1205 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $442,584 and $585,065, with a best estimate of $501,969. 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
$501,969
$450,193
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 $442,584 and $585,065. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$108,186 for 512 sqft more living space and -$2,419 for being older and -$93,734 for no pool. Net adjustment: +$12,033.
Adjusted +$110,933 for 525 sqft more living space and -$2,419 for being older. Net adjustment: +$108,514.
Adjusted +$15,214 for 72 sqft more living space and -$2,419 for being older. Net adjustment: +$12,795.
Adjusted +$109,665 for 519 sqft more living space and -$2,419 for being older. Net adjustment: +$107,246.
Adjusted +$65,292 for 309 sqft more living space and +$14,512 for being newer. Net adjustment: +$79,804.
The Neighborhood
This home is valued 16.7% 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 +16.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,177 across all districts. With a homestead exemption claimed, that drops to $7,551 — saving $1,626 per year. That's $629 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% | $4,893 |
| Leander | City | 0.4173% | $1,879 |
| Williamson County | County | 0.3694% | $1,663 |
| Austin Community College | special | 0.1034% | $465 |
| Williamson County FM/Rd | County | 0.0443% | $200 |
| Upper Brushy Creek WCID | Water | 0.0170% | $77 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $9,177 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $501,969 would pay approximately $3,133 per month (principal and interest only, excluding taxes and insurance).