231 SPENCE LN, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $850,289 and $1,193,863, with a best estimate of $1,088,760. That places the property above the I122617A - Hidden Oak Estates/River oaks median of $900,978, in a neighborhood that declined 1.1% over the past year.
Estimated Value Range
$1,088,760
$1,151,026
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in I122617A - Hidden Oak Estates/River oaks. The estimated range of $850,289 and $1,193,863 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$25,672 for 95 sqft less living space. Net adjustment: -$25,672.
Adjusted +$276,722 for 1,024 sqft more living space and -$41,720 for being older. Net adjustment: +$235,002.
Adjusted +$330,229 for 1,222 sqft more living space and +$27,813 for being newer. Net adjustment: +$358,042.
Adjusted +$297,260 for 1,100 sqft more living space and +$13,907 for being newer. Net adjustment: +$311,167.
Adjusted +$349,145 for 1,292 sqft more living space and +$111,253 for being newer. Net adjustment: +$460,398.
The Neighborhood
This home is valued 27.8% above the I122617A - Hidden Oak Estates/River oaks median of $900,978. With 202 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 1.1% over the past year.
I122617A - Hidden Oak Estates/River oaks
above averageThis home is +27.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $24,830 across all districts. With a homestead exemption claimed, that drops to $22,883 — saving $1,947 per year. That's $1,907 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 |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $14,260 |
| North San Gabriel MUD #2 | MUD | 0.4300% | $4,949 |
| Williamson County | County | 0.3694% | $4,252 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $857 |
| Williamson County FM/Rd | County | 0.0443% | $510 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.1572% | $24,830 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $1,088,760 would pay approximately $6,796 per month (principal and interest only, excluding taxes and insurance).