506 ROYAL LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $459,444 and $694,013, with a best estimate of $471,519. That places the property below the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775, in a neighborhood that declined 6.2% over the past year.
Estimated Value Range
$471,519
$641,617
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in L321D72G - Cedar Park Ranchettes/Forest Park. The estimated range of $459,444 and $694,013 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$40,403 for 143 sqft more living space and +$29,404 for being newer. Net adjustment: +$69,807.
Adjusted -$159,634 for 565 sqft less living space and +$14,702 for being newer. Net adjustment: -$144,932.
Adjusted +$43,793 for 155 sqft more living space and +$40,430 for being newer. Net adjustment: +$84,223.
Adjusted +$38,143 for 135 sqft more living space and +$18,377 for being newer. Net adjustment: +$56,520.
Adjusted +$72,895 for 258 sqft more living space and +$34,917 for being newer. Net adjustment: +$107,812.
The Neighborhood
This home is valued 29.4% above the L321D72G - Cedar Park Ranchettes/Forest Park median of $495,775. With 247 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 6.2% over the past year.
L321D72G - Cedar Park Ranchettes/Forest Park
above averageThis home is +29.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $12,711 across all districts. With a homestead exemption claimed, that drops to $11,048 — saving $1,663 per year. That's $921 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% | $6,974 |
| Williamson County | County | 0.3694% | $2,370 |
| Cedar Park | City | 0.3600% | $2,310 |
| Austin Community College | special | 0.1034% | $663 |
| Williamson County FM/Rd | County | 0.0443% | $284 |
| Upper Brushy Creek WCID | Water | 0.0170% | $109 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $12,711 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $471,519 would pay approximately $2,943 per month (principal and interest only, excluding taxes and insurance).