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118 DEEP LAKE DR, LIBERTY HILL, TX 78642

LIBERTY HILL, 78642 — williamson County

4 bed2 bath1,363 sqftBuilt 2001

Property at a Glance

This home is estimated between $491,533 and $811,030, with a best estimate of $602,960. That places the property above the I116596F - CARRIAGE OAKS / DEVEAU / RIVER BEND OAKS median of $580,705, in a neighborhood that appreciated 4.5% over the past year.

Estimated Value Range

$491,533 $811,030
Best Estimate
$602,960
WCAD Value
$600,081
High Confidence

Based on 5 comparable properties(5 in the same subdivision)

Based on 5 comparable properties in I116596F - CARRIAGE OAKS / DEVEAU / RIVER BEND OAKS, this home's estimated market value is between $491,533 and $811,030. All 5 comparables are in the same subdivision, giving this estimate high confidence.

Comparable Properties (5)

119 DEEP LAKE DR, LIBERTY HILL, TX 78642
0.00 mi 100% similar Same subdivision
4 bed 2 bath 1,152 sqft Built 1984
Raw Value $580,705
Adjusted Value $670,447

Adjusted +$61,558 for 211 sqft more living space and +$28,184 for being newer. Net adjustment: +$89,742.

122 DEEP LAKE DR, LIBERTY HILL, TX 78642
0.00 mi 100% similar Same subdivision
4 bed 2 bath 1,440 sqft Built 1985
Raw Value $598,898
Adjusted Value $602,960

Adjusted -$22,464 for 77 sqft less living space and +$26,526 for being newer. Net adjustment: +$4,062.

105 DEEP LAKE CI, LIBERTY HILL, TX 78642
0.20 mi 100% similar Same subdivision
3 bed 2 bath 1,664 sqft Built 1993
Raw Value $566,085
Adjusted Value $491,533

Adjusted -$87,815 for 301 sqft less living space and +$13,263 for being newer. Net adjustment: -$74,552.

115 DEEP LAKE CI, LIBERTY HILL, TX 78642
0.20 mi 100% similar Same subdivision
4 bed 2 bath 1,584 sqft Built 1992
Raw Value $570,231
Adjusted Value $520,677

Adjusted -$64,475 for 221 sqft less living space and +$14,921 for being newer. Net adjustment: -$49,554.

116 DEEP LAKE CI, LIBERTY HILL, TX 78642
0.20 mi 100% similar Same subdivision
3 bed 2 bath 1,669 sqft Built 1990
Raw Value $882,066
Adjusted Value $811,030

Adjusted -$89,273 for 306 sqft less living space and +$18,237 for being newer. Net adjustment: -$71,036.

The Neighborhood

This home is valued 3.3% above the I116596F - CARRIAGE OAKS / DEVEAU / RIVER BEND OAKS median of $580,705. With 103 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 4.5% over the past year.

I116596F - CARRIAGE OAKS / DEVEAU / RIVER BEND OAKS

typical
103 Properties
$580,705 Median Value
+4.5% YoY Change
0% Have Pool
62% Have Garage
This Home
$600,081
Median
$580,705

This home is +3.3% above the subdivision median.

Tax Analysis

The estimated annual property tax is $13,181 across all districts. With a homestead exemption claimed, that drops to $11,308 — saving $1,873 per year. That's $942 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

DistrictTypeRateAnnual Amount
Liberty Hill ISDSchool1.2389%$7,434
Liberty HillCity0.4694%$2,817
Williamson CountyCounty0.3694%$2,217
Williamson County ESD #4 - Liberty HillESD0.0745%$447
Williamson County FM/RdCounty0.0443%$266
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.1966%$13,181

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $602,960 would pay approximately $3,764 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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