1612 SOMERSET CANYON LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $497,098 and $574,164, with a best estimate of $548,977. 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
$548,977
$493,965
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 $497,098 and $574,164. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$1,297 for 4 sqft less living space. Net adjustment: -$1,297.
Adjusted +$108,259 for 334 sqft more living space and -$6,282 for being older. Net adjustment: +$101,977.
Adjusted +$6,483 for 20 sqft more living space. Net adjustment: +$6,483.
Adjusted +$152,989 for 472 sqft more living space. Net adjustment: +$152,989.
Adjusted +$200,636 for 619 sqft more living space and -$6,282 for being older. Net adjustment: +$194,354.
The Neighborhood
This home is in line with the L330590G - Cypress Bend Sec 1 median of $496,124. Note that values in this subdivision declined 0.1% over the past year.
L330590G - Cypress Bend Sec 1
typicalThis home is -0.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,193 across all districts. With a homestead exemption claimed, that drops to $7,580 — saving $1,613 per year. That's $632 per month a buyer should budget. The assessed value increased +7.5% vs the subdivision average of -0.1%. This above-average increase gives a protest opportunity score of 53 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $5,369 |
| Williamson County | County | 0.3694% | $1,825 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,186 |
| Austin Community College | special | 0.1034% | $511 |
| Williamson County FM/Rd | County | 0.0443% | $219 |
| Upper Brushy Creek WCID | Water | 0.0170% | $84 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $9,193 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $548,977 would pay approximately $3,427 per month (principal and interest only, excluding taxes and insurance).