1108 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $293,909 and $497,882, with a best estimate of $402,835. 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
$402,835
$338,266
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $293,909 and $497,882. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$27,258 for 129 sqft more living space. Net adjustment: +$27,258.
Adjusted +$27,258 for 129 sqft more living space. Net adjustment: +$27,258.
Adjusted -$10,142 for 48 sqft less living space and +$19,349 for being newer. Net adjustment: +$9,207.
Adjusted -$3,170 for 15 sqft less living space and +$14,512 for being newer. Net adjustment: +$11,342.
Adjusted -$634 for 3 sqft less living space and -$19,349 for being older. Net adjustment: -$19,983.
The Neighborhood
This home is valued 12.3% 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 -12.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,895 across all districts. With a homestead exemption claimed, that drops to $5,290 — saving $1,605 per year. That's $441 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% | $3,677 |
| Leander | City | 0.4173% | $1,412 |
| Williamson County | County | 0.3694% | $1,250 |
| Austin Community College | special | 0.1034% | $350 |
| Williamson County FM/Rd | County | 0.0443% | $150 |
| Upper Brushy Creek WCID | Water | 0.0170% | $58 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,895 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $402,835 would pay approximately $2,514 per month (principal and interest only, excluding taxes and insurance).