500 MERLIN LN, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $240,234 and $527,361, with a best estimate of $283,992. That places the property below the L109517C - LARKSPUR R4 median of $391,558, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$283,992
$315,419
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L109517C - LARKSPUR R4, this home's estimated market value is between $240,234 and $527,361. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$70,678 for 256 sqft less living space. Net adjustment: -$70,678.
Adjusted +$120,373 for 436 sqft more living space and -$11,980 for being older. Net adjustment: +$108,393.
Adjusted -$136,110 for 493 sqft less living space. Net adjustment: -$136,110.
Adjusted -$146,325 for 530 sqft less living space. Net adjustment: -$146,325.
Adjusted +$81,721 for 296 sqft more living space. Net adjustment: +$81,721.
The Neighborhood
This home is valued 19.4% below the L109517C - LARKSPUR R4 median of $391,558. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.7% over the past year.
L109517C - LARKSPUR R4
below averageThis home is -19.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,976 across all districts. With a homestead exemption claimed, that drops to $6,396 — saving $1,580 per year. That's $533 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% | $3,428 |
| Williamson County MUD #32 | MUD | 0.8500% | $2,681 |
| Williamson County | County | 0.3694% | $1,165 |
| Austin Community College | special | 0.1034% | $326 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $235 |
| Williamson County FM/Rd | County | 0.0443% | $140 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.5286% | $7,976 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $283,992 would pay approximately $1,773 per month (principal and interest only, excluding taxes and insurance).