605 RIVERWAY LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $324,645 and $416,186, with a best estimate of $346,086. 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
$346,086
$351,216
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 $324,645 and $416,186. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$89,076 for 408 sqft more living space. Net adjustment: +$89,076.
Adjusted +$40,172 for 184 sqft more living space. Net adjustment: +$40,172.
Adjusted +$40,172 for 184 sqft more living space. Net adjustment: +$40,172.
Adjusted +$22,706 for 104 sqft more living space and +$12,328 for being newer. Net adjustment: +$35,034.
Adjusted +$6,113 for 28 sqft more living space and +$12,328 for being newer. Net adjustment: +$18,441.
The Neighborhood
This home is valued 13.2% above the L101494H - North Creek Sec 1 & 2 median of $310,157. With 986 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is +13.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,159 across all districts. With a homestead exemption claimed, that drops to $5,552 — saving $1,607 per year. That's $463 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% | $3,817 |
| Leander | City | 0.4173% | $1,466 |
| Williamson County | County | 0.3694% | $1,298 |
| Austin Community College | special | 0.1034% | $363 |
| Williamson County FM/Rd | County | 0.0443% | $156 |
| Upper Brushy Creek WCID | Water | 0.0170% | $60 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,159 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $346,086 would pay approximately $2,160 per month (principal and interest only, excluding taxes and insurance).