1102 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $269,383 and $364,431, with a best estimate of $301,995. That places the property below the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$301,995
$407,727
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $269,383 and $364,431. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$86,844 for 411 sqft less living space and -$19,349 for being older. Net adjustment: -$106,193.
Adjusted -$86,844 for 411 sqft less living space and -$19,349 for being older. Net adjustment: -$106,193.
Adjusted -$124,245 for 588 sqft less living space. Net adjustment: -$124,245.
Adjusted -$845 for 4 sqft less living space and -$93,734 for no pool. Net adjustment: -$94,579.
Adjusted -$83,464 for 395 sqft less living space and -$19,349 for being older. Net adjustment: -$102,813.
The Neighborhood
This home is valued 5.7% above the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607. With 274 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 7.4% over the past year.
L237416D - MAGNOLIA CREEK SEC 2
typicalThis home is +5.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,311 across all districts. With a homestead exemption claimed, that drops to $6,693 — saving $1,618 per year. That's $558 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% | $4,432 |
| Leander | City | 0.4173% | $1,701 |
| Williamson County | County | 0.3694% | $1,506 |
| Austin Community College | special | 0.1034% | $422 |
| Williamson County FM/Rd | County | 0.0443% | $181 |
| Upper Brushy Creek WCID | Water | 0.0170% | $69 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,311 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $301,995 would pay approximately $1,885 per month (principal and interest only, excluding taxes and insurance).