2203 RACHEL RIDGE, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $707,285 and $850,804, with a best estimate of $780,478. 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
$780,478
$530,899
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 $707,285 and $850,804. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$224,298 for 692 sqft more living space and +$25,126 for being newer. Net adjustment: +$249,424.
Adjusted +$219,760 for 678 sqft more living space and +$6,282 for being newer. Net adjustment: +$226,042.
Adjusted +$234,994 for 725 sqft more living space and +$25,126 for being newer. Net adjustment: +$260,120.
Adjusted +$147,479 for 455 sqft more living space and +$12,563 for being newer. Net adjustment: +$160,042.
Adjusted +$316,675 for 977 sqft more living space and +$6,282 for being newer. Net adjustment: +$322,957.
The Neighborhood
This home is valued 7.0% 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 +7.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,880 across all districts. With a homestead exemption claimed, that drops to $8,261 — saving $1,619 per year. That's $688 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% | $5,770 |
| Williamson County | County | 0.3694% | $1,961 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,274 |
| Austin Community College | special | 0.1034% | $549 |
| Williamson County FM/Rd | County | 0.0443% | $235 |
| Upper Brushy Creek WCID | Water | 0.0170% | $90 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $9,880 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $780,478 would pay approximately $4,872 per month (principal and interest only, excluding taxes and insurance).