16501 TERRACE DR, AUSTIN, TX 78728
AUSTIN, 78728 — williamson County
Property at a Glance
This home is estimated between $244,103 and $492,015, with a best estimate of $285,755. That places the property above the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358, in a neighborhood that declined 9.6% over the past year.
Estimated Value Range
$285,755
$269,187
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 $244,103 and $492,015. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$32,788 for 152 sqft more living space and +$32,740 for being newer. Net adjustment: +$65,528.
Adjusted +$40,554 for 188 sqft more living space and +$46,771 for being newer. Net adjustment: +$87,325.
Adjusted -$55,870 for 259 sqft less living space and +$70,156 for being newer and -$5,438 for no garage. Net adjustment: +$8,848.
Adjusted +$44,005 for 204 sqft more living space and -$21,826 for being older and -$5,438 for no garage. Net adjustment: +$16,741.
Adjusted +$2,157 for 10 sqft more living space and -$23,385 for being older and -$5,438 for no garage. Net adjustment: -$26,666.
The Neighborhood
This home is valued 4.3% below the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.6% over the past year.
R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN
typicalThis home is -4.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,111 across all districts. With a homestead exemption claimed, that drops to $2,811 — saving $1,300 per year. That's $234 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 |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $2,404 |
| Williamson County | County | 0.3694% | $995 |
| Austin Community College | special | 0.1034% | $278 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $269 |
| Williamson County FM/Rd | County | 0.0443% | $119 |
| Upper Brushy Creek WCID | Water | 0.0170% | $46 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5272% | $4,111 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $285,755 would pay approximately $1,784 per month (principal and interest only, excluding taxes and insurance).