1008 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $227,790 and $397,934, with a best estimate of $273,427. That places the property below the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$273,427
$399,400
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 $227,790 and $397,934. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$51,980 for 246 sqft less living space and +$7,256 for being newer. Net adjustment: -$44,724.
Adjusted -$119,385 for 565 sqft less living space. Net adjustment: -$119,385.
Adjusted -$51,769 for 245 sqft less living space and +$9,675 for being newer. Net adjustment: -$42,094.
Adjusted -$102,269 for 484 sqft less living space and +$7,256 for being newer. Net adjustment: -$95,013.
Adjusted -$34,653 for 164 sqft less living space and +$9,675 for being newer. Net adjustment: -$24,978.
The Neighborhood
This home is valued 3.6% 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 +3.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,141 across all districts. With a homestead exemption claimed, that drops to $6,525 — saving $1,616 per year. That's $544 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% | $4,341 |
| Leander | City | 0.4173% | $1,667 |
| Williamson County | County | 0.3694% | $1,476 |
| Austin Community College | special | 0.1034% | $413 |
| Williamson County FM/Rd | County | 0.0443% | $177 |
| Upper Brushy Creek WCID | Water | 0.0170% | $68 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,141 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $273,427 would pay approximately $1,707 per month (principal and interest only, excluding taxes and insurance).