1606 SOMERSET CANYON LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $345,698 and $739,061, with a best estimate of $672,598. 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
$672,598
$415,065
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 $345,698 and $739,061. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$154,286 for 476 sqft less living space. Net adjustment: -$154,286.
Adjusted +$162,713 for 502 sqft more living space. Net adjustment: +$162,713.
Adjusted +$154,610 for 477 sqft more living space and -$6,282 for being older. Net adjustment: +$148,328.
Adjusted +$47,647 for 147 sqft more living space and -$6,282 for being older. Net adjustment: +$41,365.
Adjusted +$117,335 for 362 sqft more living space and -$6,282 for being older. Net adjustment: +$111,053.
The Neighborhood
This home is valued 16.3% 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 -16.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,725 across all districts. With a homestead exemption claimed, that drops to $6,126 — saving $1,599 per year. That's $511 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% | $4,511 |
| Williamson County | County | 0.3694% | $1,533 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $996 |
| Austin Community College | special | 0.1034% | $429 |
| Williamson County FM/Rd | County | 0.0443% | $184 |
| Upper Brushy Creek WCID | Water | 0.0170% | $71 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $7,725 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $672,598 would pay approximately $4,198 per month (principal and interest only, excluding taxes and insurance).