1501 RIO BRAVO LOOP, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $239,842 and $404,851, with a best estimate of $277,446. 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
$277,446
$266,126
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 $239,842 and $404,851. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$81,653 for 374 sqft more living space. Net adjustment: +$81,653.
Adjusted -$59,602 for 273 sqft less living space. Net adjustment: -$59,602.
Adjusted +$59,166 for 271 sqft more living space. Net adjustment: +$59,166.
Adjusted -$68,117 for 312 sqft less living space. Net adjustment: -$68,117.
Adjusted +$13,754 for 63 sqft more living space. Net adjustment: +$13,754.
The Neighborhood
This home is valued 14.2% 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 -14.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,425 across all districts. With a homestead exemption claimed, that drops to $3,833 — saving $1,592 per year. That's $319 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% | $2,893 |
| Leander | City | 0.4173% | $1,110 |
| Williamson County | County | 0.3694% | $983 |
| Austin Community College | special | 0.1034% | $275 |
| Williamson County FM/Rd | County | 0.0443% | $118 |
| Upper Brushy Creek WCID | Water | 0.0170% | $45 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,425 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $277,446 would pay approximately $1,732 per month (principal and interest only, excluding taxes and insurance).