1606 PAPER MOON DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $346,910 and $716,426, with a best estimate of $374,260. 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
$374,260
$486,490
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $346,910 and $716,426. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$187,023 for 577 sqft more living space and -$12,563 for being older. Net adjustment: +$174,460.
Adjusted -$116,687 for 360 sqft less living space. Net adjustment: -$116,687.
Adjusted +$45,702 for 141 sqft more living space and -$31,408 for being older. Net adjustment: +$14,294.
Adjusted +$1,297 for 4 sqft more living space and -$6,282 for being older. Net adjustment: -$4,985.
Adjusted -$86,543 for 267 sqft less living space and -$18,845 for being older. Net adjustment: -$105,388.
The Neighborhood
This home is valued 1.9% 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
typicalThis home is -1.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,054 across all districts. With a homestead exemption claimed, that drops to $7,442 — saving $1,612 per year. That's $620 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% | $5,288 |
| Williamson County | County | 0.3694% | $1,797 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,168 |
| Austin Community College | special | 0.1034% | $503 |
| Williamson County FM/Rd | County | 0.0443% | $216 |
| Upper Brushy Creek WCID | Water | 0.0170% | $83 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $9,054 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $374,260 would pay approximately $2,336 per month (principal and interest only, excluding taxes and insurance).