505 CEDAR PARK DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $343,661 and $775,944, with a best estimate of $471,020. That places the property below the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775, in a neighborhood that declined 6.2% over the past year.
Estimated Value Range
$471,020
$672,353
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in L321D72G - Cedar Park Ranchettes/Forest Park. The estimated range of $343,661 and $775,944 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$112,168 for 397 sqft less living space and -$38,593 for being older. Net adjustment: -$150,761.
Adjusted +$93,238 for 330 sqft more living space and +$27,566 for being newer. Net adjustment: +$120,804.
Adjusted +$32,209 for 114 sqft more living space and -$20,215 for being older. Net adjustment: +$11,994.
Adjusted +$100,301 for 355 sqft more living space and -$1,838 for being older. Net adjustment: +$98,463.
Adjusted +$20,625 for 73 sqft more living space and -$22,053 for being older. Net adjustment: -$1,428.
The Neighborhood
This home is valued 35.6% above the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775. With 247 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 6.2% over the past year.
L321D72G - Cedar Park Ranchettes/Forest Park
above averageThis home is +35.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $13,320 across all districts. With a homestead exemption claimed, that drops to $11,650 — saving $1,670 per year. That's $971 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% | $7,308 |
| Williamson County | County | 0.3694% | $2,484 |
| Cedar Park | City | 0.3600% | $2,420 |
| Austin Community College | special | 0.1034% | $695 |
| Williamson County FM/Rd | County | 0.0443% | $298 |
| Upper Brushy Creek WCID | Water | 0.0170% | $114 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $13,320 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $471,020 would pay approximately $2,940 per month (principal and interest only, excluding taxes and insurance).