2516 CARRETERA DR, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $596,525 and $839,349, with a best estimate of $613,618. That places the property above the L133515C - PALMER RIDGE median of $609,561, in a neighborhood that declined 7.8% over the past year.
Estimated Value Range
$613,618
$572,799
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L133515C - PALMER RIDGE, this home's estimated market value is between $596,525 and $839,349. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$139,464 for 570 sqft more living space and +$20,151 for being newer. Net adjustment: +$159,615.
Adjusted -$20,553 for 84 sqft less living space and +$20,151 for being newer. Net adjustment: -$402.
Adjusted +$5,872 for 24 sqft more living space and +$5,038 for being newer. Net adjustment: +$10,910.
Adjusted +$59,211 for 242 sqft more living space and +$15,113 for being newer. Net adjustment: +$74,324.
Adjusted +$88,083 for 360 sqft more living space. Net adjustment: +$88,083.
The Neighborhood
This home is valued 6.0% below the L133515C - PALMER RIDGE median of $609,561. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.8% over the past year.
L133515C - PALMER RIDGE
typicalThis home is -6.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $13,967 across all districts. With a homestead exemption claimed, that drops to $12,316 — saving $1,651 per year. That's $1,026 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% | $6,226 |
| Leander | City | 0.4173% | $2,390 |
| Palmera Ridge MUD | MUD | 0.4000% | $2,291 |
| Williamson County | County | 0.3694% | $2,116 |
| Austin Community College | special | 0.1034% | $592 |
| Williamson County FM/Rd | County | 0.0443% | $254 |
| Upper Brushy Creek WCID | Water | 0.0170% | $97 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4384% | $13,967 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $613,618 would pay approximately $3,830 per month (principal and interest only, excluding taxes and insurance).