3500 ELM RIDGE DR, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $1,208,939 and $1,363,881, with a best estimate of $1,235,984. That places the property below the L132614A - REAGANS OVERLOOK median of $1,249,806, in a neighborhood that declined 7.5% over the past year.
Estimated Value Range
$1,235,984
$1,211,296
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L132614A - REAGANS OVERLOOK, this home's estimated market value is between $1,208,939 and $1,363,881. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$125,622 for 372 sqft more living space. Net adjustment: +$125,622.
Adjusted -$209,370 for 620 sqft less living space and +$25,673 for being newer. Net adjustment: -$183,697.
Adjusted -$155,001 for 459 sqft less living space. Net adjustment: -$155,001.
Adjusted -$226,255 for 670 sqft less living space and +$38,510 for being newer. Net adjustment: -$187,745.
Adjusted -$215,111 for 637 sqft less living space. Net adjustment: -$215,111.
The Neighborhood
This home is valued 3.1% below the L132614A - REAGANS OVERLOOK median of $1,249,806. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.5% over the past year.
L132614A - REAGANS OVERLOOK
typicalThis home is -3.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $23,313 across all districts. With a homestead exemption claimed, that drops to $21,530 — saving $1,783 per year. That's $1,794 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% | $12,535 |
| Leander | City | 0.4173% | $4,813 |
| Williamson County | County | 0.3694% | $4,261 |
| Austin Community College | special | 0.1034% | $1,193 |
| Williamson County FM/Rd | County | 0.0443% | $511 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0214% | $23,313 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $1,235,984 would pay approximately $7,715 per month (principal and interest only, excluding taxes and insurance).