1506 SOMERSET CANYON LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $437,819 and $675,557, with a best estimate of $619,222. 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
$619,222
$638,847
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 $437,819 and $675,557. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$61,909 for 191 sqft more living space. Net adjustment: +$61,909.
Adjusted -$3,565 for 11 sqft less living space and -$6,282 for being older. Net adjustment: -$9,847.
Adjusted +$60,936 for 188 sqft more living space and -$6,282 for being older. Net adjustment: +$54,654.
Adjusted -$16,855 for 52 sqft less living space. Net adjustment: -$16,855.
Adjusted -$3,565 for 11 sqft less living space. Net adjustment: -$3,565.
The Neighborhood
This home is valued 28.8% 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 +28.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,889 across all districts. With a homestead exemption claimed, that drops to $10,250 — saving $1,639 per year. That's $854 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% | $6,944 |
| Williamson County | County | 0.3694% | $2,360 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,533 |
| Austin Community College | special | 0.1034% | $661 |
| Williamson County FM/Rd | County | 0.0443% | $283 |
| Upper Brushy Creek WCID | Water | 0.0170% | $109 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $11,889 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $619,222 would pay approximately $3,865 per month (principal and interest only, excluding taxes and insurance).