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12904 WATER WHEEL CV, AUSTIN, TX 78729

AUSTIN, 78729 — williamson County

3 bed2 bath1,594 sqftBuilt 1982

Property at a Glance

This home is estimated between $390,600 and $415,931, with a best estimate of $402,972. That places the property above the R350481H - Anderson Mill Village median of $347,704, in a neighborhood that declined 4.9% over the past year.

Estimated Value Range

$390,600 $415,931
Best Estimate
$402,972
WCAD Value
$343,952
High Confidence

Based on 5 comparable properties(5 in the same subdivision)

Based on 5 comparable properties in R350481H - Anderson Mill Village, this home's estimated market value is between $390,600 and $415,931. All 5 comparables are in the same subdivision, giving this estimate high confidence.

Comparable Properties (5)

12902 WATER WHEEL CV, AUSTIN, TX 78729
0.01 mi 100% similar Same subdivision
2 bed 2 bath 1,337 sqft Built 1982
Raw Value $350,813
Adjusted Value $415,931

Adjusted +$65,118 for 257 sqft more living space. Net adjustment: +$65,118.

12906 WATER WHEEL CV, AUSTIN, TX 78729
0.01 mi 100% similar Same subdivision
3 bed 2 bath 1,312 sqft Built 1982
Raw Value $319,148
Adjusted Value $390,600

Adjusted +$71,452 for 282 sqft more living space. Net adjustment: +$71,452.

12908 WATER WHEEL CV, AUSTIN, TX 78729
0.02 mi 100% similar Same subdivision
2 bed 2 bath 1,337 sqft Built 1982
Raw Value $337,854
Adjusted Value $402,972

Adjusted +$65,118 for 257 sqft more living space. Net adjustment: +$65,118.

12905 WATER MILL CV, AUSTIN, TX 78729
0.02 mi 100% similar Same subdivision
3 bed 2 bath 1,412 sqft Built 1982
Raw Value $366,983
Adjusted Value $413,097

Adjusted +$46,114 for 182 sqft more living space. Net adjustment: +$46,114.

12903 WATER MILL CV, AUSTIN, TX 78729
0.02 mi 100% similar Same subdivision
3 bed 2 bath 1,380 sqft Built 1982
Raw Value $339,537
Adjusted Value $393,759

Adjusted +$54,222 for 214 sqft more living space. Net adjustment: +$54,222.

The Neighborhood

This home is valued 1.1% below the R350481H - Anderson Mill Village median of $347,704. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.9% over the past year.

R350481H - Anderson Mill Village

typical
247 Properties
$347,704 Median Value
-4.9% YoY Change
1% Have Pool
98% Have Garage
This Home
$343,952
Median
$347,704

This home is -1.1% below the subdivision median.

Tax Analysis

The estimated annual property tax is $7,139 across all districts. With a homestead exemption claimed, that drops to $5,465 — saving $1,674 per year. That's $455 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

DistrictTypeRateAnnual Amount
Round Rock ISDSchool0.8931%$3,072
AustinCity0.5240%$1,802
Williamson CountyCounty0.3694%$1,271
Anderson Mill Limited Districtspecial0.1243%$428
Austin Community Collegespecial0.1034%$356
Williamson County FM/RdCounty0.0443%$152
Upper Brushy Creek WCIDWater0.0170%$58
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.0756%$7,139

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $402,972 would pay approximately $2,515 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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