1507 ORCHARD FALLS DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $448,293 and $965,685, with a best estimate of $944,450. 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
$944,450
$546,043
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 $448,293 and $965,685. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$260,462 for 756 sqft more living space. Net adjustment: +$260,462.
Adjusted -$95,434 for 277 sqft less living space and -$6,445 for being older. Net adjustment: -$101,879.
Adjusted +$264,252 for 767 sqft more living space and +$6,445 for being newer. Net adjustment: +$270,697.
Adjusted +$238,068 for 691 sqft more living space and +$9,668 for being newer. Net adjustment: +$247,736.
Adjusted -$147,802 for 429 sqft less living space and -$3,223 for being older. Net adjustment: -$151,025.
The Neighborhood
This home is valued 23.1% below the L305606D - Red Oaks N. of Little Elm median of $709,809. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 0.8% over the past year.
L305606D - Red Oaks N. of Little Elm
below averageThis home is -23.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $10,818 across all districts. With a homestead exemption claimed, that drops to $9,175 — saving $1,643 per year. That's $765 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% | $5,935 |
| Williamson County | County | 0.3694% | $2,017 |
| Cedar Park | City | 0.3600% | $1,966 |
| Austin Community College | special | 0.1034% | $565 |
| Williamson County FM/Rd | County | 0.0443% | $242 |
| Upper Brushy Creek WCID | Water | 0.0170% | $93 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $10,818 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $944,450 would pay approximately $5,895 per month (principal and interest only, excluding taxes and insurance).