2306 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $232,697 and $379,595, with a best estimate of $280,992. 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
$280,992
$304,883
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $232,697 and $379,595. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$37,110 for 161 sqft more living space and -$56,272 for being older. Net adjustment: -$19,162.
Adjusted -$19,131 for 83 sqft less living space and -$37,515 for being older. Net adjustment: -$56,646.
Adjusted +$56,703 for 246 sqft more living space and -$56,272 for being older. Net adjustment: +$431.
Adjusted +$45,869 for 199 sqft more living space. Net adjustment: +$45,869.
Adjusted +$1,152 for 5 sqft more living space and -$68,777 for being older. Net adjustment: -$67,625.
The Neighborhood
This home is valued 14.1% 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 -14.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,040 across all districts. With a homestead exemption claimed, that drops to $4,444 — saving $1,596 per year. That's $370 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% | $3,314 |
| Williamson County | County | 0.3694% | $1,126 |
| Cedar Park | City | 0.3600% | $1,098 |
| Austin Community College | special | 0.1034% | $315 |
| Williamson County FM/Rd | County | 0.0443% | $135 |
| Upper Brushy Creek WCID | Water | 0.0170% | $52 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,040 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $280,992 would pay approximately $1,754 per month (principal and interest only, excluding taxes and insurance).