1918 SUMMER RAIN DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $361,662 and $529,359, with a best estimate of $413,300. 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
$413,300
$359,995
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in L330590G - Cypress Bend Sec 1. The estimated range of $361,662 and $529,359 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$14,262 for 44 sqft less living space. Net adjustment: -$14,262.
Adjusted -$31,116 for 96 sqft less living space and +$12,563 for being newer. Net adjustment: -$18,553.
Adjusted -$20,744 for 64 sqft less living space and +$56,534 for being newer. Net adjustment: +$35,790.
Adjusted +$46,675 for 144 sqft more living space and +$6,282 for being newer. Net adjustment: +$52,957.
Adjusted +$42,137 for 130 sqft more living space and +$6,282 for being newer. Net adjustment: +$48,419.
The Neighborhood
This home is valued 27.4% 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 -27.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,700 across all districts. With a homestead exemption claimed, that drops to $5,112 — saving $1,588 per year. That's $426 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% | $3,913 |
| Williamson County | County | 0.3694% | $1,330 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $864 |
| Austin Community College | special | 0.1034% | $372 |
| Williamson County FM/Rd | County | 0.0443% | $160 |
| Upper Brushy Creek WCID | Water | 0.0170% | $61 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $6,700 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $413,300 would pay approximately $2,580 per month (principal and interest only, excluding taxes and insurance).