505 PALMILLA ST, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $351,549 and $574,637, with a best estimate of $406,351. That places the property below the L108416C - OAK CREEK MERITAGE/CASTLE ROCK median of $430,353, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$406,351
$352,659
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in L108416C - OAK CREEK MERITAGE/CASTLE ROCK. The estimated range of $351,549 and $574,637 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$985 for being newer. Net adjustment: +$985.
Adjusted -$19,133 for 94 sqft less living space and +$7,878 for being newer. Net adjustment: -$11,255.
Adjusted +$38,063 for 187 sqft more living space and +$8,863 for being newer. Net adjustment: +$46,926.
Adjusted -$31,753 for 156 sqft less living space and +$6,893 for being newer. Net adjustment: -$24,860.
Adjusted -$146,756 for 721 sqft less living space and +$5,909 for being newer. Net adjustment: -$140,847.
The Neighborhood
This home is valued 18.1% below the L108416C - OAK CREEK MERITAGE/CASTLE ROCK median of $430,353. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
L108416C - OAK CREEK MERITAGE/CASTLE ROCK
below averageThis home is -18.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,188 across all districts. With a homestead exemption claimed, that drops to $5,581 — saving $1,607 per year. That's $465 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% | $3,833 |
| Leander | City | 0.4173% | $1,472 |
| Williamson County | County | 0.3694% | $1,303 |
| Austin Community College | special | 0.1034% | $365 |
| Williamson County FM/Rd | County | 0.0443% | $156 |
| Upper Brushy Creek WCID | Water | 0.0170% | $60 |
| Oak Creek PID | pid | 0.0000% | $0 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Tax District (T05) | other | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,188 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $406,351 would pay approximately $2,536 per month (principal and interest only, excluding taxes and insurance).