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1149 WATERFALL AVE, LEANDER, TX 78641

LEANDER, 78641 — williamson County

3 bed2 bath1,321 sqftBuilt 2020

Property at a Glance

This home is estimated between $210,164 and $481,971, with a best estimate of $293,609. That places the property below the L138319C - ALTERRA median of $379,262, in a neighborhood that declined 7.7% over the past year.

Estimated Value Range

$210,164 $481,971
Best Estimate
$293,609
WCAD Value
$382,776
High Confidence

Based on 5 comparable properties(5 in the same subdivision)

Based on 5 comparable properties in L138319C - ALTERRA, this home's estimated market value is between $210,164 and $481,971. All 5 comparables are in the same subdivision, giving this estimate high confidence.

Comparable Properties (5)

1152 CAPRA LN, LEANDER, TX 78641
0.02 mi 100% similar Same subdivision
3 bed 2 bath 1,502 sqft Built 2020
Raw Value $340,268
Adjusted Value $293,719

Adjusted -$46,549 for 181 sqft less living space. Net adjustment: -$46,549.

1160 CAPRA LN, LEANDER, TX 78641
0.02 mi 100% similar Same subdivision
3 bed 2 bath 1,502 sqft Built 2020
Raw Value $340,158
Adjusted Value $293,609

Adjusted -$46,549 for 181 sqft less living space. Net adjustment: -$46,549.

1152 WATERFALL AVE, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 1,877 sqft Built 2019
Raw Value $353,155
Adjusted Value $210,164

Adjusted -$142,991 for 556 sqft less living space. Net adjustment: -$142,991.

1165 WATERFALL AVE, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 928 sqft Built 2020
Raw Value $380,900
Adjusted Value $481,971

Adjusted +$101,071 for 393 sqft more living space. Net adjustment: +$101,071.

1164 CAPRA LN, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 1,502 sqft Built 2020
Raw Value $340,158
Adjusted Value $293,609

Adjusted -$46,549 for 181 sqft less living space. Net adjustment: -$46,549.

The Neighborhood

This home is in line with the L138319C - ALTERRA median of $379,262. Note that values in this subdivision declined 7.7% over the past year.

L138319C - ALTERRA

typical
61 Properties
$379,262 Median Value
-7.7% YoY Change
0% Have Pool
100% Have Garage
This Home
$382,776
Median
$379,262

This home is +0.9% above the subdivision median.

Tax Analysis

The estimated annual property tax is $7,802 across all districts. With a homestead exemption claimed, that drops to $6,189 — saving $1,613 per year. That's $516 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

DistrictTypeRateAnnual Amount
Leander ISDSchool1.0869%$4,160
LeanderCity0.4173%$1,597
Williamson CountyCounty0.3694%$1,414
Austin Community Collegespecial0.1034%$396
Williamson County FM/RdCounty0.0443%$170
Upper Brushy Creek WCIDWater0.0170%$65
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.0384%$7,802

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $293,609 would pay approximately $1,833 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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