1500 RIO BRAVO LOOP, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $224,413 and $389,981, with a best estimate of $253,360. 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
$253,360
$263,692
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 $224,413 and $389,981. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$69,209 for 317 sqft less living space. Net adjustment: -$69,209.
Adjusted +$33,185 for 152 sqft more living space. Net adjustment: +$33,185.
Adjusted -$73,357 for 336 sqft less living space. Net adjustment: -$73,357.
Adjusted -$81,871 for 375 sqft less living space. Net adjustment: -$81,871.
Adjusted +$7,423 for 34 sqft more living space. Net adjustment: +$7,423.
The Neighborhood
This home is valued 15.0% 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 -15.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,375 across all districts. With a homestead exemption claimed, that drops to $3,784 — saving $1,591 per year. That's $315 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% | $2,866 |
| Leander | City | 0.4173% | $1,100 |
| Williamson County | County | 0.3694% | $974 |
| Austin Community College | special | 0.1034% | $273 |
| Williamson County FM/Rd | County | 0.0443% | $117 |
| Upper Brushy Creek WCID | Water | 0.0170% | $45 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,375 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $253,360 would pay approximately $1,581 per month (principal and interest only, excluding taxes and insurance).