1607 MICHAEL ROBERT WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $297,695 and $572,777, with a best estimate of $432,757. 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
$432,757
$618,791
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 $297,695 and $572,777. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$188,969 for 736 sqft less living space and +$3,767 for being newer. Net adjustment: -$185,202.
Adjusted -$10,270 for 40 sqft less living space. Net adjustment: -$10,270.
Adjusted -$24,648 for 96 sqft less living space. Net adjustment: -$24,648.
Adjusted -$114,511 for 446 sqft less living space. Net adjustment: -$114,511.
Adjusted -$97,052 for 378 sqft less living space. Net adjustment: -$97,052.
The Neighborhood
This home is valued 7.0% above the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451. With 1,231 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 8.7% over the past year.
L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9
typicalThis home is +7.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $12,259 across all districts. With a homestead exemption claimed, that drops to $10,600 — saving $1,659 per year. That's $883 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% | $6,726 |
| Williamson County | County | 0.3694% | $2,286 |
| Cedar Park | City | 0.3600% | $2,228 |
| Austin Community College | special | 0.1034% | $640 |
| 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% | $12,259 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $432,757 would pay approximately $2,701 per month (principal and interest only, excluding taxes and insurance).