1507 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $186,207 and $368,989, with a best estimate of $238,919. 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
$238,919
$340,187
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L101494H - North Creek Sec 1 & 2, this home's estimated market value is between $186,207 and $368,989. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$27,727 for 127 sqft more living space. Net adjustment: +$27,727.
Adjusted -$111,563 for 511 sqft less living space. Net adjustment: -$111,563.
Adjusted +$2,183 for 10 sqft more living space. Net adjustment: +$2,183.
Adjusted -$38,207 for 175 sqft less living space. Net adjustment: -$38,207.
Adjusted -$107,415 for 492 sqft less living space. Net adjustment: -$107,415.
The Neighborhood
This home is valued 9.7% above the L101494H - North Creek Sec 1 & 2 median of $310,157. With 986 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is +9.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,934 across all districts. With a homestead exemption claimed, that drops to $5,329 — saving $1,605 per year. That's $444 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% | $3,697 |
| Leander | City | 0.4173% | $1,420 |
| Williamson County | County | 0.3694% | $1,257 |
| Austin Community College | special | 0.1034% | $352 |
| Williamson County FM/Rd | County | 0.0443% | $151 |
| Upper Brushy Creek WCID | Water | 0.0170% | $58 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,934 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $238,919 would pay approximately $1,491 per month (principal and interest only, excluding taxes and insurance).