506 MUSTANG AVE S, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $212,219 and $337,987, with a best estimate of $253,335. That places the property below the L501D74H - Cedar Park Ranchettes #4 median of $307,201, in a neighborhood that appreciated 4.3% over the past year.
Estimated Value Range
$253,335
$265,620
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L501D74H - Cedar Park Ranchettes #4, this home's estimated market value is between $212,219 and $337,987. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$5,842 for 30 sqft more living space and -$180,308 for being older. Net adjustment: -$174,466.
Adjusted +$27,651 for 142 sqft more living space and -$50,085 for being older. Net adjustment: -$22,434.
Adjusted +$96,194 for 494 sqft more living space and -$50,085 for being older. Net adjustment: +$46,109.
Adjusted +$72,243 for 371 sqft more living space and -$25,043 for being older. Net adjustment: +$47,200.
Adjusted -$12,268 for 63 sqft less living space and -$50,085 for being older. Net adjustment: -$62,353.
The Neighborhood
This home is valued 13.5% below the L501D74H - Cedar Park Ranchettes #4 median of $307,201. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 4.3% over the past year.
L501D74H - Cedar Park Ranchettes #4
typicalThis home is -13.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,262 across all districts. With a homestead exemption claimed, that drops to $3,673 — saving $1,589 per year. That's $306 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% | $2,887 |
| Williamson County | County | 0.3694% | $981 |
| Cedar Park | City | 0.3600% | $956 |
| Austin Community College | special | 0.1034% | $275 |
| Williamson County FM/Rd | County | 0.0443% | $118 |
| Upper Brushy Creek WCID | Water | 0.0170% | $45 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $5,262 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $253,335 would pay approximately $1,581 per month (principal and interest only, excluding taxes and insurance).