305 WATER OAK DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $706,765 and $1,049,430, with a best estimate of $937,351. That places the property above the L526504D - FOREST OAKS SEC 12 & 14 median of $595,466, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$937,351
$656,962
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in L526504D - FOREST OAKS SEC 12 & 14. The estimated range of $706,765 and $1,049,430 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$277,930 for 877 sqft more living space and -$41,728 for being older. Net adjustment: +$236,202.
Adjusted -$93,488 for 295 sqft less living space and -$141,877 for being older and -$52,548 for no pool. Net adjustment: -$287,913.
Adjusted +$308,670 for 974 sqft more living space and -$83,457 for being older. Net adjustment: +$225,213.
Adjusted +$146,729 for 463 sqft more living space and -$83,457 for being older. Net adjustment: +$63,272.
Adjusted +$198,702 for 627 sqft more living space and -$58,420 for being older. Net adjustment: +$140,282.
The Neighborhood
This home is valued 10.3% above the L526504D - FOREST OAKS SEC 12 & 14 median of $595,466. With 1,138 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 4.3% over the past year.
L526504D - FOREST OAKS SEC 12 & 14
typicalThis home is +10.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $13,015 across all districts. With a homestead exemption claimed, that drops to $11,348 — saving $1,667 per year. That's $946 per month a buyer should budget. The assessed value increased +2.0% vs the subdivision average of -4.3%. This above-average increase gives a protest opportunity score of 32 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $7,141 |
| Williamson County | County | 0.3694% | $2,427 |
| Cedar Park | City | 0.3600% | $2,365 |
| Austin Community College | special | 0.1034% | $679 |
| Williamson County FM/Rd | County | 0.0443% | $291 |
| Upper Brushy Creek WCID | Water | 0.0170% | $112 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $13,015 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $937,351 would pay approximately $5,851 per month (principal and interest only, excluding taxes and insurance).