502 SPRING ARBOR LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $762,625 and $814,514, with a best estimate of $776,509. That places the property above 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
$776,509
$816,698
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 $762,625 and $814,514. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$77,174 for 224 sqft less living space and -$9,668 for being older. Net adjustment: -$86,842.
Adjusted +$95,778 for 278 sqft more living space and +$3,223 for being newer. Net adjustment: +$99,001.
Adjusted +$26,529 for 77 sqft more living space. Net adjustment: +$26,529.
Adjusted +$1,378 for 4 sqft more living space. Net adjustment: +$1,378.
Adjusted +$55,124 for 160 sqft more living space and -$3,223 for being older. Net adjustment: +$51,901.
The Neighborhood
This home is valued 15.1% above the L305606D - Red Oaks N. of Little Elm median of $709,809. With 445 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 0.8% over the past year.
L305606D - Red Oaks N. of Little Elm
above averageThis home is +15.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $16,179 across all districts. With a homestead exemption claimed, that drops to $14,477 — saving $1,702 per year. That's $1,206 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% | $8,877 |
| Williamson County | County | 0.3694% | $3,017 |
| Cedar Park | City | 0.3600% | $2,940 |
| Austin Community College | special | 0.1034% | $844 |
| Williamson County FM/Rd | County | 0.0443% | $362 |
| Upper Brushy Creek WCID | Water | 0.0170% | $139 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $16,179 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $776,509 would pay approximately $4,847 per month (principal and interest only, excluding taxes and insurance).