value Range
$594,142
$253,398
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $520,116 and $837,254. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$4,437 for 18 sqft less living space and +$237,754 for being newer. Net adjustment: +$233,317.
Adjusted +$80,855 for 328 sqft more living space and +$38,041 for being newer. Net adjustment: +$118,896.
Adjusted +$137,799 for 559 sqft more living space and +$237,754 for being newer. Net adjustment: +$375,553.
Adjusted -$47,083 for 191 sqft less living space and +$218,733 for being newer and +$60,193 for having a garage. Net adjustment: +$231,843.
Adjusted +$205,096 for 832 sqft more living space and +$237,754 for being newer. Net adjustment: +$442,850.
The Neighborhood
This home is valued 31.0% below the L222499G - CARRIAGE HILLS median of $367,409. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.2% over the past year.
L222499G - CARRIAGE HILLS
below averageThis home is -31.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,020 across all districts. With a homestead exemption claimed, that drops to $3,434 — saving $1,586 per year. That's $286 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% | $2,754 |
| Williamson County | County | 0.3694% | $936 |
| Cedar Park | City | 0.3600% | $912 |
| Austin Community College | special | 0.1034% | $262 |
| Williamson County FM/Rd | County | 0.0443% | $112 |
| Upper Brushy Creek WCID | Water | 0.0170% | $43 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $5,020 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $594,142 would pay approximately $3,709 per month (principal and interest only, excluding taxes and insurance).