1507 LANTERN LIGHT DR, ROUND ROCK, TX 78681
ROUND ROCK, 78681 — williamson County
Property at a Glance
This home is estimated between $294,333 and $445,707, with a best estimate of $372,442. That places the property above the R123492H - Sam Bass/Hermitage/Somerset R3 median of $290,418, in a neighborhood that declined 7.8% over the past year.
Estimated Value Range
$372,442
$279,067
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in R123492H - Sam Bass/Hermitage/Somerset R3, this home's estimated market value is between $294,333 and $445,707. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$103,405 for 453 sqft more living space. Net adjustment: +$103,405.
Adjusted +$21,001 for 92 sqft more living space and +$2,011 for being newer. Net adjustment: +$23,012.
Adjusted +$96,785 for 424 sqft more living space and -$4,023 for being older. Net adjustment: +$92,762.
Adjusted +$34,697 for 152 sqft more living space and -$4,023 for being older. Net adjustment: +$30,674.
Adjusted +$83,089 for 364 sqft more living space and -$2,011 for being older. Net adjustment: +$81,078.
The Neighborhood
This home is valued 3.9% below the R123492H - Sam Bass/Hermitage/Somerset R3 median of $290,418. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.8% over the past year.
R123492H - Sam Bass/Hermitage/Somerset R3
typicalThis home is -3.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,021 across all districts. With a homestead exemption claimed, that drops to $3,719 — saving $1,302 per year. That's $310 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 |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $2,492 |
| Round Rock | City | 0.3720% | $1,038 |
| Williamson County | County | 0.3694% | $1,031 |
| Austin Community College | special | 0.1034% | $289 |
| Williamson County FM/Rd | County | 0.0443% | $124 |
| Upper Brushy Creek WCID | Water | 0.0170% | $47 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $5,021 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $372,442 would pay approximately $2,325 per month (principal and interest only, excluding taxes and insurance).