509 RIVERWAY LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $318,504 and $382,905, with a best estimate of $341,949. That places the property above 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
$341,949
$319,770
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 $318,504 and $382,905. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$7,205 for 33 sqft more living space and -$1,761 for being older. Net adjustment: +$5,444.
Adjusted -$6,550 for 30 sqft less living space and +$11,447 for being newer. Net adjustment: +$4,897.
Adjusted +$15,501 for 71 sqft more living space and +$11,447 for being newer. Net adjustment: +$26,948.
Adjusted +$105,450 for 483 sqft more living space. Net adjustment: +$105,450.
Adjusted +$32,967 for 151 sqft more living space and -$881 for being older. Net adjustment: +$32,086.
The Neighborhood
This home is valued 3.1% 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 +3.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,518 across all districts. With a homestead exemption claimed, that drops to $4,916 — saving $1,602 per year. That's $410 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% | $3,476 |
| Leander | City | 0.4173% | $1,334 |
| Williamson County | County | 0.3694% | $1,181 |
| Austin Community College | special | 0.1034% | $331 |
| Williamson County FM/Rd | County | 0.0443% | $142 |
| Upper Brushy Creek WCID | Water | 0.0170% | $54 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,518 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $341,949 would pay approximately $2,134 per month (principal and interest only, excluding taxes and insurance).