1100 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $418,858 and $583,998, with a best estimate of $488,951. That places the property above the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$488,951
$374,995
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 $418,858 and $583,998. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$115,793 for 548 sqft more living space and -$2,419 for being older. Net adjustment: +$113,374.
Adjusted +$115,793 for 548 sqft more living space and -$2,419 for being older. Net adjustment: +$113,374.
Adjusted +$78,392 for 371 sqft more living space and +$16,931 for being newer. Net adjustment: +$95,323.
Adjusted +$88,535 for 419 sqft more living space and -$2,419 for being older. Net adjustment: +$86,116.
Adjusted +$21,341 for 101 sqft more living space and -$9,675 for being older. Net adjustment: +$11,666.
The Neighborhood
This home is valued 2.8% below the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.4% over the past year.
L237416D - MAGNOLIA CREEK SEC 2
typicalThis home is -2.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,644 across all districts. With a homestead exemption claimed, that drops to $6,032 — saving $1,612 per year. That's $503 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% | $4,076 |
| Leander | City | 0.4173% | $1,565 |
| Williamson County | County | 0.3694% | $1,385 |
| Austin Community College | special | 0.1034% | $388 |
| Williamson County FM/Rd | County | 0.0443% | $166 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,644 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $488,951 would pay approximately $3,052 per month (principal and interest only, excluding taxes and insurance).