512 SPRING ARBOR LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $664,660 and $1,089,187, with a best estimate of $894,843. 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
$894,843
$694,543
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 $664,660 and $1,089,187. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$32,730 for 95 sqft more living space and -$16,113 for being older. Net adjustment: +$16,617.
Adjusted +$259,428 for 753 sqft more living space and -$6,445 for being older. Net adjustment: +$252,983.
Adjusted -$172,952 for 502 sqft less living space and -$12,891 for being older. Net adjustment: -$185,843.
Adjusted +$114,727 for 333 sqft more living space and -$12,891 for being older. Net adjustment: +$101,836.
Adjusted -$69,250 for 201 sqft less living space and -$3,223 for being older. Net adjustment: -$72,473.
The Neighborhood
This home is valued 2.2% 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
typicalThis home is -2.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $13,759 across all districts. With a homestead exemption claimed, that drops to $12,084 — saving $1,675 per year. That's $1,007 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% | $7,549 |
| Williamson County | County | 0.3694% | $2,566 |
| Cedar Park | City | 0.3600% | $2,500 |
| Austin Community College | special | 0.1034% | $718 |
| Williamson County FM/Rd | County | 0.0443% | $308 |
| Upper Brushy Creek WCID | Water | 0.0170% | $118 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $13,759 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $894,843 would pay approximately $5,586 per month (principal and interest only, excluding taxes and insurance).