1101 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $289,070 and $416,075, with a best estimate of $375,577. 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
$375,577
$470,624
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 $289,070 and $416,075. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
This comparable closely matches the subject property's features.
Adjusted -$37,400 for 177 sqft less living space and +$19,349 for being newer. Net adjustment: -$18,051.
Adjusted -$27,258 for 129 sqft less living space. Net adjustment: -$27,258.
Adjusted -$10,142 for 48 sqft less living space and -$21,768 for being older. Net adjustment: -$31,910.
Adjusted +$3,381 for 16 sqft more living space. Net adjustment: +$3,381.
The Neighborhood
This home is valued 22.0% 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
above averageThis home is +22.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,593 across all districts. With a homestead exemption claimed, that drops to $7,964 — saving $1,629 per year. That's $664 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% | $5,115 |
| Leander | City | 0.4173% | $1,964 |
| Williamson County | County | 0.3694% | $1,739 |
| Austin Community College | special | 0.1034% | $487 |
| Williamson County FM/Rd | County | 0.0443% | $209 |
| Upper Brushy Creek WCID | Water | 0.0170% | $80 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $9,593 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $375,577 would pay approximately $2,344 per month (principal and interest only, excluding taxes and insurance).