500 SPRING ARBOR LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $522,593 and $934,272, with a best estimate of $739,927. That places the property above 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
$739,927
$937,410
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 $522,593 and $934,272. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$125,408 for 364 sqft less living space and -$12,891 for being older. Net adjustment: -$138,299.
Adjusted +$101,291 for 294 sqft more living space and -$3,223 for being older. Net adjustment: +$98,068.
Adjusted -$158,138 for 459 sqft less living space and +$3,223 for being newer. Net adjustment: -$154,915.
Adjusted -$43,410 for 126 sqft less living space and -$9,668 for being older. Net adjustment: -$53,078.
Adjusted -$198,792 for 577 sqft less living space and -$3,223 for being older. Net adjustment: -$202,015.
The Neighborhood
This home is valued 32.1% 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 +32.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $18,571 across all districts. With a homestead exemption claimed, that drops to $16,842 — saving $1,729 per year. That's $1,404 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% | $10,189 |
| Williamson County | County | 0.3694% | $3,463 |
| Cedar Park | City | 0.3600% | $3,375 |
| Austin Community College | special | 0.1034% | $969 |
| Williamson County FM/Rd | County | 0.0443% | $416 |
| Upper Brushy Creek WCID | Water | 0.0170% | $159 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $18,571 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $739,927 would pay approximately $4,619 per month (principal and interest only, excluding taxes and insurance).