1505 ORCHARD FALLS DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $574,704 and $797,970, with a best estimate of $693,500. That places the property below the L305606D - Red Oaks N. of Little Elm median of $709,809, in a neighborhood that appreciated 0.8% over the past year.
Estimated Value Range
$693,500
$601,934
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L305606D - Red Oaks N. of Little Elm, this home's estimated market value is between $574,704 and $797,970. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$147,457 for 428 sqft more living space. Net adjustment: +$147,457.
Adjusted +$52,023 for 151 sqft more living space and -$6,445 for being older. Net adjustment: +$45,578.
Adjusted -$54,091 for 157 sqft less living space and -$6,445 for being older. Net adjustment: -$60,536.
Adjusted -$345 for 1 sqft less living space and -$3,223 for being older. Net adjustment: -$3,568.
Adjusted +$25,495 for 74 sqft more living space and +$6,445 for being newer. Net adjustment: +$31,940.
The Neighborhood
This home is valued 15.2% below the L305606D - Red Oaks N. of Little Elm median of $709,809. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 0.8% over the past year.
L305606D - Red Oaks N. of Little Elm
below averageThis home is -15.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $11,925 across all districts. With a homestead exemption claimed, that drops to $10,270 — saving $1,655 per year. That's $856 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% | $6,542 |
| Williamson County | County | 0.3694% | $2,224 |
| Cedar Park | City | 0.3600% | $2,167 |
| Austin Community College | special | 0.1034% | $622 |
| Williamson County FM/Rd | County | 0.0443% | $267 |
| Upper Brushy Creek WCID | Water | 0.0170% | $102 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,925 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $693,500 would pay approximately $4,329 per month (principal and interest only, excluding taxes and insurance).