502 W SOUTH ST, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $285,406 and $430,761, with a best estimate of $301,530. 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
$301,530
$387,537
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 $285,406 and $430,761. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$20,321 for 101 sqft less living space and -$5,418 for being older. Net adjustment: -$25,739.
Adjusted -$4,628 for 23 sqft less living space. Net adjustment: -$4,628.
Adjusted +$78,065 for 388 sqft more living space and -$4,334 for being older. Net adjustment: +$73,731.
Adjusted -$1,811 for 9 sqft less living space and +$1,084 for being newer. Net adjustment: -$727.
Adjusted -$54,123 for 269 sqft less living space. Net adjustment: -$54,123.
The Neighborhood
This home is valued 23.3% above the L210401G - Westview Meadows median of $314,201. With 643 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 4.2% over the past year.
L210401G - Westview Meadows
above averageThis home is +23.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,899 across all districts. With a homestead exemption claimed, that drops to $6,285 — saving $1,614 per year. That's $524 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% | $4,212 |
| Leander | City | 0.4173% | $1,617 |
| Williamson County | County | 0.3694% | $1,432 |
| Austin Community College | special | 0.1034% | $401 |
| Williamson County FM/Rd | County | 0.0443% | $172 |
| Upper Brushy Creek WCID | Water | 0.0170% | $66 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,899 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $301,530 would pay approximately $1,882 per month (principal and interest only, excluding taxes and insurance).