511 RIVERWAY LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $173,185 and $346,560, with a best estimate of $339,477. That places the property above 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
$339,477
$323,845
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 $173,185 and $346,560. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$11,571 for 53 sqft more living space and -$881 for being older. Net adjustment: +$10,690.
Adjusted -$135,797 for 622 sqft less living space and -$881 for being older. Net adjustment: -$136,678.
Adjusted -$9,170 for 42 sqft less living space and +$11,447 for being newer. Net adjustment: +$2,277.
Adjusted +$2,620 for 12 sqft more living space. Net adjustment: +$2,620.
Adjusted -$5,458 for 25 sqft less living space and -$881 for being older. Net adjustment: -$6,339.
The Neighborhood
This home is valued 4.4% 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 +4.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,601 across all districts. With a homestead exemption claimed, that drops to $4,999 — saving $1,602 per year. That's $417 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% | $3,520 |
| Leander | City | 0.4173% | $1,351 |
| Williamson County | County | 0.3694% | $1,196 |
| Austin Community College | special | 0.1034% | $335 |
| Williamson County FM/Rd | County | 0.0443% | $144 |
| Upper Brushy Creek WCID | Water | 0.0170% | $55 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,601 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $339,477 would pay approximately $2,119 per month (principal and interest only, excluding taxes and insurance).