1010 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $313,246 and $444,046, with a best estimate of $361,410. 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
$361,410
$487,370
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $313,246 and $444,046. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$5,705 for 27 sqft more living space and -$2,419 for being older. Net adjustment: +$3,286.
Adjusted -$16,904 for 80 sqft less living space and +$21,768 for being newer. Net adjustment: +$4,864.
Adjusted +$18,383 for 87 sqft more living space and +$21,768 for being newer. Net adjustment: +$40,151.
Adjusted -$72,899 for 345 sqft less living space and +$21,768 for being newer. Net adjustment: -$51,131.
Adjusted -$3,803 for 18 sqft less living space and -$9,675 for being older. Net adjustment: -$13,478.
The Neighborhood
This home is valued 26.4% 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
above averageThis home is +26.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,934 across all districts. With a homestead exemption claimed, that drops to $8,302 — saving $1,632 per year. That's $692 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% | $5,297 |
| Leander | City | 0.4173% | $2,034 |
| Williamson County | County | 0.3694% | $1,801 |
| Austin Community College | special | 0.1034% | $504 |
| Williamson County FM/Rd | County | 0.0443% | $216 |
| Upper Brushy Creek WCID | Water | 0.0170% | $83 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $9,934 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $361,410 would pay approximately $2,256 per month (principal and interest only, excluding taxes and insurance).