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118 ALFALFA DR, LIBERTY HILL, TX 78642

LIBERTY HILL, 78642 — williamson County

3 bed2 bath909 sqftBuilt 2024

Property at a Glance

This home is estimated between $235,011 and $492,244, with a best estimate of $338,254. That places the property below the I111523B - LARIAT median of $507,860, in a neighborhood that appreciated 297.6% over the past year.

Estimated Value Range

$235,011 $492,244
Best Estimate
$338,254
WCAD Value
$441,275
Low Confidence

Based on 5 comparable properties(0 in the same subdivision)

There are 5 comparable properties within range, but none are in I111523B - LARIAT. The estimated range of $235,011 and $492,244 should be treated as a rough guide.

Comparable Properties (5)

4 bed 3 bath 1,036 sqft Built 2024
Raw Value $388,716
Adjusted Value $354,679

Adjusted -$34,037 for 127 sqft less living space. Net adjustment: -$34,037.

2 bed 958 sqft Built 2010
Raw Value $445,183
Adjusted Value $492,244

Adjusted -$13,132 for 49 sqft less living space and +$60,193 for having a garage. Net adjustment: +$47,061.

3 bed 2 bath 1,621 sqft Built 2021
Raw Value $529,073
Adjusted Value $338,254

Adjusted -$190,819 for 712 sqft less living space. Net adjustment: -$190,819.

3 bed 2 bath 1,629 sqft Built 2021
Raw Value $427,974
Adjusted Value $235,011

Adjusted -$192,963 for 720 sqft less living space. Net adjustment: -$192,963.

3 bed 2 bath 1,756 sqft Built 2021
Raw Value $537,178
Adjusted Value $310,179

Adjusted -$226,999 for 847 sqft less living space. Net adjustment: -$226,999.

The Neighborhood

This home is valued 13.1% below the I111523B - LARIAT median of $507,860. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 297.6% over the past year.

I111523B - LARIAT

typical
484 Properties
$507,860 Median Value
+297.6% YoY Change
1% Have Pool
100% Have Garage
This Home
$441,275
Median
$507,860

This home is -13.1% below the subdivision median.

Tax Analysis

The estimated annual property tax is $11,814 across all districts. With a homestead exemption claimed, that drops to $9,998 — saving $1,816 per year. That's $833 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
Liberty Hill ISDSchool1.2389%$5,467
North San Gabriel MUD #1MUD0.9500%$4,192
Williamson CountyCounty0.3694%$1,630
Williamson County ESD #4 - Liberty HillESD0.0745%$329
Williamson County FM/RdCounty0.0443%$196
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.6772%$11,814

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $338,254 would pay approximately $2,111 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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