506 SPRING ARBOR LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $411,677 and $839,342, with a best estimate of $441,560. 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
$441,560
$836,204
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 $411,677 and $839,342. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$432,381 for 1,255 sqft less living space and -$6,445 for being older. Net adjustment: -$438,826.
Adjusted -$259,428 for 753 sqft less living space and +$6,445 for being newer. Net adjustment: -$252,983.
Adjusted -$144,701 for 420 sqft less living space and -$6,445 for being older. Net adjustment: -$151,146.
Adjusted -$101,291 for 294 sqft less living space and +$3,223 for being newer. Net adjustment: -$98,068.
Adjusted -$300,082 for 871 sqft less living space. Net adjustment: -$300,082.
The Neighborhood
This home is valued 17.8% above the L305606D - Red Oaks N. of Little Elm median of $709,809. With 445 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 0.8% over the past year.
L305606D - Red Oaks N. of Little Elm
above averageThis home is +17.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $16,437 across all districts. With a homestead exemption claimed, that drops to $14,732 — saving $1,705 per year. That's $1,228 per month a buyer should budget. The assessed value increased +10.9% vs the subdivision average of +0.8%. This above-average increase gives a protest opportunity score of 80 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $9,018 |
| Williamson County | County | 0.3694% | $3,065 |
| Cedar Park | City | 0.3600% | $2,987 |
| Austin Community College | special | 0.1034% | $858 |
| Williamson County FM/Rd | County | 0.0443% | $368 |
| Upper Brushy Creek WCID | Water | 0.0170% | $141 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $16,437 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $441,560 would pay approximately $2,756 per month (principal and interest only, excluding taxes and insurance).