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501 CLEAR SPRING LN, LEANDER, TX 78641

LEANDER, 78641 — williamson County

3 bed2 bath1,354 sqftBuilt 1995

Property at a Glance

This home is estimated between $216,775 and $325,743, with a best estimate of $293,075. 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

$216,775 $325,743
Best Estimate
$293,075
WCAD Value
$283,477
High Confidence

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 $216,775 and $325,743. All 5 comparables are in the same subdivision, giving this estimate high confidence.

Comparable Properties (5)

503 CLEAR SPRING LN, LEANDER, TX 78641
0.01 mi 100% similar Same subdivision
3 bed 2 bath 1,268 sqft Built 1995
Raw Value $276,920
Adjusted Value $295,696

Adjusted +$18,776 for 86 sqft more living space. Net adjustment: +$18,776.

505 CLEAR SPRING LN, LEANDER, TX 78641
0.02 mi 100% similar Same subdivision
3 bed 2 bath 1,284 sqft Built 1995
Raw Value $272,820
Adjusted Value $288,103

Adjusted +$15,283 for 70 sqft more living space. Net adjustment: +$15,283.

1902 SOUTHCREEK DR, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 1,213 sqft Built 1995
Raw Value $262,291
Adjusted Value $293,075

Adjusted +$30,784 for 141 sqft more living space. Net adjustment: +$30,784.

500 MILLCREEK LN, LEANDER, TX 78641
0.02 mi 100% similar Same subdivision
3 bed 2 bath 1,346 sqft Built 1996
Raw Value $324,877
Adjusted Value $325,743

Adjusted +$1,747 for 8 sqft more living space and -$881 for being older. Net adjustment: +$866.

502 MILLCREEK LN, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
4 bed 2 bath 1,939 sqft Built 1996
Raw Value $345,375
Adjusted Value $216,775

Adjusted -$127,719 for 585 sqft less living space and -$881 for being older. Net adjustment: -$128,600.

The Neighborhood

This home is valued 8.6% 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

typical
986 Properties
$310,157 Median Value
-3.9% YoY Change
1% Have Pool
97% Have Garage
This Home
$283,477
Median
$310,157

This home is -8.6% below the subdivision median.

Tax Analysis

The estimated annual property tax is $5,778 across all districts. With a homestead exemption claimed, that drops to $4,183 — saving $1,595 per year. That's $349 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

DistrictTypeRateAnnual Amount
Leander ISDSchool1.0869%$3,081
LeanderCity0.4173%$1,183
Williamson CountyCounty0.3694%$1,047
Austin Community Collegespecial0.1034%$293
Williamson County FM/RdCounty0.0443%$126
Upper Brushy Creek WCIDWater0.0170%$48
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.0384%$5,778

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $293,075 would pay approximately $1,829 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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