1202 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $372,725 and $454,160, with a best estimate of $422,763. 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
$422,763
$437,245
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in L237416D - MAGNOLIA CREEK SEC 2. The estimated range of $372,725 and $454,160 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$12,467 for 59 sqft less living space and -$60,193 for no garage. Net adjustment: -$72,660.
Adjusted +$10,776 for 51 sqft more living space and -$60,193 for no garage. Net adjustment: -$49,417.
Adjusted +$29,793 for 141 sqft more living space and -$7,256 for being older and -$60,193 for no garage. Net adjustment: -$37,656.
Adjusted +$29,793 for 141 sqft more living space and -$9,675 for being older and -$60,193 for no garage. Net adjustment: -$40,075.
Adjusted +$24,722 for 117 sqft more living space and +$2,419 for being newer and -$60,193 for no garage. Net adjustment: -$33,052.
The Neighborhood
This home is valued 13.4% 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 +13.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,913 across all districts. With a homestead exemption claimed, that drops to $7,289 — saving $1,624 per year. That's $607 per month a buyer should budget. The assessed value increased -0.7% vs the subdivision average of -7.4%. This above-average increase gives a protest opportunity score of 34 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $4,752 |
| Leander | City | 0.4173% | $1,825 |
| Williamson County | County | 0.3694% | $1,615 |
| Austin Community College | special | 0.1034% | $452 |
| Williamson County FM/Rd | County | 0.0443% | $194 |
| Upper Brushy Creek WCID | Water | 0.0170% | $74 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,913 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $422,763 would pay approximately $2,639 per month (principal and interest only, excluding taxes and insurance).