1601 MICHAEL ROBERT WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $239,670 and $514,751, with a best estimate of $374,731. That places the property below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451, in a neighborhood that declined 8.7% over the past year.
Estimated Value Range
$374,731
$490,126
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9, this home's estimated market value is between $239,670 and $514,751. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$246,994 for 962 sqft less living space and +$3,767 for being newer. Net adjustment: -$243,227.
Adjusted -$68,296 for 266 sqft less living space. Net adjustment: -$68,296.
Adjusted -$82,674 for 322 sqft less living space. Net adjustment: -$82,674.
Adjusted -$172,537 for 672 sqft less living space. Net adjustment: -$172,537.
Adjusted -$155,078 for 604 sqft less living space. Net adjustment: -$155,078.
The Neighborhood
This home is valued 15.3% below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.7% over the past year.
L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9
below averageThis home is -15.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,710 across all districts. With a homestead exemption claimed, that drops to $8,080 — saving $1,630 per year. That's $673 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% | $5,327 |
| Williamson County | County | 0.3694% | $1,811 |
| Cedar Park | City | 0.3600% | $1,764 |
| Austin Community College | special | 0.1034% | $507 |
| Williamson County FM/Rd | County | 0.0443% | $217 |
| Upper Brushy Creek WCID | Water | 0.0170% | $83 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,710 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $374,731 would pay approximately $2,339 per month (principal and interest only, excluding taxes and insurance).