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121 CERRO PICACHO TRL, LIBERTY HILL, TX 78642

LIBERTY HILL, 78642 — williamson County

4 bed3 bath3,030 sqftBuilt 2016

Property at a Glance

This home is estimated between $751,710 and $882,012, with a best estimate of $815,739. That places the property below the I460514C - RANCHO SANTA FE / ESTATES AT STONEWALL RANCH median of $840,397, in a neighborhood that declined 3.6% over the past year.

Estimated Value Range

$751,710 $882,012
Best Estimate
$815,739
WCAD Value
$768,183
High Confidence

Based on 5 comparable properties(5 in the same subdivision)

Based on 5 comparable properties in I460514C - RANCHO SANTA FE / ESTATES AT STONEWALL RANCH, this home's estimated market value is between $751,710 and $882,012. All 5 comparables are in the same subdivision, giving this estimate high confidence.

Comparable Properties (5)

121 OCATE MESA TRL, LIBERTY HILL, TX 78642
0.00 mi 100% similar Same subdivision
4 bed 3 bath 3,388 sqft Built 2019
Raw Value $920,460
Adjusted Value $815,739

Adjusted -$94,236 for 358 sqft less living space and -$10,485 for being older. Net adjustment: -$104,721.

117 CERRO PICACHO TRL, LIBERTY HILL, TX 78642
0.01 mi 100% similar Same subdivision
4 bed 3 bath 3,499 sqft Built 2016
Raw Value $875,165
Adjusted Value $751,710

Adjusted -$123,455 for 469 sqft less living space. Net adjustment: -$123,455.

117 OCATE MESA TRL, LIBERTY HILL, TX 78642
0.01 mi 100% similar Same subdivision
4 bed 3 bath 3,132 sqft Built 2017
Raw Value $904,518
Adjusted Value $874,174

Adjusted -$26,849 for 102 sqft less living space and -$3,495 for being older. Net adjustment: -$30,344.

129 OCATE MESA TRL, LIBERTY HILL, TX 78642
0.02 mi 100% similar Same subdivision
4 bed 3 bath 3,444 sqft Built 2018
Raw Value $899,177
Adjusted Value $783,210

Adjusted -$108,977 for 414 sqft less living space and -$6,990 for being older. Net adjustment: -$115,967.

112 OCATE MESA TRL, LIBERTY HILL, TX 78642
0.03 mi 100% similar Same subdivision
4 bed 3 bath 3,139 sqft Built 2015
Raw Value $907,209
Adjusted Value $882,012

Adjusted -$28,692 for 109 sqft less living space and +$3,495 for being newer. Net adjustment: -$25,197.

The Neighborhood

This home is valued 8.6% below the I460514C - RANCHO SANTA FE / ESTATES AT STONEWALL RANCH median of $840,397. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.6% over the past year.

I460514C - RANCHO SANTA FE / ESTATES AT STONEWALL RANCH

typical
169 Properties
$840,397 Median Value
-3.6% YoY Change
1% Have Pool
100% Have Garage
This Home
$768,183
Median
$840,397

This home is -8.6% below the subdivision median.

Tax Analysis

The estimated annual property tax is $17,069 across all districts. With a homestead exemption claimed, that drops to $15,192 — saving $1,877 per year. That's $1,266 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

DistrictTypeRateAnnual Amount
Liberty Hill ISDSchool1.2389%$9,517
Watch Hill MUDMUD0.4948%$3,801
Williamson CountyCounty0.3694%$2,838
Williamson County ESD #4 - Liberty HillESD0.0745%$572
Williamson County FM/RdCounty0.0443%$341
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.2220%$17,069

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $815,739 would pay approximately $5,092 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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