602 RIVERWAY LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $239,814 and $367,016, with a best estimate of $324,646. That places the property above the L101494H - North Creek Sec 1 & 2 median of $310,157, in a neighborhood that declined 3.9% over the past year.
Estimated Value Range
$324,646
$333,854
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L101494H - North Creek Sec 1 & 2, this home's estimated market value is between $239,814 and $367,016. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$25,762 for 118 sqft more living space. Net adjustment: +$25,762.
Adjusted -$7,205 for 33 sqft less living space and -$881 for being older. Net adjustment: -$8,086.
Adjusted -$12,663 for 58 sqft less living space and -$881 for being older. Net adjustment: -$13,544.
Adjusted +$2,838 for 13 sqft more living space. Net adjustment: +$2,838.
Adjusted -$37,115 for 170 sqft less living space. Net adjustment: -$37,115.
The Neighborhood
This home is valued 7.6% above the L101494H - North Creek Sec 1 & 2 median of $310,157. With 986 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is +7.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,805 across all districts. With a homestead exemption claimed, that drops to $5,201 — saving $1,604 per year. That's $433 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% | $3,629 |
| Leander | City | 0.4173% | $1,393 |
| Williamson County | County | 0.3694% | $1,233 |
| Austin Community College | special | 0.1034% | $345 |
| Williamson County FM/Rd | County | 0.0443% | $148 |
| Upper Brushy Creek WCID | Water | 0.0170% | $57 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,805 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $324,646 would pay approximately $2,026 per month (principal and interest only, excluding taxes and insurance).