602 SPRING ARBOR LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $562,823 and $990,488, with a best estimate of $793,006. 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
$793,006
$924,530
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 $562,823 and $990,488. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$81,997 for 238 sqft less living space and -$3,223 for being older. Net adjustment: -$85,220.
Adjusted +$144,701 for 420 sqft more living space and +$6,445 for being newer. Net adjustment: +$151,146.
Adjusted -$287,680 for 835 sqft less living space. Net adjustment: -$287,680.
Adjusted -$114,727 for 333 sqft less living space and +$12,891 for being newer. Net adjustment: -$101,836.
Adjusted +$43,410 for 126 sqft more living space and +$9,668 for being newer. Net adjustment: +$53,078.
The Neighborhood
This home is valued 30.3% 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 +30.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $18,316 across all districts. With a homestead exemption claimed, that drops to $16,590 — saving $1,726 per year. That's $1,383 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% | $10,049 |
| Williamson County | County | 0.3694% | $3,416 |
| Cedar Park | City | 0.3600% | $3,328 |
| Austin Community College | special | 0.1034% | $956 |
| Williamson County FM/Rd | County | 0.0443% | $410 |
| Upper Brushy Creek WCID | Water | 0.0170% | $157 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $18,316 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $793,006 would pay approximately $4,950 per month (principal and interest only, excluding taxes and insurance).