2305 NEW HOPE SPUR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $260,561 and $379,165, with a best estimate of $264,448. That places the property below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028, in a neighborhood that declined 3.4% over the past year.
Estimated Value Range
$264,448
$290,926
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $260,561 and $379,165. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$19,592 for 85 sqft less living space. Net adjustment: -$19,592.
Adjusted -$75,834 for 329 sqft less living space and +$18,757 for being newer. Net adjustment: -$57,077.
Adjusted -$38,954 for 169 sqft less living space and +$6,252 for being newer. Net adjustment: -$32,702.
Adjusted -$10,833 for 47 sqft less living space and +$56,272 for being newer. Net adjustment: +$45,439.
Adjusted -$27,199 for 118 sqft less living space and +$6,252 for being newer. Net adjustment: -$20,947.
The Neighborhood
This home is valued 18.1% below the L251496F - GANN RANCH SEC 1 & 2 median of $355,028. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.4% over the past year.
L251496F - GANN RANCH SEC 1 & 2
below averageThis home is -18.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,763 across all districts. With a homestead exemption claimed, that drops to $4,170 — saving $1,593 per year. That's $348 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% | $3,162 |
| Williamson County | County | 0.3694% | $1,075 |
| Cedar Park | City | 0.3600% | $1,047 |
| Austin Community College | special | 0.1034% | $301 |
| Williamson County FM/Rd | County | 0.0443% | $129 |
| Upper Brushy Creek WCID | Water | 0.0170% | $49 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $5,763 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $264,448 would pay approximately $1,651 per month (principal and interest only, excluding taxes and insurance).