1603 SOMERSET CANYON LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $459,380 and $789,949, with a best estimate of $472,064. 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
$472,064
$516,074
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 $459,380 and $789,949. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$98,536 for 304 sqft more living space and -$6,282 for being older. Net adjustment: +$92,254.
Adjusted -$94,322 for 291 sqft less living space. Net adjustment: -$94,322.
Adjusted +$168,223 for 519 sqft more living space and -$6,282 for being older. Net adjustment: +$161,941.
Adjusted +$50,888 for 157 sqft more living space. Net adjustment: +$50,888.
Adjusted +$61,585 for 190 sqft more living space and -$12,563 for being older. Net adjustment: +$49,022.
The Neighborhood
This home is valued 4.0% above the L330590G - Cypress Bend Sec 1 median of $496,124. With 1,281 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 0.1% over the past year.
L330590G - Cypress Bend Sec 1
typicalThis home is +4.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,605 across all districts. With a homestead exemption claimed, that drops to $7,988 — saving $1,617 per year. That's $666 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% | $5,609 |
| Williamson County | County | 0.3694% | $1,907 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,239 |
| Austin Community College | special | 0.1034% | $534 |
| Williamson County FM/Rd | County | 0.0443% | $229 |
| Upper Brushy Creek WCID | Water | 0.0170% | $88 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $9,605 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $472,064 would pay approximately $2,947 per month (principal and interest only, excluding taxes and insurance).