1506 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $463,547 and $541,442, with a best estimate of $526,380. That places the property above the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$526,380
$531,026
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in L369599E - Emarald Oaks. The estimated range of $463,547 and $541,442 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$62,004 for 270 sqft more living space. Net adjustment: +$62,004.
Adjusted +$22,505 for 98 sqft more living space. Net adjustment: +$22,505.
Adjusted +$49,373 for 215 sqft more living space and -$3,723 for being older. Net adjustment: +$45,650.
Adjusted +$77,390 for 337 sqft more living space and +$1,862 for being newer. Net adjustment: +$79,252.
Adjusted +$103,569 for 451 sqft more living space and +$5,585 for being newer. Net adjustment: +$109,154.
The Neighborhood
This home is valued 13.7% above the L369599E - Emarald Oaks median of $467,144. With 373 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 13.6% over the past year.
L369599E - Emarald Oaks
typicalThis home is +13.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,520 across all districts. With a homestead exemption claimed, that drops to $8,881 — saving $1,639 per year. That's $740 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% | $5,772 |
| Williamson County | County | 0.3694% | $1,962 |
| Cedar Park | City | 0.3600% | $1,912 |
| Austin Community College | special | 0.1034% | $549 |
| Williamson County FM/Rd | County | 0.0443% | $235 |
| Upper Brushy Creek WCID | Water | 0.0170% | $90 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $10,520 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $526,380 would pay approximately $3,286 per month (principal and interest only, excluding taxes and insurance).