1004 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $417,856 and $495,377, with a best estimate of $461,343. That places the property above the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$461,343
$377,593
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L237416D - MAGNOLIA CREEK SEC 2, this home's estimated market value is between $417,856 and $495,377. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$108,820 for 515 sqft more living space and +$16,931 for being newer. Net adjustment: +$125,751.
Adjusted +$43,317 for 205 sqft more living space and +$2,419 for being newer. Net adjustment: +$45,736.
Adjusted +$48,810 for 231 sqft more living space and +$24,187 for being newer. Net adjustment: +$72,997.
Adjusted +$125,935 for 596 sqft more living space and +$24,187 for being newer. Net adjustment: +$150,122.
Adjusted +$57,262 for 271 sqft more living space and +$26,605 for being newer. Net adjustment: +$83,867.
The Neighborhood
This home is valued 2.1% below the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.4% over the past year.
L237416D - MAGNOLIA CREEK SEC 2
typicalThis home is -2.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,697 across all districts. With a homestead exemption claimed, that drops to $6,084 — saving $1,613 per year. That's $507 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% | $4,104 |
| Leander | City | 0.4173% | $1,576 |
| Williamson County | County | 0.3694% | $1,395 |
| Austin Community College | special | 0.1034% | $390 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,697 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $461,343 would pay approximately $2,880 per month (principal and interest only, excluding taxes and insurance).