401 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $229,402 and $282,587, with a best estimate of $255,343. That places the property above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$255,343
$234,733
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $229,402 and $282,587. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$10,910 for 65 sqft more living space. Net adjustment: +$10,910.
Adjusted +$24,337 for 145 sqft more living space and -$31,873 for being older. Net adjustment: -$7,536.
Adjusted +$26,519 for 158 sqft more living space and +$2,277 for being newer. Net adjustment: +$28,796.
Adjusted -$46,156 for 275 sqft less living space and +$9,107 for being newer. Net adjustment: -$37,049.
Adjusted -$11,917 for 71 sqft less living space and -$2,277 for being older. Net adjustment: -$14,194.
The Neighborhood
This home is valued 3.0% below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is -3.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,881 across all districts. With a homestead exemption claimed, that drops to $3,349 — saving $1,532 per year. That's $279 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 |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $2,497 |
| Taylor | City | 0.5850% | $1,373 |
| Williamson County | County | 0.3694% | $867 |
| Williamson County FM/Rd | County | 0.0443% | $104 |
| Lower Brushy Creek WCID | Water | 0.0169% | $40 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,881 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $255,343 would pay approximately $1,594 per month (principal and interest only, excluding taxes and insurance).