1508 LANTERN LIGHT DR, ROUND ROCK, TX 78681
ROUND ROCK, 78681 — williamson County
Property at a Glance
This home is estimated between $245,600 and $295,434, with a best estimate of $272,381. 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
$272,381
$255,388
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 $245,600 and $295,434. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$70,991 for 311 sqft less living space and +$4,023 for being newer. Net adjustment: -$66,968.
Adjusted -$77,611 for 340 sqft less living space. Net adjustment: -$77,611.
Adjusted -$35,381 for 155 sqft less living space and -$2,011 for being older. Net adjustment: -$37,392.
Adjusted -$26,707 for 117 sqft less living space and +$6,034 for being newer. Net adjustment: -$20,673.
Adjusted -$8,218 for 36 sqft less living space and -$2,011 for being older. Net adjustment: -$10,229.
The Neighborhood
This home is valued 12.1% 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 -12.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,595 across all districts. With a homestead exemption claimed, that drops to $3,298 — saving $1,297 per year. That's $275 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% | $2,281 |
| Round Rock | City | 0.3720% | $950 |
| Williamson County | County | 0.3694% | $944 |
| Austin Community College | special | 0.1034% | $264 |
| Williamson County FM/Rd | County | 0.0443% | $113 |
| Upper Brushy Creek WCID | Water | 0.0170% | $43 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $4,595 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $272,381 would pay approximately $1,700 per month (principal and interest only, excluding taxes and insurance).