1103 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $361,126 and $624,570, with a best estimate of $418,397. 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
$418,397
$380,581
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in L237416D - MAGNOLIA CREEK SEC 2. The estimated range of $361,126 and $624,570 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$42,894 for 203 sqft less living space and -$9,675 for being older. Net adjustment: -$52,569.
Adjusted -$42,260 for 200 sqft less living space. Net adjustment: -$42,260.
Adjusted -$2,958 for 14 sqft less living space and -$33,861 for being older. Net adjustment: -$36,819.
Adjusted -$69,940 for 331 sqft less living space and -$9,675 for being older. Net adjustment: -$79,615.
Adjusted -$108,608 for 514 sqft less living space. Net adjustment: -$108,608.
The Neighborhood
This home is valued 1.3% 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 -1.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,758 across all districts. With a homestead exemption claimed, that drops to $6,145 — saving $1,613 per year. That's $512 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% | $4,137 |
| Leander | City | 0.4173% | $1,588 |
| Williamson County | County | 0.3694% | $1,406 |
| Austin Community College | special | 0.1034% | $394 |
| Williamson County FM/Rd | County | 0.0443% | $169 |
| Upper Brushy Creek WCID | Water | 0.0170% | $65 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $7,758 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $418,397 would pay approximately $2,612 per month (principal and interest only, excluding taxes and insurance).