2301 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $277,936 and $380,661, with a best estimate of $337,639. That places the property below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028, in a neighborhood that declined 3.4% over the past year.
Estimated Value Range
$337,639
$321,525
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 $277,936 and $380,661. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$56,242 for 244 sqft more living space and -$18,757 for being older. Net adjustment: +$37,485.
Adjusted -$24,663 for 107 sqft less living space and -$12,505 for being older. Net adjustment: -$37,168.
Adjusted -$60,160 for 261 sqft less living space and -$50,020 for being older. Net adjustment: -$110,180.
Adjusted +$36,880 for 160 sqft more living space and -$12,505 for being older. Net adjustment: +$24,375.
Adjusted +$75,834 for 329 sqft more living space and -$18,757 for being older. Net adjustment: +$57,077.
The Neighborhood
This home is valued 9.4% below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.4% over the past year.
L251496F - GANN RANCH SEC 1 & 2
typicalThis home is -9.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,370 across all districts. With a homestead exemption claimed, that drops to $4,771 — saving $1,599 per year. That's $398 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% | $3,495 |
| Williamson County | County | 0.3694% | $1,188 |
| Cedar Park | City | 0.3600% | $1,157 |
| Austin Community College | special | 0.1034% | $332 |
| Williamson County FM/Rd | County | 0.0443% | $143 |
| Upper Brushy Creek WCID | Water | 0.0170% | $55 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,370 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $337,639 would pay approximately $2,108 per month (principal and interest only, excluding taxes and insurance).