1502 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $235,618 and $397,388, with a best estimate of $258,790. 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
$258,790
$268,672
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 $235,618 and $397,388. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$80,998 for 371 sqft more living space. Net adjustment: +$80,998.
Adjusted -$70,519 for 323 sqft less living space. Net adjustment: -$70,519.
Adjusted -$39,080 for 179 sqft less living space. Net adjustment: -$39,080.
Adjusted -$91,696 for 420 sqft less living space. Net adjustment: -$91,696.
Adjusted -$56,764 for 260 sqft less living space. Net adjustment: -$56,764.
The Neighborhood
This home is valued 13.4% 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 -13.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,476 across all districts. With a homestead exemption claimed, that drops to $3,884 — saving $1,592 per year. That's $324 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% | $2,920 |
| Leander | City | 0.4173% | $1,121 |
| Williamson County | County | 0.3694% | $993 |
| Austin Community College | special | 0.1034% | $278 |
| Williamson County FM/Rd | County | 0.0443% | $119 |
| Upper Brushy Creek WCID | Water | 0.0170% | $46 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,476 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $258,790 would pay approximately $1,615 per month (principal and interest only, excluding taxes and insurance).