501 RIVERWAY LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $308,901 and $391,166, with a best estimate of $368,947. 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
$368,947
$313,342
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 $308,901 and $391,166. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$89,731 for 411 sqft more living space and +$1,761 for being newer. Net adjustment: +$91,492.
Adjusted +$121,825 for 558 sqft more living space. Net adjustment: +$121,825.
Adjusted +$66,152 for 303 sqft more living space and +$13,208 for being newer. Net adjustment: +$79,360.
Adjusted +$121,388 for 556 sqft more living space and +$881 for being newer. Net adjustment: +$122,269.
Adjusted -$8,515 for 39 sqft less living space. Net adjustment: -$8,515.
The Neighborhood
This home is in line with the L101494H - North Creek Sec 1 & 2 median of $310,157. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is +1.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,387 across all districts. With a homestead exemption claimed, that drops to $4,787 — 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% | $6,387 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $368,947 would pay approximately $2,303 per month (principal and interest only, excluding taxes and insurance).