704 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $196,133 and $239,575, with a best estimate of $206,402. That places the property below the T520255I - NORTH POINT - SMITH - BOHLS ADDITION median of $223,655, in a neighborhood that declined 10.0% over the past year.
Estimated Value Range
$206,402
$217,343
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T520255I - NORTH POINT - SMITH - BOHLS ADDITION, this home's estimated market value is between $196,133 and $239,575. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$12,549 for 76 sqft less living space and -$12,970 for no garage. Net adjustment: -$25,519.
Adjusted +$5,779 for 35 sqft more living space and -$12,970 for no garage. Net adjustment: -$7,191.
Adjusted +$1,651 for 10 sqft more living space and -$12,970 for no garage. Net adjustment: -$11,319.
Adjusted -$2,642 for 16 sqft less living space and +$10,080 for being newer and -$12,970 for no garage. Net adjustment: -$5,532.
Adjusted +$11,558 for 70 sqft more living space and -$12,970 for no garage. Net adjustment: -$1,412.
The Neighborhood
This home is valued 2.8% below the T520255I - NORTH POINT - SMITH - BOHLS ADDITION median of $223,655. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 10.0% over the past year.
T520255I - NORTH POINT - SMITH - BOHLS ADDITION
typicalThis home is -2.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,520 across all districts. With a homestead exemption claimed, that drops to $2,990 — saving $1,530 per year. That's $249 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% | $2,312 |
| Taylor | City | 0.5850% | $1,271 |
| Williamson County | County | 0.3694% | $803 |
| Williamson County FM/Rd | County | 0.0443% | $96 |
| Lower Brushy Creek WCID | Water | 0.0169% | $37 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,520 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $206,402 would pay approximately $1,288 per month (principal and interest only, excluding taxes and insurance).