1515 SOMERSET CANYON LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $216,885 and $515,440, with a best estimate of $308,028. 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
$308,028
$484,799
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L330590G - Cypress Bend Sec 1, this home's estimated market value is between $216,885 and $515,440. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$226,891 for 700 sqft less living space and +$18,845 for being newer. Net adjustment: -$208,046.
Adjusted -$230,781 for 712 sqft less living space. Net adjustment: -$230,781.
Adjusted -$128,355 for 396 sqft less living space and +$12,563 for being newer. Net adjustment: -$115,792.
Adjusted -$166,279 for 513 sqft less living space. Net adjustment: -$166,279.
Adjusted -$21,393 for 66 sqft less living space and +$12,563 for being newer. Net adjustment: -$8,830.
The Neighborhood
This home is valued 2.3% 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
typicalThis home is -2.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,022 across all districts. With a homestead exemption claimed, that drops to $7,411 — saving $1,611 per year. That's $618 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% | $5,269 |
| Williamson County | County | 0.3694% | $1,791 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,164 |
| Austin Community College | special | 0.1034% | $501 |
| Williamson County FM/Rd | County | 0.0443% | $215 |
| Upper Brushy Creek WCID | Water | 0.0170% | $82 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $9,022 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $308,028 would pay approximately $1,923 per month (principal and interest only, excluding taxes and insurance).