1117 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $300,460 and $522,361, with a best estimate of $313,411. That places the property below the L138319C - ALTERRA median of $379,262, in a neighborhood that declined 7.7% over the past year.
Estimated Value Range
$313,411
$313,411
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L138319C - ALTERRA, this home's estimated market value is between $300,460 and $522,361. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$27,004 for 105 sqft less living space. Net adjustment: -$27,004.
Adjusted +$149,678 for 582 sqft more living space. Net adjustment: +$149,678.
This comparable closely matches the subject property's features.
Adjusted -$35,234 for 137 sqft less living space. Net adjustment: -$35,234.
Adjusted -$19,031 for 74 sqft less living space. Net adjustment: -$19,031.
The Neighborhood
This home is valued 17.4% below the L138319C - ALTERRA median of $379,262. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.7% over the past year.
L138319C - ALTERRA
below averageThis home is -17.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,388 across all districts. With a homestead exemption claimed, that drops to $4,788 — saving $1,600 per year. That's $399 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% | $3,406 |
| Leander | City | 0.4173% | $1,308 |
| Williamson County | County | 0.3694% | $1,158 |
| Austin Community College | special | 0.1034% | $324 |
| Williamson County FM/Rd | County | 0.0443% | $139 |
| Upper Brushy Creek WCID | Water | 0.0170% | $53 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,388 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $313,411 would pay approximately $1,956 per month (principal and interest only, excluding taxes and insurance).