1505 RHAPSODY RIDGE DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $415,066 and $585,375, with a best estimate of $576,362. 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
$576,362
$556,733
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in L330590G - Cypress Bend Sec 1. The estimated range of $415,066 and $585,375 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$29,496 for 91 sqft less living space and -$37,689 for being older. Net adjustment: -$67,185.
Adjusted +$27,875 for 86 sqft more living space. Net adjustment: +$27,875.
Adjusted -$29,496 for 91 sqft less living space and -$37,689 for being older. Net adjustment: -$67,185.
Adjusted -$127,707 for 394 sqft less living space and -$37,689 for being older. Net adjustment: -$165,396.
Adjusted +$60,612 for 187 sqft more living space and +$12,563 for being newer. Net adjustment: +$73,175.
The Neighborhood
This home is valued 12.2% 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 +12.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,361 across all districts. With a homestead exemption claimed, that drops to $8,737 — saving $1,624 per year. That's $728 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% | $6,051 |
| Williamson County | County | 0.3694% | $2,057 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,336 |
| Austin Community College | special | 0.1034% | $576 |
| Williamson County FM/Rd | County | 0.0443% | $247 |
| Upper Brushy Creek WCID | Water | 0.0170% | $95 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $10,361 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $576,362 would pay approximately $3,598 per month (principal and interest only, excluding taxes and insurance).