1109 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $430,786 and $595,925, with a best estimate of $500,878. 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
$500,878
$380,917
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 $430,786 and $595,925. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$125,301 for 593 sqft more living space. Net adjustment: +$125,301.
Adjusted +$125,301 for 593 sqft more living space. Net adjustment: +$125,301.
Adjusted +$87,901 for 416 sqft more living space and +$19,349 for being newer. Net adjustment: +$107,250.
Adjusted +$98,043 for 464 sqft more living space. Net adjustment: +$98,043.
Adjusted +$30,850 for 146 sqft more living space and -$7,256 for being older. Net adjustment: +$23,594.
The Neighborhood
This home is valued 1.2% 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 -1.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,764 across all districts. With a homestead exemption claimed, that drops to $6,152 — saving $1,612 per year. That's $513 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% | $4,140 |
| Leander | City | 0.4173% | $1,589 |
| Williamson County | County | 0.3694% | $1,407 |
| Austin Community College | special | 0.1034% | $394 |
| Williamson County FM/Rd | County | 0.0443% | $169 |
| Upper Brushy Creek WCID | Water | 0.0170% | $65 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,764 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $500,878 would pay approximately $3,126 per month (principal and interest only, excluding taxes and insurance).