1501 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $223,288 and $399,773, with a best estimate of $345,811. That places the property above 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
$345,811
$260,224
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 $223,288 and $399,773. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$76,632 for 351 sqft less living space and +$881 for being newer. Net adjustment: -$75,751.
Adjusted +$32,967 for 151 sqft more living space. Net adjustment: +$32,967.
Adjusted +$23,361 for 107 sqft more living space. Net adjustment: +$23,361.
Adjusted -$7,423 for 34 sqft less living space. Net adjustment: -$7,423.
Adjusted +$58,511 for 268 sqft more living space. Net adjustment: +$58,511.
The Neighborhood
This home is valued 16.1% 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
below averageThis home is -16.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,304 across all districts. With a homestead exemption claimed, that drops to $3,714 — saving $1,590 per year. That's $310 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% | $2,828 |
| Leander | City | 0.4173% | $1,086 |
| Williamson County | County | 0.3694% | $961 |
| Austin Community College | special | 0.1034% | $269 |
| Williamson County FM/Rd | County | 0.0443% | $115 |
| Upper Brushy Creek WCID | Water | 0.0170% | $44 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,304 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $345,811 would pay approximately $2,159 per month (principal and interest only, excluding taxes and insurance).