1201 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $296,872 and $447,496, with a best estimate of $323,942. 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
$323,942
$302,539
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 $296,872 and $447,496. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$25,326 for 116 sqft more living space. Net adjustment: +$25,326.
Adjusted -$30,129 for 138 sqft less living space. Net adjustment: -$30,129.
Adjusted +$21,396 for 98 sqft more living space. Net adjustment: +$21,396.
Adjusted -$4,585 for 21 sqft less living space. Net adjustment: -$4,585.
Adjusted +$126,410 for 579 sqft more living space and +$881 for being newer. Net adjustment: +$127,291.
The Neighborhood
This home is valued 2.5% 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
typicalThis home is -2.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,167 across all districts. With a homestead exemption claimed, that drops to $4,568 — saving $1,599 per year. That's $381 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% | $3,288 |
| Leander | City | 0.4173% | $1,262 |
| Williamson County | County | 0.3694% | $1,118 |
| Austin Community College | special | 0.1034% | $313 |
| Williamson County FM/Rd | County | 0.0443% | $134 |
| Upper Brushy Creek WCID | Water | 0.0170% | $51 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,167 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $323,942 would pay approximately $2,022 per month (principal and interest only, excluding taxes and insurance).