405 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $187,820 and $300,743, with a best estimate of $273,500. 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
$273,500
$232,002
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 $187,820 and $300,743. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$40,450 for 241 sqft more living space and -$11,383 for being older. Net adjustment: +$29,067.
Adjusted -$146,861 for 875 sqft less living space and -$2,277 for being older. Net adjustment: -$149,138.
Adjusted +$53,877 for 321 sqft more living space and -$43,256 for being older. Net adjustment: +$10,621.
Adjusted +$56,059 for 334 sqft more living space and -$9,107 for being older. Net adjustment: +$46,952.
Adjusted -$16,616 for 99 sqft less living space and -$2,277 for being older. Net adjustment: -$18,893.
The Neighborhood
This home is valued 4.1% 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 -4.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,825 across all districts. With a homestead exemption claimed, that drops to $3,292 — saving $1,533 per year. That's $274 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% | $2,468 |
| Taylor | City | 0.5850% | $1,357 |
| Williamson County | County | 0.3694% | $857 |
| Williamson County FM/Rd | County | 0.0443% | $103 |
| Lower Brushy Creek WCID | Water | 0.0169% | $39 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,825 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $273,500 would pay approximately $1,707 per month (principal and interest only, excluding taxes and insurance).