1121 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $163,304 and $362,590, with a best estimate of $163,733. 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
$163,733
$372,683
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 $163,304 and $362,590. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$149,678 for 582 sqft less living space. Net adjustment: -$149,678.
Adjusted -$149,678 for 582 sqft less living space. Net adjustment: -$149,678.
Adjusted -$149,678 for 582 sqft less living space. Net adjustment: -$149,678.
Adjusted -$14,145 for 55 sqft less living space. Net adjustment: -$14,145.
Adjusted -$138,362 for 538 sqft less living space. Net adjustment: -$138,362.
The Neighborhood
This home is valued 1.7% below the L138319C - ALTERRA median of $379,262. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.7% over the past year.
L138319C - ALTERRA
typicalThis home is -1.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,597 across all districts. With a homestead exemption claimed, that drops to $5,985 — saving $1,612 per year. That's $499 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% | $4,051 |
| Leander | City | 0.4173% | $1,555 |
| Williamson County | County | 0.3694% | $1,377 |
| Austin Community College | special | 0.1034% | $385 |
| Williamson County FM/Rd | County | 0.0443% | $165 |
| Upper Brushy Creek WCID | Water | 0.0170% | $63 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,597 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $163,733 would pay approximately $1,022 per month (principal and interest only, excluding taxes and insurance).