1502 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $399,634 and $621,497, with a best estimate of $549,818. That places the property above the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$549,818
$419,908
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in L369599E - Emarald Oaks. The estimated range of $399,634 and $621,497 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$51,440 for 224 sqft more living space and +$1,862 for being newer. Net adjustment: +$53,302.
Adjusted +$73,486 for 320 sqft more living space. Net adjustment: +$73,486.
Adjusted +$27,787 for 121 sqft more living space. Net adjustment: +$27,787.
Adjusted +$74,864 for 326 sqft more living space. Net adjustment: +$74,864.
Adjusted +$67,515 for 294 sqft more living space and -$5,585 for being older. Net adjustment: +$61,930.
The Neighborhood
This home is valued 10.1% below the L369599E - Emarald Oaks median of $467,144. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 13.6% over the past year.
L369599E - Emarald Oaks
typicalThis home is -10.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,319 across all districts. With a homestead exemption claimed, that drops to $6,701 — saving $1,618 per year. That's $558 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% | $4,564 |
| Williamson County | County | 0.3694% | $1,551 |
| Cedar Park | City | 0.3600% | $1,512 |
| Austin Community College | special | 0.1034% | $434 |
| Williamson County FM/Rd | County | 0.0443% | $186 |
| Upper Brushy Creek WCID | Water | 0.0170% | $71 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,319 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $549,818 would pay approximately $3,432 per month (principal and interest only, excluding taxes and insurance).