1611 MICHAEL ROBERT WAY, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $525,983 and $757,979, with a best estimate of $617,959. That places the property above the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451, in a neighborhood that declined 8.7% over the past year.
Estimated Value Range
$617,959
$482,897
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9, this home's estimated market value is between $525,983 and $757,979. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$178,699 for 696 sqft more living space and -$3,767 for being older. Net adjustment: +$174,932.
Adjusted +$164,321 for 640 sqft more living space and -$3,767 for being older. Net adjustment: +$160,554.
Adjusted +$74,458 for 290 sqft more living space and -$3,767 for being older. Net adjustment: +$70,691.
Adjusted +$91,917 for 358 sqft more living space and -$3,767 for being older. Net adjustment: +$88,150.
Adjusted +$102,700 for 400 sqft more living space and -$3,767 for being older. Net adjustment: +$98,933.
The Neighborhood
This home is valued 16.5% below the L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9 median of $578,451. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.7% over the past year.
L315598D - Buttercup Creek Ph 4, Sec 3,4,6 & 9
below averageThis home is -16.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,567 across all districts. With a homestead exemption claimed, that drops to $7,938 — saving $1,629 per year. That's $662 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% | $5,249 |
| Williamson County | County | 0.3694% | $1,784 |
| Cedar Park | City | 0.3600% | $1,738 |
| Austin Community College | special | 0.1034% | $499 |
| Williamson County FM/Rd | County | 0.0443% | $214 |
| Upper Brushy Creek WCID | Water | 0.0170% | $82 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,567 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $617,959 would pay approximately $3,857 per month (principal and interest only, excluding taxes and insurance).