3508 ELM RIDGE DR, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $1,394,993 and $1,488,523, with a best estimate of $1,421,544. That places the property above the L132614A - REAGANS OVERLOOK median of $1,249,806, in a neighborhood that declined 7.5% over the past year.
Estimated Value Range
$1,421,544
$1,410,712
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L132614A - REAGANS OVERLOOK, this home's estimated market value is between $1,394,993 and $1,488,523. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$334,992 for 992 sqft more living space and -$25,673 for being older. Net adjustment: +$309,319.
Adjusted +$254,621 for 754 sqft more living space and -$25,673 for being older. Net adjustment: +$228,948.
Adjusted -$5,741 for 17 sqft less living space and -$25,673 for being older. Net adjustment: -$31,414.
Adjusted +$209,370 for 620 sqft more living space and -$25,673 for being older. Net adjustment: +$183,697.
Adjusted +$80,033 for 237 sqft more living space and -$25,673 for being older. Net adjustment: +$54,360.
The Neighborhood
This home is valued 12.9% above the L132614A - REAGANS OVERLOOK median of $1,249,806. With 195 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 7.5% over the past year.
L132614A - REAGANS OVERLOOK
typicalThis home is +12.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $27,054 across all districts. With a homestead exemption claimed, that drops to $25,229 — saving $1,825 per year. That's $2,102 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% | $14,547 |
| Leander | City | 0.4173% | $5,585 |
| Williamson County | County | 0.3694% | $4,945 |
| Austin Community College | special | 0.1034% | $1,384 |
| Williamson County FM/Rd | County | 0.0443% | $593 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0214% | $27,054 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $1,421,544 would pay approximately $8,873 per month (principal and interest only, excluding taxes and insurance).