1916 SUMMER RAIN DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $309,923 and $518,010, with a best estimate of $474,031. 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
$474,031
$473,552
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $309,923 and $518,010. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$233,698 for 721 sqft less living space. Net adjustment: -$233,698.
Adjusted +$3,241 for 10 sqft more living space and +$6,282 for being newer. Net adjustment: +$9,523.
Adjusted -$1,297 for 4 sqft less living space and +$6,282 for being newer. Net adjustment: +$4,985.
Adjusted -$6,483 for 20 sqft less living space and -$3,150 for no pool. Net adjustment: -$9,633.
Adjusted -$10,048 for 31 sqft less living space. Net adjustment: -$10,048.
The Neighborhood
This home is valued 4.5% 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 -4.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,813 across all districts. With a homestead exemption claimed, that drops to $7,204 — saving $1,609 per year. That's $600 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% | $5,147 |
| Williamson County | County | 0.3694% | $1,750 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,137 |
| Austin Community College | special | 0.1034% | $490 |
| Williamson County FM/Rd | County | 0.0443% | $210 |
| Upper Brushy Creek WCID | Water | 0.0170% | $81 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $8,813 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $474,031 would pay approximately $2,959 per month (principal and interest only, excluding taxes and insurance).