1502 SOMERSET CANYON LN, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $383,164 and $651,078, with a best estimate of $569,320. 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
$569,320
$620,903
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 $383,164 and $651,078. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$64,502 for 199 sqft less living space. Net adjustment: -$64,502.
Adjusted -$60,936 for 188 sqft less living space and +$6,282 for being newer. Net adjustment: -$54,654.
Adjusted +$972 for 3 sqft more living space and +$6,282 for being newer. Net adjustment: +$7,254.
Adjusted -$77,791 for 240 sqft less living space and +$6,282 for being newer. Net adjustment: -$71,509.
Adjusted +$166,279 for 513 sqft more living space. Net adjustment: +$166,279.
The Neighborhood
This home is valued 25.2% 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 +25.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,555 across all districts. With a homestead exemption claimed, that drops to $9,919 — saving $1,636 per year. That's $827 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% | $6,749 |
| Williamson County | County | 0.3694% | $2,294 |
| Ranch at Cypress Creek MUD #1 | MUD | 0.2400% | $1,490 |
| Austin Community College | special | 0.1034% | $642 |
| Williamson County FM/Rd | County | 0.0443% | $275 |
| Upper Brushy Creek WCID | Water | 0.0170% | $106 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8611% | $11,555 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $569,320 would pay approximately $3,554 per month (principal and interest only, excluding taxes and insurance).