16505 TERRACE DR, AUSTIN, TX 78728
AUSTIN, 78728 — williamson County
Property at a Glance
This home is estimated between $74,773 and $404,690, with a best estimate of $181,862. That places the property below 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
$181,862
$225,415
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 $74,773 and $404,690. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$7,766 for 36 sqft less living space and -$14,031 for being older. Net adjustment: -$21,797.
Adjusted -$40,554 for 188 sqft less living space and -$46,771 for being older. Net adjustment: -$87,325.
Adjusted -$96,424 for 447 sqft less living space and +$23,385 for being newer and -$5,438 for no garage. Net adjustment: -$78,477.
Adjusted -$177,963 for 825 sqft less living space and +$7,795 for being newer. Net adjustment: -$170,168.
Adjusted +$3,451 for 16 sqft more living space and -$68,597 for being older and -$5,438 for no garage. Net adjustment: -$70,584.
The Neighborhood
This home is valued 19.9% 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
below averageThis home is -19.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,443 across all districts. With a homestead exemption claimed, that drops to $2,151 — saving $1,292 per year. That's $179 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% | $2,013 |
| Williamson County | County | 0.3694% | $833 |
| Austin Community College | special | 0.1034% | $233 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $225 |
| Williamson County FM/Rd | County | 0.0443% | $100 |
| Upper Brushy Creek WCID | Water | 0.0170% | $38 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5272% | $3,443 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $181,862 would pay approximately $1,135 per month (principal and interest only, excluding taxes and insurance).