507 W SOUTH ST, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $295,301 and $318,994, with a best estimate of $310,370. That places the property below the L210401G - Westview Meadows median of $314,201, in a neighborhood that declined 4.2% over the past year.
Estimated Value Range
$310,370
$304,255
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $295,301 and $318,994. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$8,450 for 42 sqft more living space and -$1,084 for being older. Net adjustment: +$7,366.
Adjusted -$3,823 for 19 sqft less living space and -$8,668 for being older. Net adjustment: -$12,491.
Adjusted +$5,432 for 27 sqft more living space and -$8,668 for being older. Net adjustment: -$3,236.
Adjusted -$23,943 for 119 sqft less living space and -$2,167 for being older. Net adjustment: -$26,110.
Adjusted -$21,729 for 108 sqft less living space and -$1,084 for being older. Net adjustment: -$22,813.
The Neighborhood
This home is valued 3.2% below the L210401G - Westview Meadows median of $314,201. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.2% over the past year.
L210401G - Westview Meadows
typicalThis home is -3.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,202 across all districts. With a homestead exemption claimed, that drops to $4,603 — saving $1,599 per year. That's $384 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% | $3,307 |
| Leander | City | 0.4173% | $1,270 |
| Williamson County | County | 0.3694% | $1,124 |
| Austin Community College | special | 0.1034% | $315 |
| Williamson County FM/Rd | County | 0.0443% | $135 |
| Upper Brushy Creek WCID | Water | 0.0170% | $52 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,202 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $310,370 would pay approximately $1,937 per month (principal and interest only, excluding taxes and insurance).