16504 TERRACE DR, AUSTIN, TX 78728
AUSTIN, 78728 — williamson County
Property at a Glance
This home is estimated between $96,570 and $426,487, with a best estimate of $203,659. That places the property below the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358, in a neighborhood that declined 9.6% over the past year.
Estimated Value Range
$203,659
$219,512
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 $96,570 and $426,487. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$32,788 for 152 sqft less living space and -$32,740 for being older. Net adjustment: -$65,528.
Adjusted +$7,766 for 36 sqft more living space and +$14,031 for being newer. Net adjustment: +$21,797.
Adjusted -$88,658 for 411 sqft less living space and +$37,417 for being newer and -$5,438 for no garage. Net adjustment: -$56,679.
Adjusted -$170,197 for 789 sqft less living space and +$21,826 for being newer. Net adjustment: -$148,371.
Adjusted +$11,217 for 52 sqft more living space and -$54,566 for being older and -$5,438 for no garage. Net adjustment: -$48,787.
The Neighborhood
This home is valued 22.0% below the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.6% over the past year.
R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN
below averageThis home is -22.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,352 across all districts. With a homestead exemption claimed, that drops to $2,061 — saving $1,291 per year. That's $172 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 |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $1,960 |
| Williamson County | County | 0.3694% | $811 |
| Austin Community College | special | 0.1034% | $227 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $219 |
| Williamson County FM/Rd | County | 0.0443% | $97 |
| Upper Brushy Creek WCID | Water | 0.0170% | $37 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5272% | $3,352 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $203,659 would pay approximately $1,271 per month (principal and interest only, excluding taxes and insurance).