505 RIVERWOOD DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $306,300 and $340,546, with a best estimate of $325,266. That places the property below the L318589F - Buttercup Creek median of $386,028, in a neighborhood that declined 2.8% over the past year.
Estimated Value Range
$325,266
$324,694
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L318589F - Buttercup Creek, this home's estimated market value is between $306,300 and $340,546. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$15,308 for 56 sqft more living space. Net adjustment: +$15,308.
Adjusted +$22,688 for 83 sqft more living space. Net adjustment: +$22,688.
Adjusted -$27,608 for 101 sqft less living space. Net adjustment: -$27,608.
Adjusted -$27,608 for 101 sqft less living space. Net adjustment: -$27,608.
Adjusted +$2,460 for 9 sqft more living space. Net adjustment: +$2,460.
The Neighborhood
This home is valued 15.9% below the L318589F - Buttercup Creek median of $386,028. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 2.8% over the past year.
L318589F - Buttercup Creek
below averageThis home is -15.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,432 across all districts. With a homestead exemption claimed, that drops to $4,833 — saving $1,599 per year. That's $403 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% | $3,529 |
| Williamson County | County | 0.3694% | $1,200 |
| Cedar Park | City | 0.3600% | $1,169 |
| Austin Community College | special | 0.1034% | $336 |
| Williamson County FM/Rd | County | 0.0443% | $144 |
| Upper Brushy Creek WCID | Water | 0.0170% | $55 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,432 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $325,266 would pay approximately $2,030 per month (principal and interest only, excluding taxes and insurance).