1401 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $256,891 and $434,943, with a best estimate of $323,651. 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
$323,651
$295,777
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 $256,891 and $434,943. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$64,187 for 294 sqft less living space and +$881 for being newer. Net adjustment: -$63,306.
Adjusted +$27,290 for 125 sqft more living space and +$881 for being newer. Net adjustment: +$28,171.
Adjusted +$32,530 for 149 sqft more living space. Net adjustment: +$32,530.
Adjusted +$97,591 for 447 sqft more living space and +$881 for being newer. Net adjustment: +$98,472.
Adjusted +$106,979 for 490 sqft more living space. Net adjustment: +$106,979.
The Neighborhood
This home is valued 4.6% below the L101494H - North Creek Sec 1 & 2 median of $310,157. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is -4.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,029 across all districts. With a homestead exemption claimed, that drops to $4,432 — saving $1,597 per year. That's $369 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% | $3,215 |
| Leander | City | 0.4173% | $1,234 |
| Williamson County | County | 0.3694% | $1,093 |
| Austin Community College | special | 0.1034% | $306 |
| Williamson County FM/Rd | County | 0.0443% | $131 |
| Upper Brushy Creek WCID | Water | 0.0170% | $50 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,029 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $323,651 would pay approximately $2,020 per month (principal and interest only, excluding taxes and insurance).