2851 E NEW HOPE DR, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $587,363 and $1,150,870, with a best estimate of $773,711. That places the property above the L010D82C - Leander Williamson Abstracts le 20 Acres median of $755,063, in a neighborhood that declined 25.0% over the past year.
Estimated Value Range
$773,711
$525,330
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L010D82C - Leander Williamson Abstracts le 20 Acres, this home's estimated market value is between $587,363 and $1,150,870. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$64,329 for 197 sqft less living space and -$76,135 for being older. Net adjustment: -$140,464.
Adjusted +$52,573 for 161 sqft more living space and -$65,258 for being older. Net adjustment: -$12,685.
Adjusted +$78,696 for 241 sqft more living space and +$32,629 for being newer. Net adjustment: +$111,325.
Adjusted +$120,167 for 368 sqft more living space and +$10,876 for being newer. Net adjustment: +$131,043.
Adjusted +$28,736 for 88 sqft more living space and +$87,011 for being newer. Net adjustment: +$115,747.
The Neighborhood
This home is valued 30.4% below the L010D82C - Leander Williamson Abstracts le 20 Acres median of $755,063. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 25.0% over the past year.
L010D82C - Leander Williamson Abstracts le 20 Acres
below averageThis home is -30.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $10,407 across all districts. With a homestead exemption claimed, that drops to $8,770 — saving $1,637 per year. That's $731 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% | $5,710 |
| Williamson County | County | 0.3694% | $1,941 |
| Cedar Park | City | 0.3600% | $1,891 |
| Austin Community College | special | 0.1034% | $543 |
| Williamson County FM/Rd | County | 0.0443% | $233 |
| Upper Brushy Creek WCID | Water | 0.0170% | $89 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $10,407 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $773,711 would pay approximately $4,829 per month (principal and interest only, excluding taxes and insurance).