3408 ELM RIDGE DR, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $1,363,941 and $1,867,665, with a best estimate of $1,372,310. 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
$1,372,310
$1,518,882
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 $1,363,941 and $1,867,665. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$469,056 for 1,389 sqft more living space. Net adjustment: +$469,056.
Adjusted +$428,195 for 1,268 sqft more living space. Net adjustment: +$428,195.
Adjusted -$21,612 for 64 sqft less living space. Net adjustment: -$21,612.
Adjusted -$71,253 for 211 sqft less living space and +$38,510 for being newer. Net adjustment: -$32,743.
Adjusted +$155,001 for 459 sqft more living space. Net adjustment: +$155,001.
The Neighborhood
This home is valued 21.5% 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
above averageThis home is +21.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $30,702 across all districts. With a homestead exemption claimed, that drops to $28,836 — saving $1,866 per year. That's $2,403 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% | $16,509 |
| Leander | City | 0.4173% | $6,338 |
| Williamson County | County | 0.3694% | $5,611 |
| Austin Community College | special | 0.1034% | $1,571 |
| Williamson County FM/Rd | County | 0.0443% | $673 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0214% | $30,702 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $1,372,310 would pay approximately $8,566 per month (principal and interest only, excluding taxes and insurance).