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502 SPARKLING BROOK LN, LEANDER, TX 78641

LEANDER, 78641 — williamson County

3 bed2 bath1,055 sqftBuilt 2000

Property at a Glance

This home is estimated between $191,073 and $379,098, with a best estimate of $246,679. 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

$191,073 $379,098
Best Estimate
$246,679
WCAD Value
$260,390
High Confidence

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 $191,073 and $379,098. All 5 comparables are in the same subdivision, giving this estimate high confidence.

Comparable Properties (5)

506 RIVERWAY LN, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 1,571 sqft Built 2000
Raw Value $319,169
Adjusted Value $206,514

Adjusted -$112,655 for 516 sqft less living space. Net adjustment: -$112,655.

503 RIVERWAY LN, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 1,200 sqft Built 1999
Raw Value $277,455
Adjusted Value $246,679

Adjusted -$31,657 for 145 sqft less living space and +$881 for being newer. Net adjustment: -$30,776.

501 RIVERWAY LN, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 1,611 sqft Built 2001
Raw Value $313,342
Adjusted Value $191,073

Adjusted -$121,388 for 556 sqft less living space and -$881 for being older. Net adjustment: -$122,269.

505 RIVERWAY LN, LEANDER, TX 78641
0.03 mi 100% similar Same subdivision
3 bed 2 bath 898 sqft Built 1999
Raw Value $336,857
Adjusted Value $372,015

Adjusted +$34,277 for 157 sqft more living space and +$881 for being newer. Net adjustment: +$35,158.

508 RIVERWAY LN, LEANDER, TX 78641
0.04 mi 100% similar Same subdivision
3 bed 2 bath 935 sqft Built 2000
Raw Value $352,899
Adjusted Value $379,098

Adjusted +$26,199 for 120 sqft more living space. Net adjustment: +$26,199.

The Neighborhood

This home is valued 16.0% 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

below average
986 Properties
$310,157 Median Value
-3.9% YoY Change
1% Have Pool
97% Have Garage
This Home
$260,390
Median
$310,157

This home is -16.0% below the subdivision median.

Tax Analysis

The estimated annual property tax is $5,308 across all districts. With a homestead exemption claimed, that drops to $3,717 — saving $1,591 per year. That's $310 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

DistrictTypeRateAnnual Amount
Leander ISDSchool1.0869%$2,830
LeanderCity0.4173%$1,087
Williamson CountyCounty0.3694%$962
Austin Community Collegespecial0.1034%$269
Williamson County FM/RdCounty0.0443%$115
Upper Brushy Creek WCIDWater0.0170%$44
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.0384%$5,308

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $246,679 would pay approximately $1,540 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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