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$323,093

NAL Estimated Property Value

1516 Honaker Way, Leander, TX, 78641

$345,773 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,837 Sq Ft
price_per_sqft$174.2 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Exhaust Fan, Disposal, Gas Oven, Gas Water Heater, Microwave, Plumbed For Ice Maker
FlooringCarpet, Tile

Exterior

Exterior FeaturesExterior Steps, Lighting, Permeable Paving, Private Yard

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-17-W424-0000-0045
Land UseResidential
Legal DescriptionC560 - HOMESTEAD TOWNHOMES CONDO, UNIT 45, 0.781% COMMON AREA INTEREST
Census Tract020342
Assessed Land Value$80,193
Assessed Improvement Value$242,900
Assessment Year2025

About this property

Located in the Homestead neighborhood, this home is a desirable option thanks to its prime location and approachable price point. Just minutes from Northline Leander, the upcoming Target development, H-E-B Plus, and the Leander Metro Rail, it offers excellent access to shopping, dining, and major employers like Apple, Dell, IBM, and Downtown Austin. This thoughtful floorplan includes 3 bedrooms and 2.5 bathrooms, with all bedrooms and the laundry room conveniently located upstairs. The main floor features an open-concept living, dining, and kitchen area with wood flooring and abundant natural light. The kitchen offers ample counter space with gorgeous quartz countertops and very complimentary backsplash, stainless steel appliances, and a generous pantry. Upstairs, you'll find brand new carpet installed June 13th, enhancing comfort and appeal throughout the bedrooms. The primary suite includes a large walk-in closet and a private ensuite bath with an oversized walk-in shower. One of the secondary bedrooms features a Jack-and-Jill layout, providing direct bathroom access for guests or residents—perfect for functionality and privacy. Enjoy evenings on the covered back patio overlooking a fully fenced backyard, ideal for relaxing or entertaining. Homestead residents enjoy community trails, a park, and open green spaces, offering outdoor enjoyment year-round. Zoned to Hisle Elementary, Danielson Middle School, and Glenn High School, this home is within walking distance to both Danielson and Glenn, and Hisle Elementary is a short drive and still walkable. Tax rate: 2.01% | HOA dues: $65/Month | Trails and Park are part of the communities amenities. Nearby Deerbrooke trails are available for homeowners as well. A smart opportunity in one of Leander’s growing communities—this home is move-in ready and full of value.

Investor Tools

Property Icon
$323,093
Estimated Property Value
$276,478Estimated Mortgage Balance
$47,141Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$345,773
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,939 /month
Positive
Cash Flow Estimate:
$646 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$751/month
$65/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,391
$323,093
2025
$80,193
$242,900
$323,093
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,391
$323,093

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Advisa Mortgage Services Ltd
Conventional
$303,337
No
First
Aug 27, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,478
$46,615
14%
86%
$1,819/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,500/mo
$1,884/mo
+$616/mo
9.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Leander

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1516 Honaker Way | Property Details | No Agent List