120 CHERRY TREE LN, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $297,266 and $465,392, with a best estimate of $313,532. That places the property below the I212317D - LIBERTY PARKE median of $315,773, in a neighborhood that declined 3.3% over the past year.
Estimated Value Range
$313,532
$309,170
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $297,266 and $465,392. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$17,852 for 89 sqft more living space and -$30,745 for being older. Net adjustment: -$12,893.
This comparable closely matches the subject property's features.
Adjusted -$8,826 for 44 sqft less living space and -$7,686 for being older. Net adjustment: -$16,512.
Adjusted +$119,952 for 598 sqft more living space. Net adjustment: +$119,952.
Adjusted +$119,952 for 598 sqft more living space. Net adjustment: +$119,952.
The Neighborhood
This home is valued 2.1% below the I212317D - LIBERTY PARKE median of $315,773. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.3% over the past year.
I212317D - LIBERTY PARKE
typicalThis home is -2.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,791 across all districts. With a homestead exemption claimed, that drops to $4,976 — saving $1,815 per year. That's $415 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 |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $3,830 |
| Liberty Hill | City | 0.4694% | $1,451 |
| Williamson County | County | 0.3694% | $1,142 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $230 |
| Williamson County FM/Rd | County | 0.0443% | $137 |
| Liberty Parke PID | pid | 0.0000% | $0 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.1966% | $6,791 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $313,532 would pay approximately $1,957 per month (principal and interest only, excluding taxes and insurance).