16406 TERRACE DR, AUSTIN, TX 78728
AUSTIN, 78728 — williamson County
Property at a Glance
This home is estimated between $163,404 and $218,582, with a best estimate of $187,507. That places the property below the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358, in a neighborhood that declined 9.6% over the past year.
Estimated Value Range
$187,507
$210,344
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN, this home's estimated market value is between $163,404 and $218,582. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$12,943 for 60 sqft less living space and +$26,503 for being newer and -$5,438 for no garage. Net adjustment: +$8,122.
Adjusted -$57,811 for 268 sqft less living space and +$18,708 for being newer. Net adjustment: -$39,103.
Adjusted -$64,714 for 300 sqft less living space and +$18,708 for being newer. Net adjustment: -$46,006.
Adjusted -$64,714 for 300 sqft less living space and +$18,708 for being newer. Net adjustment: -$46,006.
Adjusted -$54,360 for 252 sqft less living space and +$35,858 for being newer. Net adjustment: -$18,502.
The Neighborhood
This home is valued 25.2% below the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.6% over the past year.
R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN
below averageThis home is -25.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,212 across all districts. With a homestead exemption claimed, that drops to $1,923 — saving $1,289 per year. That's $160 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 |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $1,879 |
| Williamson County | County | 0.3694% | $777 |
| Austin Community College | special | 0.1034% | $217 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $210 |
| Williamson County FM/Rd | County | 0.0443% | $93 |
| Upper Brushy Creek WCID | Water | 0.0170% | $36 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5272% | $3,212 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $187,507 would pay approximately $1,170 per month (principal and interest only, excluding taxes and insurance).