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193 PRAIRIE FALCON WAY, LEANDER, TX 78641

LEANDER, 78641 — williamson County

5 bed3 bath1,723 sqftBuilt 2021

Property at a Glance

This home is estimated between $470,472 and $512,300, with a best estimate of $506,743. That places the property above the L121521G - SUMMELYN PULTE & CENTEX R4'S median of $339,602, in a neighborhood that declined 8.3% over the past year.

Estimated Value Range

$470,472 $512,300
Best Estimate
$506,743
WCAD Value
$415,262
High Confidence

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

Based on 5 comparable properties in L121521G - SUMMELYN PULTE & CENTEX R4'S, this home's estimated market value is between $470,472 and $512,300. All 5 comparables are in the same subdivision, giving this estimate high confidence.

Comparable Properties (5)

197 PRAIRIE FALCON WAY, LEANDER, TX 78641
0.01 mi 100% similar Same subdivision
6 bed 4 bath 1,521 sqft Built 2021
Raw Value $448,701
Adjusted Value $510,324

Adjusted +$61,623 for 202 sqft more living space. Net adjustment: +$61,623.

185 PRAIRIE FALCON WAY, LEANDER, TX 78641
0.02 mi 100% similar Same subdivision
4 bed 2 bath 1,500 sqft Built 2021
Raw Value $444,270
Adjusted Value $512,300

Adjusted +$68,030 for 223 sqft more living space. Net adjustment: +$68,030.

196 PRAIRIE FALCON WAY, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
4 bed 3 bath 1,596 sqft Built 2022
Raw Value $438,718
Adjusted Value $470,472

Adjusted +$38,743 for 127 sqft more living space and -$6,989 for being older. Net adjustment: +$31,754.

188 PRAIRIE FALCON WAY, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
4 bed 1,521 sqft Built 2021
Raw Value $442,283
Adjusted Value $503,906

Adjusted +$61,623 for 202 sqft more living space. Net adjustment: +$61,623.

184 PRAIRIE FALCON WAY, LEANDER, TX 78641
0.04 mi 100% similar Same subdivision
5 bed 2 bath 1,521 sqft Built 2021
Raw Value $445,120
Adjusted Value $506,743

Adjusted +$61,623 for 202 sqft more living space. Net adjustment: +$61,623.

The Neighborhood

This home is valued 22.3% above the L121521G - SUMMELYN PULTE & CENTEX R4'S median of $339,602. With 449 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 8.3% over the past year.

L121521G - SUMMELYN PULTE & CENTEX R4'S

above average
449 Properties
$339,602 Median Value
-8.3% YoY Change
0% Have Pool
100% Have Garage
This Home
$415,262
Median
$339,602

This home is +22.3% above the subdivision median.

Tax Analysis

The estimated annual property tax is $8,920 across all districts. With a homestead exemption claimed, that drops to $7,298 — saving $1,622 per year. That's $608 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%$4,513
Liberty HillCity0.4694%$1,949
Williamson CountyCounty0.3694%$1,534
Austin Community Collegespecial0.1034%$429
Williamson County ESD #4 - Liberty HillESD0.0745%$309
Williamson County FM/RdCounty0.0443%$184
Summerlyn West PIDpid0.0000%$0
Williamson Central Appraisal Districtcad0.0000%$0
Tax District (T17)other0.0000%$0
Total Annual Tax2.1480%$8,920

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $506,743 would pay approximately $3,163 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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