1006 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $259,920 and $365,048, with a best estimate of $337,441. That places the property below the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$337,441
$433,994
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 $259,920 and $365,048. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$20,707 for 98 sqft more living space and +$21,768 for being newer. Net adjustment: +$42,475.
Adjusted +$20,919 for 99 sqft more living space and +$24,187 for being newer. Net adjustment: +$45,106.
Adjusted -$29,582 for 140 sqft less living space and +$21,768 for being newer. Net adjustment: -$7,814.
Adjusted -$46,697 for 221 sqft less living space and +$14,512 for being newer. Net adjustment: -$32,185.
Adjusted -$112,200 for 531 sqft less living space. Net adjustment: -$112,200.
The Neighborhood
This home is valued 12.5% above the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607. With 274 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 7.4% over the past year.
L237416D - MAGNOLIA CREEK SEC 2
typicalThis home is +12.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,846 across all districts. With a homestead exemption claimed, that drops to $7,224 — saving $1,622 per year. That's $602 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% | $4,717 |
| Leander | City | 0.4173% | $1,811 |
| Williamson County | County | 0.3694% | $1,603 |
| Austin Community College | special | 0.1034% | $449 |
| Williamson County FM/Rd | County | 0.0443% | $192 |
| Upper Brushy Creek WCID | Water | 0.0170% | $74 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,846 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $337,441 would pay approximately $2,106 per month (principal and interest only, excluding taxes and insurance).