1311 NEW HOPE DR W, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $-13,077 and $382,444, with a best estimate of $246,578. That places the property below the L010D82C - Leander Williamson Abstracts le 20 Acres median of $755,063, in a neighborhood that declined 25.0% over the past year.
Estimated Value Range
$246,578
$501,546
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 $-13,077 and $382,444. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$103,840 for 318 sqft less living space and -$5,438 for being older. Net adjustment: -$109,278.
Adjusted -$209,313 for 641 sqft less living space and -$27,191 for being older. Net adjustment: -$236,504.
Adjusted -$1,306 for 4 sqft less living space and -$32,629 for being older. Net adjustment: -$33,935.
Adjusted +$117,555 for 360 sqft more living space and +$103,326 for being newer. Net adjustment: +$220,881.
Adjusted -$13,715 for 42 sqft less living space and -$81,573 for being older. Net adjustment: -$95,288.
The Neighborhood
This home is valued 33.6% below the L010D82C - Leander Williamson Abstracts le 20 Acres median of $755,063. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 25.0% over the past year.
L010D82C - Leander Williamson Abstracts le 20 Acres
below averageThis home is -33.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,274 across all districts. With a homestead exemption claimed, that drops to $3,685 — saving $1,589 per year. That's $307 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% | $2,893 |
| Williamson County | County | 0.3694% | $983 |
| Cedar Park | City | 0.3600% | $958 |
| Austin Community College | special | 0.1034% | $275 |
| Williamson County FM/Rd | County | 0.0443% | $118 |
| Upper Brushy Creek WCID | Water | 0.0170% | $45 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $5,274 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $246,578 would pay approximately $1,539 per month (principal and interest only, excluding taxes and insurance).