16502 TERRACE DR, AUSTIN, TX 78728
AUSTIN, 78728 — williamson County
Property at a Glance
This home is estimated between $153,250 and $303,892, with a best estimate of $276,191. That places the property below the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358, in a neighborhood that declined 9.6% over the past year.
Estimated Value Range
$276,191
$235,255
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $153,250 and $303,892. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$96,424 for 447 sqft more living space and -$23,385 for being older and +$5,438 for having a garage. Net adjustment: +$78,477.
Adjusted +$88,658 for 411 sqft more living space and -$37,417 for being older and +$5,438 for having a garage. Net adjustment: +$56,679.
Adjusted -$81,539 for 378 sqft less living space and -$15,590 for being older and +$5,438 for having a garage. Net adjustment: -$91,691.
Adjusted +$55,870 for 259 sqft more living space and -$70,156 for being older and +$5,438 for having a garage. Net adjustment: -$8,848.
Adjusted -$25,023 for 116 sqft less living space and -$93,541 for being older. Net adjustment: -$118,564.
The Neighborhood
This home is valued 16.4% below the R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN median of $281,358. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.6% over the past year.
R332479H - CHISHOLM VALLEY & NORTHRIDGE ACRES & WILLOW RUN
below averageThis home is -16.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,480 across all districts. With a homestead exemption claimed, that drops to $2,188 — saving $1,292 per year. That's $182 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 |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $2,035 |
| Williamson County | County | 0.3694% | $842 |
| Austin Community College | special | 0.1034% | $236 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $228 |
| Williamson County FM/Rd | County | 0.0443% | $101 |
| Upper Brushy Creek WCID | Water | 0.0170% | $39 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5272% | $3,480 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $276,191 would pay approximately $1,724 per month (principal and interest only, excluding taxes and insurance).