2308 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $219,009 and $245,487, with a best estimate of $234,438. That places the property below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028, in a neighborhood that declined 3.4% over the past year.
Estimated Value Range
$234,438
$333,726
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L251496F - GANN RANCH SEC 1 & 2, this home's estimated market value is between $219,009 and $245,487. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$8,759 for 38 sqft less living space and -$56,272 for being older. Net adjustment: -$65,031.
Adjusted -$65,001 for 282 sqft less living space and -$37,515 for being older. Net adjustment: -$102,516.
Adjusted +$10,833 for 47 sqft more living space and -$56,272 for being older. Net adjustment: -$45,439.
Adjusted -$8,759 for 38 sqft less living space and -$56,272 for being older. Net adjustment: -$65,031.
Adjusted -$26,738 for 116 sqft less living space and -$62,524 for being older. Net adjustment: -$89,262.
The Neighborhood
This home is valued 6.0% below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.4% over the past year.
L251496F - GANN RANCH SEC 1 & 2
typicalThis home is -6.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,611 across all districts. With a homestead exemption claimed, that drops to $5,010 — saving $1,601 per year. That's $418 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% | $3,627 |
| Williamson County | County | 0.3694% | $1,233 |
| Cedar Park | City | 0.3600% | $1,201 |
| Austin Community College | special | 0.1034% | $345 |
| Williamson County FM/Rd | County | 0.0443% | $148 |
| Upper Brushy Creek WCID | Water | 0.0170% | $57 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,611 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $234,438 would pay approximately $1,463 per month (principal and interest only, excluding taxes and insurance).