3308 ELM RIDGE DR, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $980,048 and $1,117,710, with a best estimate of $1,043,427. That places the property below the L132614A - REAGANS OVERLOOK median of $1,249,806, in a neighborhood that declined 7.5% over the past year.
Estimated Value Range
$1,043,427
$1,077,408
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L132614A - REAGANS OVERLOOK, this home's estimated market value is between $980,048 and $1,117,710. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$220,851 for 654 sqft less living space. Net adjustment: -$220,851.
Adjusted -$202,278 for 599 sqft less living space. Net adjustment: -$202,278.
Adjusted -$175,601 for 520 sqft less living space and +$12,837 for being newer. Net adjustment: -$162,764.
Adjusted -$413,674 for 1,225 sqft less living space and +$12,837 for being newer. Net adjustment: -$400,837.
Adjusted -$419,753 for 1,243 sqft less living space. Net adjustment: -$419,753.
The Neighborhood
This home is valued 13.8% below the L132614A - REAGANS OVERLOOK median of $1,249,806. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.5% over the past year.
L132614A - REAGANS OVERLOOK
typicalThis home is -13.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $21,778 across all districts. With a homestead exemption claimed, that drops to $20,013 — saving $1,765 per year. That's $1,668 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% | $11,710 |
| Leander | City | 0.4173% | $4,496 |
| Williamson County | County | 0.3694% | $3,980 |
| Austin Community College | special | 0.1034% | $1,114 |
| Williamson County FM/Rd | County | 0.0443% | $478 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0214% | $21,778 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $1,043,427 would pay approximately $6,513 per month (principal and interest only, excluding taxes and insurance).