2400 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $285,168 and $387,894, with a best estimate of $328,757. 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
$328,757
$316,182
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 $285,168 and $387,894. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$44,717 for 194 sqft more living space. Net adjustment: +$44,717.
Adjusted -$36,188 for 157 sqft less living space and +$6,252 for being newer. Net adjustment: -$29,936.
Adjusted -$11,525 for 50 sqft less living space and +$18,757 for being newer. Net adjustment: +$7,232.
Adjusted -$71,685 for 311 sqft less living space and -$31,262 for being older. Net adjustment: -$102,947.
Adjusted +$25,355 for 110 sqft more living space and +$6,252 for being newer. Net adjustment: +$31,607.
The Neighborhood
This home is valued 10.9% 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
typicalThis home is -10.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,264 across all districts. With a homestead exemption claimed, that drops to $4,666 — saving $1,598 per year. That's $389 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% | $3,437 |
| Williamson County | County | 0.3694% | $1,168 |
| Cedar Park | City | 0.3600% | $1,138 |
| Austin Community College | special | 0.1034% | $327 |
| Williamson County FM/Rd | County | 0.0443% | $140 |
| Upper Brushy Creek WCID | Water | 0.0170% | $54 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,264 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $328,757 would pay approximately $2,052 per month (principal and interest only, excluding taxes and insurance).