1204 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $430,551 and $573,032, with a best estimate of $462,598. 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
$462,598
$489,936
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 $430,551 and $573,032. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$108,186 for 512 sqft less living space and +$2,419 for being newer and +$93,734 for having a pool. Net adjustment: -$12,033.
Adjusted +$2,747 for 13 sqft more living space and +$93,734 for having a pool. Net adjustment: +$96,481.
Adjusted -$92,972 for 440 sqft less living space and +$93,734 for having a pool. Net adjustment: +$762.
Adjusted +$1,479 for 7 sqft more living space and +$93,734 for having a pool. Net adjustment: +$95,213.
Adjusted -$42,894 for 203 sqft less living space and +$16,931 for being newer and +$93,734 for having a pool. Net adjustment: +$67,771.
The Neighborhood
This home is valued 27.1% 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
above averageThis home is +27.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,987 across all districts. With a homestead exemption claimed, that drops to $8,354 — saving $1,633 per year. That's $696 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% | $5,325 |
| Leander | City | 0.4173% | $2,044 |
| Williamson County | County | 0.3694% | $1,810 |
| Austin Community College | special | 0.1034% | $507 |
| Williamson County FM/Rd | County | 0.0443% | $217 |
| Upper Brushy Creek WCID | Water | 0.0170% | $83 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $9,987 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $462,598 would pay approximately $2,888 per month (principal and interest only, excluding taxes and insurance).