1106 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $346,241 and $512,999, with a best estimate of $356,827. That places the property below the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$356,827
$419,666
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in L237416D - MAGNOLIA CREEK SEC 2. The estimated range of $346,241 and $512,999 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$51,346 for 243 sqft more living space and -$7,256 for being older. Net adjustment: +$44,090.
Adjusted -$41,415 for 196 sqft less living space and +$14,512 for being newer. Net adjustment: -$26,903.
Adjusted +$32,752 for 155 sqft more living space and -$9,675 for being older. Net adjustment: +$23,077.
Adjusted -$2,747 for 13 sqft less living space and -$29,024 for being older. Net adjustment: -$31,771.
Adjusted -$20,285 for 96 sqft less living space and -$7,256 for being older. Net adjustment: -$27,541.
The Neighborhood
This home is valued 8.8% above the L237416D - MAGNOLIA CREEK SEC 2 median of $385,607. With 274 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 7.4% over the past year.
L237416D - MAGNOLIA CREEK SEC 2
typicalThis home is +8.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,554 across all districts. With a homestead exemption claimed, that drops to $6,934 — saving $1,620 per year. That's $578 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% | $4,561 |
| Leander | City | 0.4173% | $1,751 |
| Williamson County | County | 0.3694% | $1,550 |
| Austin Community College | special | 0.1034% | $434 |
| Williamson County FM/Rd | County | 0.0443% | $186 |
| Upper Brushy Creek WCID | Water | 0.0170% | $71 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,554 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $356,827 would pay approximately $2,227 per month (principal and interest only, excluding taxes and insurance).