1104 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $285,689 and $467,243, with a best estimate of $372,196. 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
$372,196
$412,694
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 $285,689 and $467,243. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$3,381 for 16 sqft less living space. Net adjustment: -$3,381.
Adjusted -$3,381 for 16 sqft less living space. Net adjustment: -$3,381.
Adjusted -$40,781 for 193 sqft less living space and +$19,349 for being newer. Net adjustment: -$21,432.
Adjusted -$30,639 for 145 sqft less living space. Net adjustment: -$30,639.
Adjusted -$13,523 for 64 sqft less living space and -$21,768 for being older. Net adjustment: -$35,291.
The Neighborhood
This home is valued 7.0% 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 +7.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,412 across all districts. With a homestead exemption claimed, that drops to $6,793 — saving $1,619 per year. That's $566 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% | $4,486 |
| Leander | City | 0.4173% | $1,722 |
| Williamson County | County | 0.3694% | $1,525 |
| Austin Community College | special | 0.1034% | $427 |
| Williamson County FM/Rd | County | 0.0443% | $183 |
| Upper Brushy Creek WCID | Water | 0.0170% | $70 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,412 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $372,196 would pay approximately $2,323 per month (principal and interest only, excluding taxes and insurance).