8301 FM 487 W, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $484,319 and $860,573, with a best estimate of $735,679. That places the property above the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796, in a neighborhood that declined 8.6% over the past year.
Estimated Value Range
$735,679
$1,855,075
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in F001D30F - FLORENCE / BURNET ISD RURAL, this home's estimated market value is between $484,319 and $860,573. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
This comparable closely matches the subject property's features.
Adjusted +$57,149 for 193 sqft more living space and -$2,127 for being older. Net adjustment: +$55,022.
Adjusted -$203,132 for 686 sqft less living space and -$1,063 for being older. Net adjustment: -$204,195.
Adjusted +$151,017 for 510 sqft more living space and +$1,063 for being newer. Net adjustment: +$152,080.
Adjusted -$44,417 for 150 sqft less living space and +$532 for being newer. Net adjustment: -$43,885.
The Neighborhood
This home is valued 262.5% above the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796. With 2,087 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 8.6% over the past year.
F001D30F - FLORENCE / BURNET ISD RURAL
outlier highThis home is +262.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $0 across all districts. That's $0 per month. 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 |
|---|---|---|---|
| Road District (REF) | Road | 0.0000% | $0 |
| Total Annual Tax | 0.0000% | $0 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $735,679 would pay approximately $4,592 per month (principal and interest only, excluding taxes and insurance).