1501 RHAPSODY RIDGE DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $412,437 and $724,751, with a best estimate of $554,442. 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
$554,442
$697,757
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in L330590G - Cypress Bend Sec 1. The estimated range of $412,437 and $724,751 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$11,669 for 36 sqft more living space and -$37,689 for being older. Net adjustment: -$26,020.
Adjusted -$3,241 for 10 sqft less living space and -$37,689 for being older. Net adjustment: -$40,930.
Adjusted +$167,251 for 516 sqft more living space. Net adjustment: +$167,251.
Adjusted +$109,880 for 339 sqft more living space and -$37,689 for being older. Net adjustment: +$72,191.
Adjusted +$32,413 for 100 sqft more living space and +$43,971 for being newer. Net adjustment: +$76,384.
The Neighborhood
This home is valued 40.6% 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
above averageThis home is +40.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $12,986 across all districts. With a homestead exemption claimed, that drops to $11,335 — saving $1,651 per year. That's $945 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% | $7,584 |
| Williamson County | County | 0.3694% | $2,578 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,675 |
| Austin Community College | special | 0.1034% | $721 |
| Williamson County FM/Rd | County | 0.0443% | $309 |
| Upper Brushy Creek WCID | Water | 0.0170% | $119 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $12,986 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $554,442 would pay approximately $3,461 per month (principal and interest only, excluding taxes and insurance).