407 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $364,084 and $654,458, with a best estimate of $406,662. 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
$406,662
$271,354
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in T517364I - NORTH OF LAKE DR WEST OF 95. The estimated range of $364,084 and $654,458 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$13,595 for 81 sqft less living space and -$6,830 for being older and -$10,659 for no pool. Net adjustment: -$31,084.
Adjusted +$14,770 for 88 sqft more living space and -$4,553 for being older. Net adjustment: +$10,217.
Adjusted +$37,429 for 223 sqft more living space and -$13,660 for being older and +$26,028 for having a garage. Net adjustment: +$49,797.
Adjusted +$37,429 for 223 sqft more living space and -$13,660 for being older and +$26,028 for having a garage. Net adjustment: +$49,797.
Adjusted +$158,946 for 947 sqft more living space and -$4,553 for being older. Net adjustment: +$154,393.
The Neighborhood
This home is valued 12.2% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is +12.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $5,643 across all districts. With a homestead exemption claimed, that drops to $4,103 — saving $1,540 per year. That's $342 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% | $2,887 |
| Taylor | City | 0.5850% | $1,587 |
| Williamson County | County | 0.3694% | $1,003 |
| Williamson County FM/Rd | County | 0.0443% | $120 |
| Lower Brushy Creek WCID | Water | 0.0169% | $46 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $5,643 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $406,662 would pay approximately $2,538 per month (principal and interest only, excluding taxes and insurance).