1505 LANTERN LIGHT DR, ROUND ROCK, TX 78681
ROUND ROCK, 78681 — williamson County
Property at a Glance
This home is estimated between $230,674 and $397,315, with a best estimate of $263,228. That places the property below 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
$263,228
$256,068
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 $230,674 and $397,315. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$55,012 for 241 sqft more living space. Net adjustment: +$55,012.
Adjusted -$27,392 for 120 sqft less living space and +$2,011 for being newer. Net adjustment: -$25,381.
Adjusted +$48,393 for 212 sqft more living space and -$4,023 for being older. Net adjustment: +$44,370.
Adjusted -$48,393 for 212 sqft less living space. Net adjustment: -$48,393.
Adjusted -$13,696 for 60 sqft less living space and -$4,023 for being older. Net adjustment: -$17,719.
The Neighborhood
This home is valued 11.8% 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 -11.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,607 across all districts. With a homestead exemption claimed, that drops to $3,310 — saving $1,297 per year. That's $276 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% | $2,287 |
| Round Rock | City | 0.3720% | $953 |
| Williamson County | County | 0.3694% | $946 |
| Austin Community College | special | 0.1034% | $265 |
| Williamson County FM/Rd | County | 0.0443% | $114 |
| Upper Brushy Creek WCID | Water | 0.0170% | $44 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $4,607 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $263,228 would pay approximately $1,643 per month (principal and interest only, excluding taxes and insurance).