507 MILLCREEK LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $254,801 and $277,347, with a best estimate of $268,343. That places the property below 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
$268,343
$275,291
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 $254,801 and $277,347. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$7,641 for 35 sqft less living space. Net adjustment: -$7,641.
Adjusted -$3,930 for 18 sqft less living space. Net adjustment: -$3,930.
Adjusted -$7,641 for 35 sqft less living space. Net adjustment: -$7,641.
Adjusted -$38,862 for 178 sqft less living space. Net adjustment: -$38,862.
Adjusted -$38,425 for 176 sqft less living space. Net adjustment: -$38,425.
The Neighborhood
This home is valued 11.2% below the L101494H - North Creek Sec 1 & 2 median of $310,157. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is -11.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,611 across all districts. With a homestead exemption claimed, that drops to $4,018 — saving $1,593 per year. That's $335 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% | $2,992 |
| Leander | City | 0.4173% | $1,149 |
| Williamson County | County | 0.3694% | $1,017 |
| Austin Community College | special | 0.1034% | $285 |
| Williamson County FM/Rd | County | 0.0443% | $122 |
| Upper Brushy Creek WCID | Water | 0.0170% | $47 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,611 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $268,343 would pay approximately $1,675 per month (principal and interest only, excluding taxes and insurance).