1400 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $257,797 and $304,903, with a best estimate of $282,440. 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
$282,440
$292,268
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 $257,797 and $304,903. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$12,444 for 57 sqft less living space. Net adjustment: -$12,444.
Adjusted +$39,735 for 182 sqft more living space and +$881 for being newer. Net adjustment: +$40,616.
Adjusted -$87,766 for 402 sqft less living space. Net adjustment: -$87,766.
Adjusted -$91,259 for 418 sqft less living space. Net adjustment: -$91,259.
Adjusted +$437 for 2 sqft more living space and +$881 for being newer. Net adjustment: +$1,318.
The Neighborhood
This home is valued 5.8% below the L101494H - North Creek Sec 1 & 2 median of $310,157. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is -5.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,957 across all districts. With a homestead exemption claimed, that drops to $4,361 — saving $1,596 per year. That's $363 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% | $3,177 |
| Leander | City | 0.4173% | $1,220 |
| Williamson County | County | 0.3694% | $1,080 |
| Austin Community College | special | 0.1034% | $302 |
| Williamson County FM/Rd | County | 0.0443% | $130 |
| Upper Brushy Creek WCID | Water | 0.0170% | $50 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,957 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $282,440 would pay approximately $1,763 per month (principal and interest only, excluding taxes and insurance).