1615 SOMERSET CANYON LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $259,853 and $602,926, with a best estimate of $536,463. That places the property above the L330590G - Cypress Bend Sec 1 median of $496,124, in a neighborhood that declined 0.1% over the past year.
Estimated Value Range
$536,463
$548,351
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 $259,853 and $602,926. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$14,262 for 44 sqft more living space and -$6,282 for being older and -$3,150 for no pool. Net adjustment: +$4,830.
Adjusted -$180,865 for 558 sqft less living space and -$6,282 for being older. Net adjustment: -$187,147.
Adjusted -$18,800 for 58 sqft less living space and -$6,282 for being older. Net adjustment: -$25,082.
Adjusted +$26,579 for 82 sqft more living space. Net adjustment: +$26,579.
Adjusted +$18,475 for 57 sqft more living space and -$6,282 for being older. Net adjustment: +$12,193.
The Neighborhood
This home is valued 10.5% 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 +10.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,205 across all districts. With a homestead exemption claimed, that drops to $8,582 — saving $1,623 per year. That's $715 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% | $5,960 |
| Williamson County | County | 0.3694% | $2,026 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,316 |
| Austin Community College | special | 0.1034% | $567 |
| Williamson County FM/Rd | County | 0.0443% | $243 |
| Upper Brushy Creek WCID | Water | 0.0170% | $93 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $10,205 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $536,463 would pay approximately $3,349 per month (principal and interest only, excluding taxes and insurance).