1506 OLD MILL RD, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $490,217 and $615,277, with a best estimate of $497,421. That places the property above the L370598E - LAKELINE OAKS, HUNTER GLEN, CYPRESS MILL median of $490,420, in a neighborhood that declined 4.2% over the past year.
Estimated Value Range
$497,421
$483,859
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L370598E - LAKELINE OAKS, HUNTER GLEN, CYPRESS MILL, this home's estimated market value is between $490,217 and $615,277. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$49,816 for 185 sqft more living space. Net adjustment: +$49,816.
Adjusted -$86,438 for 321 sqft less living space and -$4,224 for being older and -$61,475 for no pool. Net adjustment: -$152,137.
Adjusted -$72,974 for 271 sqft less living space and -$4,224 for being older. Net adjustment: -$77,198.
Adjusted -$54,394 for 202 sqft less living space and +$8,448 for being newer. Net adjustment: -$45,946.
Adjusted -$53,317 for 198 sqft less living space and +$8,448 for being newer. Net adjustment: -$44,869.
The Neighborhood
This home is valued 1.3% below the L370598E - LAKELINE OAKS, HUNTER GLEN, CYPRESS MILL median of $490,420. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.2% over the past year.
L370598E - LAKELINE OAKS, HUNTER GLEN, CYPRESS MILL
typicalThis home is -1.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,167 across all districts. With a homestead exemption claimed, that drops to $7,556 — saving $1,611 per year. That's $630 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% | $5,259 |
| Williamson County | County | 0.3694% | $1,788 |
| Williamson/Travis MUD #1 | MUD | 0.2734% | $1,323 |
| Austin Community College | special | 0.1034% | $500 |
| Williamson County FM/Rd | County | 0.0443% | $214 |
| Upper Brushy Creek WCID | Water | 0.0170% | $82 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8945% | $9,167 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $497,421 would pay approximately $3,105 per month (principal and interest only, excluding taxes and insurance).