1507 OAK TREE LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $462,696 and $960,183, with a best estimate of $539,244. That places the property below 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
$539,244
$547,643
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 $462,696 and $960,183. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$42,377 for 123 sqft less living space and -$3,223 for being older. Net adjustment: -$45,600.
Adjusted -$133,332 for 387 sqft less living space and -$3,223 for being older. Net adjustment: -$136,555.
Adjusted +$116,794 for 339 sqft more living space and -$3,223 for being older. Net adjustment: +$113,571.
Adjusted -$29,974 for 87 sqft less living space and -$3,223 for being older. Net adjustment: -$33,197.
Adjusted +$288,024 for 836 sqft more living space and -$3,223 for being older. Net adjustment: +$284,801.
The Neighborhood
This home is valued 22.8% 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 -22.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $10,849 across all districts. With a homestead exemption claimed, that drops to $9,207 — saving $1,642 per year. That's $767 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% | $5,952 |
| Williamson County | County | 0.3694% | $2,023 |
| Cedar Park | City | 0.3600% | $1,972 |
| Austin Community College | special | 0.1034% | $566 |
| Williamson County FM/Rd | County | 0.0443% | $243 |
| Upper Brushy Creek WCID | Water | 0.0170% | $93 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $10,849 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $539,244 would pay approximately $3,366 per month (principal and interest only, excluding taxes and insurance).