508 MERLIN LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $205,093 and $414,389, with a best estimate of $316,454. That places the property below the L109517C - LARKSPUR R4 median of $391,558, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$316,454
$354,670
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L109517C - LARKSPUR R4, this home's estimated market value is between $205,093 and $414,389. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$65,432 for 237 sqft less living space. Net adjustment: -$65,432.
Adjusted -$55,217 for 200 sqft less living space and -$11,980 for being older. Net adjustment: -$67,197.
Adjusted +$70,678 for 256 sqft more living space. Net adjustment: +$70,678.
Adjusted -$165,099 for 598 sqft less living space and -$11,980 for being older. Net adjustment: -$177,079.
Adjusted -$199,886 for 724 sqft less living space. Net adjustment: -$199,886.
The Neighborhood
This home is valued 9.4% below the L109517C - LARKSPUR R4 median of $391,558. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.7% over the past year.
L109517C - LARKSPUR R4
typicalThis home is -9.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,968 across all districts. With a homestead exemption claimed, that drops to $7,381 — saving $1,587 per year. That's $615 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% | $3,855 |
| Williamson County MUD #32 | MUD | 0.8500% | $3,015 |
| Williamson County | County | 0.3694% | $1,310 |
| Austin Community College | special | 0.1034% | $367 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $264 |
| Williamson County FM/Rd | County | 0.0443% | $157 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.5286% | $8,968 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $316,454 would pay approximately $1,975 per month (principal and interest only, excluding taxes and insurance).