1503 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $187,453 and $366,806, with a best estimate of $227,257. 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
$227,257
$349,210
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 $187,453 and $366,806. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$32,967 for 151 sqft less living space. Net adjustment: -$32,967.
Adjusted +$25,544 for 117 sqft more living space. Net adjustment: +$25,544.
Adjusted -$109,599 for 502 sqft less living space. Net adjustment: -$109,599.
Adjusted -$109,599 for 502 sqft less living space and +$881 for being newer. Net adjustment: -$108,718.
Adjusted -$2,183 for 10 sqft less living space. Net adjustment: -$2,183.
The Neighborhood
This home is valued 12.6% 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 +12.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,118 across all districts. With a homestead exemption claimed, that drops to $5,511 — saving $1,607 per year. That's $459 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% | $3,796 |
| Leander | City | 0.4173% | $1,457 |
| Williamson County | County | 0.3694% | $1,290 |
| Austin Community College | special | 0.1034% | $361 |
| Williamson County FM/Rd | County | 0.0443% | $155 |
| Upper Brushy Creek WCID | Water | 0.0170% | $59 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,118 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $227,257 would pay approximately $1,419 per month (principal and interest only, excluding taxes and insurance).