1605 MICHAEL ROBERT WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $394,747 and $669,829, with a best estimate of $529,809. 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
$529,809
$443,897
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9, this home's estimated market value is between $394,747 and $669,829. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$91,917 for 358 sqft less living space and +$3,767 for being newer. Net adjustment: -$88,150.
Adjusted +$86,782 for 338 sqft more living space. Net adjustment: +$86,782.
Adjusted +$72,404 for 282 sqft more living space. Net adjustment: +$72,404.
Adjusted -$17,459 for 68 sqft less living space. Net adjustment: -$17,459.
Adjusted +$10,784 for 42 sqft more living space. Net adjustment: +$10,784.
The Neighborhood
This home is valued 23.3% 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 -23.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,794 across all districts. With a homestead exemption claimed, that drops to $7,172 — saving $1,622 per year. That's $598 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% | $4,825 |
| Williamson County | County | 0.3694% | $1,640 |
| Cedar Park | City | 0.3600% | $1,598 |
| Austin Community College | special | 0.1034% | $459 |
| Williamson County FM/Rd | County | 0.0443% | $197 |
| Upper Brushy Creek WCID | Water | 0.0170% | $75 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,794 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $529,809 would pay approximately $3,307 per month (principal and interest only, excluding taxes and insurance).