1506 WATERFALL AVE, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $340,008 and $367,746, with a best estimate of $360,368. 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
$360,368
$327,314
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 $340,008 and $367,746. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$34,932 for 160 sqft more living space. Net adjustment: +$34,932.
Adjusted +$91,696 for 420 sqft more living space. Net adjustment: +$91,696.
Adjusted +$94,534 for 433 sqft more living space. Net adjustment: +$94,534.
Adjusted +$54,581 for 250 sqft more living space. Net adjustment: +$54,581.
Adjusted +$21,177 for 97 sqft more living space. Net adjustment: +$21,177.
The Neighborhood
This home is valued 5.5% 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 +5.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,672 across all districts. With a homestead exemption claimed, that drops to $5,069 — saving $1,603 per year. That's $422 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% | $3,558 |
| Leander | City | 0.4173% | $1,366 |
| Williamson County | County | 0.3694% | $1,209 |
| Austin Community College | special | 0.1034% | $338 |
| Williamson County FM/Rd | County | 0.0443% | $145 |
| Upper Brushy Creek WCID | Water | 0.0170% | $56 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $6,672 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $360,368 would pay approximately $2,249 per month (principal and interest only, excluding taxes and insurance).