508 RIVERWAY LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $180,315 and $330,184, with a best estimate of $222,301. That places the property below 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
$222,301
$352,899
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 $180,315 and $330,184. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$73,357 for 336 sqft less living space and +$881 for being newer. Net adjustment: -$72,476.
Adjusted -$138,854 for 636 sqft less living space. Net adjustment: -$138,854.
Adjusted -$32,967 for 151 sqft less living space and +$881 for being newer. Net adjustment: -$32,086.
Adjusted -$57,856 for 265 sqft less living space and +$881 for being newer. Net adjustment: -$56,975.
Adjusted +$5,458 for 25 sqft more living space and +$881 for being newer. Net adjustment: +$6,339.
The Neighborhood
This home is valued 13.8% 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 +13.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,193 across all districts. With a homestead exemption claimed, that drops to $5,586 — saving $1,607 per year. That's $466 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% | $3,836 |
| Leander | City | 0.4173% | $1,473 |
| Williamson County | County | 0.3694% | $1,304 |
| Austin Community College | special | 0.1034% | $365 |
| Williamson County FM/Rd | County | 0.0443% | $156 |
| Upper Brushy Creek WCID | Water | 0.0170% | $60 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,193 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $222,301 would pay approximately $1,388 per month (principal and interest only, excluding taxes and insurance).