ActiveResidential · sale

1602 Iris Ln

Cedar Park, TX 78613

$449,000

  • 3 beds
  • 3 baths
  • 2,044 sq ft
  • 0.2 acres
  • Built 1994

Listed by eXp Realty, LLC · MLS #ACT1103936

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1602 Iris Ln, Cedar Park, TX 78613 · MLS #ACT1103936

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1994.

Garage parking

2 garage spaces listed.

Property size

0.2 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

2-1 Rate Buydown with Approved Lender! A rare opportunity in the highly sought-after Cypress Bend neighborhood! This beautifully updated 3-bedroom, 2.5-bath home offers 2,044 square feet of thoughtfully designed living space, plus a dedicated office that can easily serve as a 4th bedroom. Set on a .19 acre lot backing directly to the 42-acre Elizabeth Milburn Park, this property delivers a truly unique lifestyle with “backyard access” to an incredible array of amenities, including a community pool, playgrounds, and multiple sports courts for baseball, soccer, tennis, volleyball, basketball, and even cricket. Positioned on a quiet stretch of the park, you’ll enjoy exceptional privacy with no neighbors directly behind or beside you. The setting is peaceful and picturesque, with sweeping views of mature oak trees creating a serene natural backdrop. The backyard also offers one of the best vantage points in Cedar Park for the annual 4th of July fireworks show—launched just a few hundred feet away—along with easy access to community events like festivals and outdoor movies. Inside, the home features an open-concept floor plan filled with abundant natural light. Recent updates include new carpet, luxury vinyl flooring and porcelain tile, a renovated kitchen, several new windows, and recent HVAC(2020) system—providing modern comfort and style throughout. Located within walking distance to top-rated Leander ISD schools—Naumann Elementary, Cedar Park Middle, and Cedar Park High School—as well as Austin Community College and a highly regarded preschool, this home combines convenience with a strong sense of community. A rare blend of privacy, location, and lifestyle—this is one you don’t want to miss.

THE NEIGHBORHOOD

Explore the location.

1602 Iris Ln, Cedar Park, TX 78613

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LOCAL MARKET CONTEXT

Williamson County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$410,583Down 2.7% vs. the previous 12 months
Months of supply4.912-month average
Days on market8912-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1994
Full baths
2
Half baths
1
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Disposal, Microwave, Free-Standing Gas Range, Stainless Steel Appliance(s), Water Heater
Flooring
Tile, Vinyl
Fencing
Back Yard, Wood, Wrought Iron
Accessibility
None
Pool features
None
Subdivision
Cypress Bend Sec 02 Ph A
Parcel
17W322402A00240008
HOA
Cypress Creek HOA
Elementary school
Pauline Naumann
Middle school
Cedar Park
High school
Cedar Park
Annual property tax
$9,019.28

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$613.08
Estimated monthly rent$1,870.83
Cap rate1.89%

Annual operating income: $8,479.49

HOA: An HOA is identified, but the listing source does not provide a usable fee. HOA costs are not included in this estimate. Choose a monthly amount under Adjust assumptions.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #ACT1103936 · Austin Board of Realtors

Listing brokerage: eXp Realty, LLC
Listing agent: Charles Lee

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.