1220 CORNITH LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $278,064 and $451,322, with a best estimate of $360,610. That places the property below the L228416E - MASON RANCH KB STANDARD median of $499,802, in a neighborhood that declined 3.1% over the past year.
Estimated Value Range
$360,610
$390,590
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $278,064 and $451,322. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$14,987 for 59 sqft less living space and -$17,862 for being older. Net adjustment: -$32,849.
Adjusted -$7,875 for 31 sqft less living space and -$26,793 for being older. Net adjustment: -$34,668.
Adjusted -$51,565 for 203 sqft less living space and -$8,931 for being older. Net adjustment: -$60,496.
Adjusted -$16,511 for 65 sqft less living space. Net adjustment: -$16,511.
Adjusted -$255,794 for 1,007 sqft less living space. Net adjustment: -$255,794.
The Neighborhood
This home is valued 21.9% below the L228416E - MASON RANCH KB STANDARD median of $499,802. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.1% over the past year.
L228416E - MASON RANCH KB STANDARD
below averageThis home is -21.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,962 across all districts. With a homestead exemption claimed, that drops to $6,347 — saving $1,615 per year. That's $529 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% | $4,245 |
| Leander | City | 0.4173% | $1,630 |
| Williamson County | County | 0.3694% | $1,443 |
| Austin Community College | special | 0.1034% | $404 |
| Williamson County FM/Rd | County | 0.0443% | $173 |
| Upper Brushy Creek WCID | Water | 0.0170% | $66 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,962 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $360,610 would pay approximately $2,251 per month (principal and interest only, excluding taxes and insurance).