1605 SOMERSET CANYON LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $354,623 and $697,696, with a best estimate of $423,820. 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
$423,820
$379,810
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 $354,623 and $697,696. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$98,536 for 304 sqft less living space and +$6,282 for being newer. Net adjustment: -$92,254.
Adjusted +$106,963 for 330 sqft more living space. Net adjustment: +$106,963.
Adjusted -$192,857 for 595 sqft less living space and +$6,282 for being newer. Net adjustment: -$186,575.
Adjusted +$69,688 for 215 sqft more living space. Net adjustment: +$69,688.
Adjusted -$92,377 for 285 sqft less living space. Net adjustment: -$92,377.
The Neighborhood
This home is valued 23.4% 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
below averageThis home is -23.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,069 across all districts. With a homestead exemption claimed, that drops to $5,477 — saving $1,592 per year. That's $456 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% | $4,128 |
| Williamson County | County | 0.3694% | $1,403 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $912 |
| Austin Community College | special | 0.1034% | $393 |
| Williamson County FM/Rd | County | 0.0443% | $168 |
| Upper Brushy Creek WCID | Water | 0.0170% | $65 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $7,069 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $423,820 would pay approximately $2,645 per month (principal and interest only, excluding taxes and insurance).