501 MILLCREEK LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $262,504 and $284,544, with a best estimate of $272,617. That places the property below the L101494H - North Creek Sec 1 & 2 median of $310,157, in a neighborhood that declined 3.9% over the past year.
Estimated Value Range
$272,617
$286,203
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L101494H - North Creek Sec 1 & 2, this home's estimated market value is between $262,504 and $284,544. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$40,172 for 184 sqft less living space. Net adjustment: -$40,172.
Adjusted -$5,676 for 26 sqft less living space. Net adjustment: -$5,676.
Adjusted -$8,078 for 37 sqft less living space and +$881 for being newer. Net adjustment: -$7,197.
Adjusted -$106,760 for 489 sqft less living space. Net adjustment: -$106,760.
Adjusted -$11,135 for 51 sqft less living space and +$881 for being newer. Net adjustment: -$10,254.
The Neighborhood
This home is valued 7.7% below the L101494H - North Creek Sec 1 & 2 median of $310,157. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is -7.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,834 across all districts. With a homestead exemption claimed, that drops to $4,238 — saving $1,596 per year. That's $353 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% | $3,111 |
| Leander | City | 0.4173% | $1,194 |
| Williamson County | County | 0.3694% | $1,057 |
| Austin Community College | special | 0.1034% | $296 |
| Williamson County FM/Rd | County | 0.0443% | $127 |
| Upper Brushy Creek WCID | Water | 0.0170% | $49 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,834 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $272,617 would pay approximately $1,702 per month (principal and interest only, excluding taxes and insurance).