1107 DRAKE CV, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $329,059 and $488,675, with a best estimate of $426,239. 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
$426,239
$393,628
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 $329,059 and $488,675. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$37,400 for 177 sqft more living space and -$19,349 for being older. Net adjustment: +$18,051.
Adjusted +$37,400 for 177 sqft more living space and -$19,349 for being older. Net adjustment: +$18,051.
Adjusted +$10,142 for 48 sqft more living space and -$19,349 for being older. Net adjustment: -$9,207.
Adjusted +$40,781 for 193 sqft more living space and -$19,349 for being older. Net adjustment: +$21,432.
Adjusted +$6,973 for 33 sqft more living space and -$4,837 for being older. Net adjustment: +$2,136.
The Neighborhood
This home is valued 2.1% 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 +2.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,024 across all districts. With a homestead exemption claimed, that drops to $6,408 — saving $1,616 per year. That's $534 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% | $4,278 |
| Leander | City | 0.4173% | $1,643 |
| Williamson County | County | 0.3694% | $1,454 |
| Austin Community College | special | 0.1034% | $407 |
| Williamson County FM/Rd | County | 0.0443% | $174 |
| Upper Brushy Creek WCID | Water | 0.0170% | $67 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $8,024 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $426,239 would pay approximately $2,661 per month (principal and interest only, excluding taxes and insurance).