506 RIVERWAY LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $292,870 and $491,753, with a best estimate of $372,052. 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
$372,052
$319,169
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 $292,870 and $491,753. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$138,854 for 636 sqft more living space. Net adjustment: +$138,854.
Adjusted +$65,497 for 300 sqft more living space and +$881 for being newer. Net adjustment: +$66,378.
Adjusted +$112,655 for 516 sqft more living space. Net adjustment: +$112,655.
Adjusted -$36,897 for 169 sqft less living space and +$881 for being newer. Net adjustment: -$36,016.
Adjusted +$105,887 for 485 sqft more living space and +$881 for being newer. Net adjustment: +$106,768.
The Neighborhood
This home is valued 2.9% 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 +2.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,506 across all districts. With a homestead exemption claimed, that drops to $4,904 — saving $1,602 per year. That's $409 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% | $3,469 |
| Leander | City | 0.4173% | $1,332 |
| Williamson County | County | 0.3694% | $1,179 |
| Austin Community College | special | 0.1034% | $330 |
| Williamson County FM/Rd | County | 0.0443% | $141 |
| Upper Brushy Creek WCID | Water | 0.0170% | $54 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,506 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $372,052 would pay approximately $2,322 per month (principal and interest only, excluding taxes and insurance).