506 MILLCREEK LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $244,690 and $277,521, with a best estimate of $273,265. That places the property below the L101494H - North Creek Sec 1 & 2 median of $310,157, in a neighborhood that declined 3.9% over the past year.
Estimated Value Range
$273,265
$276,233
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L101494H - North Creek Sec 1 & 2, this home's estimated market value is between $244,690 and $277,521. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$2,402 for 11 sqft more living space and -$881 for being older. Net adjustment: +$1,521.
Adjusted -$15,938 for 73 sqft less living space and -$881 for being older. Net adjustment: -$16,819.
Adjusted -$40,390 for 185 sqft less living space. Net adjustment: -$40,390.
Adjusted -$40,827 for 187 sqft less living space and +$881 for being newer. Net adjustment: -$39,946.
Adjusted -$51,524 for 236 sqft less living space and +$881 for being newer. Net adjustment: -$50,643.
The Neighborhood
This home is valued 10.9% below the L101494H - North Creek Sec 1 & 2 median of $310,157. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.9% over the past year.
L101494H - North Creek Sec 1 & 2
typicalThis home is -10.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,631 across all districts. With a homestead exemption claimed, that drops to $4,037 — saving $1,594 per year. That's $336 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% | $3,002 |
| Leander | City | 0.4173% | $1,153 |
| Williamson County | County | 0.3694% | $1,021 |
| Austin Community College | special | 0.1034% | $286 |
| Williamson County FM/Rd | County | 0.0443% | $122 |
| Upper Brushy Creek WCID | Water | 0.0170% | $47 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0384% | $5,631 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $273,265 would pay approximately $1,706 per month (principal and interest only, excluding taxes and insurance).