502 W PARK ST, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $517,696 and $1,023,589, with a best estimate of $896,710. That places the property above the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775, in a neighborhood that declined 6.2% over the past year.
Estimated Value Range
$896,710
$1,246,464
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in L321D72G - Cedar Park Ranchettes/Forest Park. The estimated range of $517,696 and $1,023,589 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$362,496 for 1,283 sqft more living space. Net adjustment: +$362,496.
Adjusted +$157,091 for 556 sqft more living space and -$66,159 for being older. Net adjustment: +$90,932.
Adjusted +$44,641 for 158 sqft more living space and -$69,834 for being older. Net adjustment: -$25,193.
Adjusted -$21,755 for 77 sqft less living space and -$82,699 for being older. Net adjustment: -$104,454.
Adjusted -$119,796 for 424 sqft less living space and -$71,672 for being older. Net adjustment: -$191,468.
The Neighborhood
This home is valued 151.4% above the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775. With 247 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 6.2% over the past year.
L321D72G - Cedar Park Ranchettes/Forest Park
outlier highThis home is +151.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $17,143 across all districts. With a homestead exemption claimed, that drops to $15,430 — saving $1,713 per year. That's $1,286 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% | $9,405 |
| Williamson County | County | 0.3694% | $3,197 |
| Cedar Park | City | 0.3600% | $3,115 |
| Austin Community College | special | 0.1034% | $895 |
| Williamson County FM/Rd | County | 0.0443% | $384 |
| Upper Brushy Creek WCID | Water | 0.0170% | $147 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $17,143 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $896,710 would pay approximately $5,597 per month (principal and interest only, excluding taxes and insurance).