1606 MICHAEL ROBERT WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $329,276 and $604,357, with a best estimate of $464,337. That places the property below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451, in a neighborhood that declined 8.7% over the past year.
Estimated Value Range
$464,337
$420,677
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9, this home's estimated market value is between $329,276 and $604,357. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$157,388 for 613 sqft less living space and +$3,767 for being newer. Net adjustment: -$153,621.
Adjusted +$21,310 for 83 sqft more living space. Net adjustment: +$21,310.
Adjusted +$6,932 for 27 sqft more living space. Net adjustment: +$6,932.
Adjusted -$82,931 for 323 sqft less living space. Net adjustment: -$82,931.
Adjusted -$65,471 for 255 sqft less living space. Net adjustment: -$65,471.
The Neighborhood
This home is valued 27.3% below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.7% over the past year.
L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9
below averageThis home is -27.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,334 across all districts. With a homestead exemption claimed, that drops to $6,717 — saving $1,617 per year. That's $560 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% | $4,572 |
| Williamson County | County | 0.3694% | $1,554 |
| Cedar Park | City | 0.3600% | $1,514 |
| Austin Community College | special | 0.1034% | $435 |
| Williamson County FM/Rd | County | 0.0443% | $186 |
| Upper Brushy Creek WCID | Water | 0.0170% | $72 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,334 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $464,337 would pay approximately $2,898 per month (principal and interest only, excluding taxes and insurance).