1940 RED PARROT TER, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $445,951 and $735,104, with a best estimate of $529,364. That places the property below the L133515C - PALMER RIDGE median of $609,561, in a neighborhood that declined 7.8% over the past year.
Estimated Value Range
$529,364
$684,714
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L133515C - PALMER RIDGE, this home's estimated market value is between $445,951 and $735,104. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$187,421 for 766 sqft less living space. Net adjustment: -$187,421.
Adjusted -$44,531 for 182 sqft less living space. Net adjustment: -$44,531.
Adjusted +$31,074 for 127 sqft more living space. Net adjustment: +$31,074.
Adjusted +$137,018 for 560 sqft more living space. Net adjustment: +$137,018.
Adjusted -$12,723 for 52 sqft less living space. Net adjustment: -$12,723.
The Neighborhood
This home is valued 12.3% above the L133515C - PALMER RIDGE median of $609,561. With 631 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 7.8% over the past year.
L133515C - PALMER RIDGE
typicalThis home is +12.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $16,579 across all districts. With a homestead exemption claimed, that drops to $14,903 — saving $1,676 per year. That's $1,242 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% | $7,442 |
| Leander | City | 0.4173% | $2,857 |
| Palmera Ridge MUD | MUD | 0.4000% | $2,739 |
| Williamson County | County | 0.3694% | $2,530 |
| Austin Community College | special | 0.1034% | $708 |
| Williamson County FM/Rd | County | 0.0443% | $304 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4214% | $16,579 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $529,364 would pay approximately $3,304 per month (principal and interest only, excluding taxes and insurance).