1216 CORNITH LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $306,767 and $480,026, with a best estimate of $389,314. That places the property below the L228416E - MASON RANCH KB STANDARD median of $499,802, in a neighborhood that declined 3.1% over the past year.
Estimated Value Range
$389,314
$399,278
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 $306,767 and $480,026. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$13,717 for 54 sqft more living space and -$17,862 for being older. Net adjustment: -$4,145.
Adjusted +$20,829 for 82 sqft more living space and -$26,793 for being older. Net adjustment: -$5,964.
Adjusted -$227,091 for 894 sqft less living space. Net adjustment: -$227,091.
Adjusted -$22,861 for 90 sqft less living space and -$8,931 for being older. Net adjustment: -$31,792.
Adjusted +$12,193 for 48 sqft more living space. Net adjustment: +$12,193.
The Neighborhood
This home is valued 20.1% below the L228416E - MASON RANCH KB STANDARD median of $499,802. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.1% over the past year.
L228416E - MASON RANCH KB STANDARD
below averageThis home is -20.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,139 across all districts. With a homestead exemption claimed, that drops to $6,522 — saving $1,617 per year. That's $544 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% | $4,340 |
| Leander | City | 0.4173% | $1,666 |
| Williamson County | County | 0.3694% | $1,475 |
| Austin Community College | special | 0.1034% | $413 |
| Williamson County FM/Rd | County | 0.0443% | $177 |
| Upper Brushy Creek WCID | Water | 0.0170% | $68 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,139 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $389,314 would pay approximately $2,430 per month (principal and interest only, excluding taxes and insurance).