1503 OAK TREE LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $495,893 and $993,380, with a best estimate of $580,840. 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
$580,840
$561,025
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 $495,893 and $993,380. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$12,403 for 36 sqft less living space. Net adjustment: -$12,403.
Adjusted +$29,974 for 87 sqft more living space and +$3,223 for being newer. Net adjustment: +$33,197.
Adjusted -$103,358 for 300 sqft less living space. Net adjustment: -$103,358.
Adjusted +$146,768 for 426 sqft more living space. Net adjustment: +$146,768.
Adjusted +$317,998 for 923 sqft more living space. Net adjustment: +$317,998.
The Neighborhood
This home is valued 21.0% 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 -21.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $11,114 across all districts. With a homestead exemption claimed, that drops to $9,469 — saving $1,645 per year. That's $789 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% | $6,098 |
| Williamson County | County | 0.3694% | $2,073 |
| Cedar Park | City | 0.3600% | $2,020 |
| Austin Community College | special | 0.1034% | $580 |
| Williamson County FM/Rd | County | 0.0443% | $249 |
| Upper Brushy Creek WCID | Water | 0.0170% | $95 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $11,114 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $580,840 would pay approximately $3,626 per month (principal and interest only, excluding taxes and insurance).