1002 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $414,754 and $477,248, with a best estimate of $449,641. 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
$449,641
$372,120
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L237416D - MAGNOLIA CREEK SEC 2, this home's estimated market value is between $414,754 and $477,248. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$132,908 for 629 sqft more living space and +$21,768 for being newer. Net adjustment: +$154,676.
Adjusted +$65,503 for 310 sqft more living space and +$14,512 for being newer. Net adjustment: +$80,015.
Adjusted +$133,119 for 630 sqft more living space and +$24,187 for being newer. Net adjustment: +$157,306.
Adjusted +$5,494 for 26 sqft more living space and +$21,768 for being newer. Net adjustment: +$27,262.
Adjusted +$82,618 for 391 sqft more living space and +$21,768 for being newer. Net adjustment: +$104,386.
The Neighborhood
This home is valued 3.5% 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 -3.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,585 across all districts. With a homestead exemption claimed, that drops to $5,974 — saving $1,611 per year. That's $498 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% | $4,045 |
| Leander | City | 0.4173% | $1,553 |
| Williamson County | County | 0.3694% | $1,375 |
| Austin Community College | special | 0.1034% | $385 |
| Williamson County FM/Rd | County | 0.0443% | $165 |
| Upper Brushy Creek WCID | Water | 0.0170% | $63 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,585 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $449,641 would pay approximately $2,807 per month (principal and interest only, excluding taxes and insurance).