118 OAKMONT FOREST DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $300,340 and $534,097, with a best estimate of $325,649. That places the property below the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$325,649
$616,089
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L369599E - Emarald Oaks, this home's estimated market value is between $300,340 and $534,097. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$134,571 for 586 sqft less living space and +$3,723 for being newer. Net adjustment: -$130,848.
Adjusted -$141,230 for 615 sqft less living space. Net adjustment: -$141,230.
Adjusted -$79,456 for 346 sqft less living space and +$1,862 for being newer. Net adjustment: -$77,594.
Adjusted -$22,275 for 97 sqft less living space and +$1,862 for being newer. Net adjustment: -$20,413.
Adjusted -$196,574 for 856 sqft less living space and +$1,862 for being newer. Net adjustment: -$194,712.
The Neighborhood
This home is valued 31.9% 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
above averageThis home is +31.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $12,205 across all districts. With a homestead exemption claimed, that drops to $10,548 — saving $1,657 per year. That's $879 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% | $6,696 |
| Williamson County | County | 0.3694% | $2,276 |
| Cedar Park | City | 0.3600% | $2,218 |
| Austin Community College | special | 0.1034% | $637 |
| Williamson County FM/Rd | County | 0.0443% | $273 |
| Upper Brushy Creek WCID | Water | 0.0170% | $105 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $12,205 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $325,649 would pay approximately $2,033 per month (principal and interest only, excluding taxes and insurance).