2125 DOWNING LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $2,490,477 and $2,626,190, with a best estimate of $2,553,621. That places the property below the L50IM - Multi-tenant Industrial - Flex - Leander median of $4,210,503, in a neighborhood that appreciated 64.8% over the past year.
Estimated Value Range
$2,553,621
$4,210,503
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in L50IM - Multi-tenant Industrial - Flex - Leander. The estimated range of $2,490,477 and $2,626,190 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$2,021,446 for 12,228 sqft more living space. Net adjustment: +$2,021,446.
Adjusted +$2,224,781 for 13,458 sqft more living space and -$60,193 for no garage. Net adjustment: +$2,164,588.
Adjusted +$2,283,797 for 13,815 sqft more living space and -$60,193 for no garage. Net adjustment: +$2,223,604.
Adjusted +$2,370,256 for 14,338 sqft more living space and -$60,193 for no garage. Net adjustment: +$2,310,063.
Adjusted +$2,212,878 for 13,386 sqft more living space and -$60,193 for no garage. Net adjustment: +$2,152,685.
The Neighborhood
This home is in line with the L50IM - Multi-tenant Industrial - Flex - Leander median of $4,210,503. The neighborhood appreciated 64.8% over the past year.
L50IM - Multi-tenant Industrial - Flex - Leander
typicalThis home is +0.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $62,068 across all districts. With a homestead exemption claimed, that drops to $59,874 — saving $2,194 per year. That's $4,990 per month a buyer should budget. The assessed value increased +162.5% vs the subdivision average of +64.8%. This above-average increase gives a protest opportunity score of 100 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $39,574 |
| Williamson County | County | 0.3694% | $13,451 |
| Austin Community College | special | 0.1034% | $3,765 |
| Williamson County ESD #12 - Cedar Park | ESD | 0.0836% | $3,045 |
| Williamson County FM/Rd | County | 0.0443% | $1,614 |
| Upper Brushy Creek WCID | Water | 0.0170% | $619 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7047% | $62,068 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $2,553,621 would pay approximately $15,940 per month (principal and interest only, excluding taxes and insurance).