1201 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $357,518 and $753,468, with a best estimate of $567,568. That places the property above the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$567,568
$410,308
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in L237416D - MAGNOLIA CREEK SEC 2. The estimated range of $357,518 and $753,468 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$63,179 for 299 sqft less living space. Net adjustment: -$63,179.
Adjusted -$20,074 for 95 sqft less living space and -$12,093 for being older. Net adjustment: -$32,167.
Adjusted -$7,818 for 37 sqft less living space and +$19,349 for being newer. Net adjustment: +$11,531.
Adjusted -$87,056 for 412 sqft less living space and +$14,512 for being newer. Net adjustment: -$72,544.
Adjusted -$73,321 for 347 sqft less living space and +$29,024 for being newer. Net adjustment: -$44,297.
The Neighborhood
This home is valued 6.4% above the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607. With 274 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 7.4% over the past year.
L237416D - MAGNOLIA CREEK SEC 2
typicalThis home is +6.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,364 across all districts. With a homestead exemption claimed, that drops to $6,745 — saving $1,619 per year. That's $562 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% | $4,460 |
| Leander | City | 0.4173% | $1,712 |
| Williamson County | County | 0.3694% | $1,516 |
| Austin Community College | special | 0.1034% | $424 |
| Williamson County FM/Rd | County | 0.0443% | $182 |
| Upper Brushy Creek WCID | Water | 0.0170% | $70 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,364 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $567,568 would pay approximately $3,543 per month (principal and interest only, excluding taxes and insurance).