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1165 WATERFALL AVE, LEANDER, TX 78641

LEANDER, 78641 — williamson County

3 bed2 bath928 sqftBuilt 2020

Property at a Glance

This home is estimated between $192,537 and $380,900, with a best estimate of $379,661. That places the property above the L138319C - ALTERRA median of $379,262, in a neighborhood that declined 7.7% over the past year.

Estimated Value Range

$192,537 $380,900
Best Estimate
$379,661
WCAD Value
$380,900
High Confidence

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

Based on 5 comparable properties in L138319C - ALTERRA, this home's estimated market value is between $192,537 and $380,900. All 5 comparables are in the same subdivision, giving this estimate high confidence.

Comparable Properties (5)

1172 CAPRA LN, LEANDER, TX 78641
0.02 mi 100% similar Same subdivision
4 bed 2 bath 928 sqft Built 2020
Raw Value $380,900
Adjusted Value $380,900

This comparable closely matches the subject property's features.

1160 CAPRA LN, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 1,502 sqft Built 2020
Raw Value $340,158
Adjusted Value $192,537

Adjusted -$147,621 for 574 sqft less living space. Net adjustment: -$147,621.

1149 WATERFALL AVE, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 1,321 sqft Built 2020
Raw Value $382,776
Adjusted Value $281,705

Adjusted -$101,071 for 393 sqft less living space. Net adjustment: -$101,071.

1156 CAPRA LN, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
4 bed 2 bath 928 sqft Built 2020
Raw Value $379,661
Adjusted Value $379,661

This comparable closely matches the subject property's features.

1145 WATERFALL AVE, LEANDER, TX 78641
0.04 mi 100% similar Same subdivision
3 bed 2 bath 928 sqft Built 2020
Raw Value $380,570
Adjusted Value $380,570

This comparable closely matches the subject property's features.

The Neighborhood

This home is in line with the L138319C - ALTERRA median of $379,262. Note that values in this subdivision declined 7.7% over the past year.

L138319C - ALTERRA

typical
61 Properties
$379,262 Median Value
-7.7% YoY Change
0% Have Pool
100% Have Garage
This Home
$380,900
Median
$379,262

This home is +0.4% above the subdivision median.

Tax Analysis

The estimated annual property tax is $7,764 across all districts. With a homestead exemption claimed, that drops to $6,151 — saving $1,613 per year. That's $513 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%$4,140
LeanderCity0.4173%$1,589
Williamson CountyCounty0.3694%$1,407
Austin Community Collegespecial0.1034%$394
Williamson County FM/RdCounty0.0443%$169
Upper Brushy Creek WCIDWater0.0170%$65
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.0384%$7,764

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $379,661 would pay approximately $2,370 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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