2402 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $304,385 and $367,408, with a best estimate of $324,385. 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
$324,385
$323,700
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 $304,385 and $367,408. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$17,979 for 78 sqft more living space and +$6,252 for being newer. Net adjustment: +$24,231.
Adjusted -$38,263 for 166 sqft less living space and +$25,010 for being newer. Net adjustment: -$13,253.
Adjusted -$98,423 for 427 sqft less living space and -$25,010 for being older. Net adjustment: -$123,433.
Adjusted -$1,383 for 6 sqft less living space and +$12,505 for being newer. Net adjustment: +$11,122.
Adjusted +$37,571 for 163 sqft more living space and +$6,252 for being newer. Net adjustment: +$43,823.
The Neighborhood
This home is valued 8.8% 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 -8.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,413 across all districts. With a homestead exemption claimed, that drops to $4,813 — saving $1,600 per year. That's $401 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% | $3,518 |
| Williamson County | County | 0.3694% | $1,196 |
| Cedar Park | City | 0.3600% | $1,165 |
| Austin Community College | special | 0.1034% | $335 |
| Williamson County FM/Rd | County | 0.0443% | $143 |
| Upper Brushy Creek WCID | Water | 0.0170% | $55 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,413 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $324,385 would pay approximately $2,025 per month (principal and interest only, excluding taxes and insurance).