1508 OAK TREE LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $508,296 and $1,005,783, with a best estimate of $593,243. That places the property below the L305606D - Red Oaks N. of Little Elm median of $709,809, in a neighborhood that appreciated 0.8% over the past year.
Estimated Value Range
$593,243
$584,844
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L305606D - Red Oaks N. of Little Elm, this home's estimated market value is between $508,296 and $1,005,783. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$42,377 for 123 sqft more living space and +$3,223 for being newer. Net adjustment: +$45,600.
Adjusted -$90,955 for 264 sqft less living space. Net adjustment: -$90,955.
Adjusted +$159,171 for 462 sqft more living space. Net adjustment: +$159,171.
Adjusted +$12,403 for 36 sqft more living space. Net adjustment: +$12,403.
Adjusted +$330,401 for 959 sqft more living space. Net adjustment: +$330,401.
The Neighborhood
This home is valued 17.6% below the L305606D - Red Oaks N. of Little Elm median of $709,809. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 0.8% over the past year.
L305606D - Red Oaks N. of Little Elm
below averageThis home is -17.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $11,586 across all districts. With a homestead exemption claimed, that drops to $9,935 — saving $1,651 per year. That's $828 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% | $6,357 |
| Williamson County | County | 0.3694% | $2,161 |
| Cedar Park | City | 0.3600% | $2,105 |
| Austin Community College | special | 0.1034% | $605 |
| Williamson County FM/Rd | County | 0.0443% | $259 |
| Upper Brushy Creek WCID | Water | 0.0170% | $99 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,586 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $593,243 would pay approximately $3,703 per month (principal and interest only, excluding taxes and insurance).