1506 COLTON WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $363,653 and $483,159, with a best estimate of $459,714. That places the property below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451, in a neighborhood that declined 8.7% over the past year.
Estimated Value Range
$459,714
$478,322
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $363,653 and $483,159. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$17,202 for 67 sqft more living space and +$3,767 for being newer. Net adjustment: +$20,969.
Adjusted -$44,161 for 172 sqft less living space. Net adjustment: -$44,161.
Adjusted -$14,121 for 55 sqft less living space and -$7,533 for being older. Net adjustment: -$21,654.
Adjusted -$236,981 for 923 sqft less living space and -$37,665 for being older. Net adjustment: -$274,646.
Adjusted -$69,323 for 270 sqft less living space. Net adjustment: -$69,323.
The Neighborhood
This home is valued 17.3% below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.7% over the past year.
L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9
below averageThis home is -17.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,476 across all districts. With a homestead exemption claimed, that drops to $7,848 — saving $1,628 per year. That's $654 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% | $5,199 |
| Williamson County | County | 0.3694% | $1,767 |
| Cedar Park | City | 0.3600% | $1,722 |
| Austin Community College | special | 0.1034% | $495 |
| Williamson County FM/Rd | County | 0.0443% | $212 |
| Upper Brushy Creek WCID | Water | 0.0170% | $81 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,476 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $459,714 would pay approximately $2,870 per month (principal and interest only, excluding taxes and insurance).