2306 CORBIN WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $257,697 and $427,634, with a best estimate of $287,484. 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
$287,484
$292,931
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 $257,697 and $427,634. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$7,145 for 31 sqft more living space and -$6,252 for being older. Net adjustment: +$893.
Adjusted -$11,064 for 48 sqft less living space and -$18,757 for being older. Net adjustment: -$29,821.
Adjusted +$922 for 4 sqft more living space and -$6,252 for being older. Net adjustment: -$5,330.
Adjusted -$43,795 for 190 sqft less living space and -$6,252 for being older. Net adjustment: -$50,047.
Adjusted +$7,606 for 33 sqft more living space and -$50,020 for being older. Net adjustment: -$42,414.
The Neighborhood
This home is valued 17.5% 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
below averageThis home is -17.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,803 across all districts. With a homestead exemption claimed, that drops to $4,209 — saving $1,594 per year. That's $351 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% | $3,184 |
| Williamson County | County | 0.3694% | $1,082 |
| Cedar Park | City | 0.3600% | $1,055 |
| Austin Community College | special | 0.1034% | $303 |
| Williamson County FM/Rd | County | 0.0443% | $130 |
| Upper Brushy Creek WCID | Water | 0.0170% | $50 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $5,803 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $287,484 would pay approximately $1,794 per month (principal and interest only, excluding taxes and insurance).