16408 TERRACE DR, AUSTIN, TX 78728
AUSTIN, 78728 — williamson County
Property at a Glance
This home is estimated between $190,679 and $345,804, with a best estimate of $324,761. That places the property above the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358, in a neighborhood that declined 9.6% over the past year.
Estimated Value Range
$324,761
$234,102
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN, this home's estimated market value is between $190,679 and $345,804. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$129,428 for 600 sqft less living space and +$3,118 for being newer. Net adjustment: -$126,310.
Adjusted +$91,247 for 423 sqft more living space and -$5,438 for no garage. Net adjustment: +$85,809.
Adjusted +$62,341 for 289 sqft more living space and -$6,236 for being older and -$5,438 for no garage. Net adjustment: +$50,667.
Adjusted -$49,183 for 228 sqft less living space and -$4,677 for being older. Net adjustment: -$53,860.
Adjusted +$95,776 for 444 sqft more living space. Net adjustment: +$95,776.
The Neighborhood
This home is valued 16.8% below the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.6% over the past year.
R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN
below averageThis home is -16.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,437 across all districts. With a homestead exemption claimed, that drops to $2,145 — saving $1,292 per year. That's $179 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 |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $2,010 |
| Williamson County | County | 0.3694% | $832 |
| Austin Community College | special | 0.1034% | $233 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $225 |
| Williamson County FM/Rd | County | 0.0443% | $100 |
| Upper Brushy Creek WCID | Water | 0.0170% | $38 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5272% | $3,437 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $324,761 would pay approximately $2,027 per month (principal and interest only, excluding taxes and insurance).