700 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $198,489 and $311,412, with a best estimate of $284,168. That places the property above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$284,168
$309,311
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $198,489 and $311,412. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$48,842 for 291 sqft more living space and -$9,107 for being older. Net adjustment: +$39,735.
Adjusted -$138,469 for 825 sqft less living space. Net adjustment: -$138,469.
Adjusted +$62,269 for 371 sqft more living space and -$40,980 for being older. Net adjustment: +$21,289.
Adjusted +$64,451 for 384 sqft more living space and -$6,830 for being older. Net adjustment: +$57,621.
Adjusted -$8,224 for 49 sqft less living space. Net adjustment: -$8,224.
The Neighborhood
This home is valued 27.9% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
above averageThis home is +27.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,432 across all districts. With a homestead exemption claimed, that drops to $4,886 — saving $1,546 per year. That's $407 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 |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $3,290 |
| Taylor | City | 0.5850% | $1,809 |
| Williamson County | County | 0.3694% | $1,143 |
| Williamson County FM/Rd | County | 0.0443% | $137 |
| Lower Brushy Creek WCID | Water | 0.0169% | $52 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $6,432 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $284,168 would pay approximately $1,774 per month (principal and interest only, excluding taxes and insurance).