703 RED RIVER LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $263,406 and $456,835, with a best estimate of $271,098. That places the property below the L101494H - North Creek Sec 1 & 2 median of $310,157, in a neighborhood that declined 3.9% over the past year.
Estimated Value Range
$271,098
$271,263
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $263,406 and $456,835. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$25,107 for 115 sqft less living space and +$881 for being newer. Net adjustment: -$24,226.
Adjusted -$5,458 for 25 sqft less living space. Net adjustment: -$5,458.
Adjusted -$44,756 for 205 sqft less living space and -$881 for being older. Net adjustment: -$45,637.
Adjusted -$7,860 for 36 sqft less living space. Net adjustment: -$7,860.
Adjusted -$3,275 for 15 sqft less living space and -$7,925 for being older. Net adjustment: -$11,200.
The Neighborhood
This home is valued 12.5% below the L101494H - North Creek Sec 1 & 2 median of $310,157. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is -12.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,529 across all districts. With a homestead exemption claimed, that drops to $3,937 — saving $1,592 per year. That's $328 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% | $2,948 |
| Leander | City | 0.4173% | $1,132 |
| Williamson County | County | 0.3694% | $1,002 |
| Austin Community College | special | 0.1034% | $280 |
| Williamson County FM/Rd | County | 0.0443% | $120 |
| Upper Brushy Creek WCID | Water | 0.0170% | $46 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,529 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $271,098 would pay approximately $1,692 per month (principal and interest only, excluding taxes and insurance).