1902 SUMMER RAIN DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $313,244 and $689,027, with a best estimate of $364,881. That places the property below the L330590G - Cypress Bend Sec 1 median of $496,124, in a neighborhood that declined 0.1% over the past year.
Estimated Value Range
$364,881
$352,976
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in L330590G - Cypress Bend Sec 1. The estimated range of $313,244 and $689,027 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$56,399 for 174 sqft less living space and -$6,282 for being older. Net adjustment: -$62,681.
Adjusted -$73,253 for 226 sqft less living space and +$6,282 for being newer. Net adjustment: -$66,971.
Adjusted +$180,540 for 557 sqft more living space. Net adjustment: +$180,540.
Adjusted +$4,538 for 14 sqft more living space. Net adjustment: +$4,538.
Adjusted -$11,020 for 34 sqft less living space and +$6,282 for being newer. Net adjustment: -$4,738.
The Neighborhood
This home is valued 28.9% below the L330590G - Cypress Bend Sec 1 median of $496,124. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 0.1% over the past year.
L330590G - Cypress Bend Sec 1
below averageThis home is -28.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,569 across all districts. With a homestead exemption claimed, that drops to $4,982 — saving $1,587 per year. That's $415 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% | $3,836 |
| Williamson County | County | 0.3694% | $1,304 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $847 |
| Austin Community College | special | 0.1034% | $365 |
| Williamson County FM/Rd | County | 0.0443% | $156 |
| Upper Brushy Creek WCID | Water | 0.0170% | $60 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $6,569 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $364,881 would pay approximately $2,278 per month (principal and interest only, excluding taxes and insurance).