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501 RURAL SPACE RD, LEANDER, TX 78641

LEANDER, 78641 — williamson County

4 bed1 bath2,318 sqftBuilt 1995

Property at a Glance

This home is estimated between $947,253 and $1,539,709, with a best estimate of $1,092,868. That places the property above the I035D95E - LH ISD - South HWY 29 / WEST OF RONALD REAGAN median of $800,627, in a neighborhood that appreciated 16.3% over the past year.

Estimated Value Range

$947,253 $1,539,709
Best Estimate
$1,092,868
WCAD Value
$1,110,000
Medium Confidence

Based on 5 comparable properties(4 in the same subdivision)

Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $947,253 and $1,539,709. More comparables in the same subdivision would strengthen this estimate.

Comparable Properties (5)

221 RURAL SPACE RD, LEANDER, TX 78641
0.00 mi 96% similar Same subdivision
3 bed 2 bath 2,162 sqft Built 2008
Raw Value $902,142
Adjusted Value $947,253

Adjusted +$61,185 for 156 sqft more living space and -$16,074 for being older. Net adjustment: +$45,111.

331 RURAL SPACE RD, LEANDER, TX 78646
0.00 mi 96% similar Same subdivision
3 bed 1,920 sqft Built 2012
Raw Value $808,211
Adjusted Value $1,092,868

Adjusted +$156,100 for 398 sqft more living space and -$21,019 for being older and +$149,576 for having a garage. Net adjustment: +$284,657.

300 RURAL SPACE RD, LEANDER, TX 78641
0.00 mi 91% similar Same subdivision
3 bed 2 bath 1,715 sqft Built 1986
Raw Value $1,105,808
Adjusted Value $1,353,440

Adjusted +$236,504 for 603 sqft more living space and +$11,128 for being newer. Net adjustment: +$247,632.

400 RURAL SPACE RD, LEANDER, TX 78641
0.00 mi 87% similar Same subdivision
3 bed 3 bath 2,718 sqft Built 1972
Raw Value $1,518,580
Adjusted Value $1,539,709

Adjusted -$156,885 for 400 sqft less living space and +$28,438 for being newer and +$149,576 for having a garage. Net adjustment: +$21,129.

3 bed 1,400 sqft Built 1997
Raw Value $577,146
Adjusted Value $1,084,299

Adjusted +$360,050 for 918 sqft more living space and -$2,473 for being older and +$149,576 for having a garage. Net adjustment: +$507,153.

The Neighborhood

This home is valued 38.6% above the I035D95E - LH ISD - South HWY 29 / WEST OF RONALD REAGAN median of $800,627. With 583 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 16.3% over the past year.

I035D95E - LH ISD - South HWY 29 / WEST OF RONALD REAGAN

above average
583 Properties
$800,627 Median Value
+16.3% YoY Change
4% Have Pool
39% Have Garage
This Home
$1,110,000
Median
$800,627

This home is +38.6% above the subdivision median.

Tax Analysis

The estimated annual property tax is $11,368 across all districts. With a homestead exemption claimed, that drops to $9,512 — saving $1,856 per year. That's $793 per month a buyer should budget. The assessed value increased +84.3% vs the subdivision average of +16.3%. This above-average increase gives a protest opportunity score of 100 out of 100 — it may be worth challenging the appraisal.

Tax Districts

DistrictTypeRateAnnual Amount
Liberty Hill ISDSchool1.2389%$8,154
Williamson CountyCounty0.3694%$2,432
Williamson County ESD #4 - Liberty HillESD0.0745%$490
Williamson County FM/RdCounty0.0443%$292
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax1.7272%$11,368
100 / 100

There may be a strong case to protest this appraisal.

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $1,092,868 would pay approximately $6,822 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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