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1501 PARKWOOD DR, LEANDER, TX 78641

LEANDER, 78641 — williamson County

3 bed2 bath1,016 sqftBuilt 1995

Property at a Glance

This home is estimated between $231,461 and $412,751, with a best estimate of $383,087. That places the property above the L233498F - Mason Creek Sec 4A,B, C & Woods at Mason Creek median of $307,845, in a neighborhood that declined 8.7% over the past year.

Estimated Value Range

$231,461 $412,751
Best Estimate
$383,087
WCAD Value
$280,496
Low Confidence

Based on 5 comparable properties(0 in the same subdivision)

There are 5 comparable properties within range, but none are in L233498F - Mason Creek Sec 4A,B, C & Woods at Mason Creek. The estimated range of $231,461 and $412,751 should be treated as a rough guide.

Comparable Properties (5)

3 bed 2 bath 916 sqft Built 2001
Raw Value $368,069
Adjusted Value $377,800

Adjusted +$22,029 for 100 sqft more living space and -$12,298 for being older. Net adjustment: +$9,731.

3 bed 2 bath 937 sqft Built 2003
Raw Value $392,343
Adjusted Value $393,348

Adjusted +$17,403 for 79 sqft more living space and -$16,398 for being older. Net adjustment: +$1,005.

4 bed 2 bath 1,026 sqft Built 2003
Raw Value $401,688
Adjusted Value $383,087

Adjusted -$2,203 for 10 sqft less living space and -$16,398 for being older. Net adjustment: -$18,601.

3 bed 2 bath 989 sqft Built 2015
Raw Value $447,797
Adjusted Value $412,751

Adjusted +$5,948 for 27 sqft more living space and -$40,994 for being older. Net adjustment: -$35,046.

3 bed 1,162 sqft Built 2003
Raw Value $280,022
Adjusted Value $231,461

Adjusted -$32,163 for 146 sqft less living space and -$16,398 for being older. Net adjustment: -$48,561.

The Neighborhood

This home is valued 8.9% below the L233498F - Mason Creek Sec 4A,B, C & Woods at Mason Creek median of $307,845. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.7% over the past year.

L233498F - Mason Creek Sec 4A,B, C & Woods at Mason Creek

typical
691 Properties
$307,845 Median Value
-8.7% YoY Change
1% Have Pool
96% Have Garage
This Home
$280,496
Median
$307,845

This home is -8.9% below the subdivision median.

Tax Analysis

The estimated annual property tax is $5,718 across all districts. With a homestead exemption claimed, that drops to $4,123 — saving $1,595 per year. That's $344 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

DistrictTypeRateAnnual Amount
Leander ISDSchool1.0869%$3,049
LeanderCity0.4173%$1,170
Williamson CountyCounty0.3694%$1,036
Austin Community Collegespecial0.1034%$290
Williamson County FM/RdCounty0.0443%$124
Upper Brushy Creek WCIDWater0.0170%$48
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.0384%$5,718

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $383,087 would pay approximately $2,391 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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