1503 COLBY LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $464,946 and $663,967, with a best estimate of $505,709. That places the property above the L369599E - Emarald Oaks median of $467,144, in a neighborhood that declined 13.6% over the past year.
Estimated Value Range
$505,709
$548,803
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 $464,946 and $663,967. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$72,797 for 317 sqft less living space and -$3,723 for being older. Net adjustment: -$76,520.
Adjusted +$184,403 for 803 sqft more living space and -$1,862 for being older. Net adjustment: +$182,541.
Adjusted +$919 for 4 sqft more living space and +$1,862 for being newer. Net adjustment: +$2,781.
Adjusted +$94,613 for 412 sqft more living space and -$3,723 for being older. Net adjustment: +$90,890.
Adjusted +$102,880 for 448 sqft more living space and +$1,862 for being newer. Net adjustment: +$104,742.
The Neighborhood
This home is valued 17.5% above the L369599E - Emarald Oaks median of $467,144. With 373 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 13.6% over the past year.
L369599E - Emarald Oaks
above averageThis home is +17.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,872 across all districts. With a homestead exemption claimed, that drops to $9,229 — saving $1,643 per year. That's $769 per month a buyer should budget. The assessed value increased -4.2% vs the subdivision average of -13.6%. This above-average increase gives a protest opportunity score of 47 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $5,965 |
| Williamson County | County | 0.3694% | $2,028 |
| Cedar Park | City | 0.3600% | $1,976 |
| Austin Community College | special | 0.1034% | $567 |
| Williamson County FM/Rd | County | 0.0443% | $243 |
| Upper Brushy Creek WCID | Water | 0.0170% | $93 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $10,872 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $505,709 would pay approximately $3,157 per month (principal and interest only, excluding taxes and insurance).