109 Leon Loop
Liberty Hill, TX 78642
MLS # 8502031
Prepared for —
Prepared by Diane Hart Alexander
Expired Property Seller Model
Version 14.473
Wednesday, October 28, 2026 · 1:37 PM CDT
Privileged & Confidential For use by ALEX Agents and Clients only. Sharing this report or its information with any third party without ALEX’s express written consent is prohibited and subjects the disclosing party to legal action. ALEX Model · Patent Pending
Summary
This valuation is for 109 Leon Loop in Santa Rita Ranch South, Liberty Hill, TX. It is listed at $649,900 and has been on the market for 127 days. We compared it with the five recent sales of homes most like it. We think it is worth between $563,227 and $628,027, which is 13.3% to 3.4% below its asking price.
Where it is
This homeSold #1 · 216 Rieti PkwySold #2 · 117 Rosa DrSold #3 · 504 Leon LoopSold #4 · 104 Leon LoopSold #5 · 109 Mark WayFor sale now in this area · 17
The property
List price$649,900
StatusExpired
List price per SF$196
Days on market127
Living area3,316 SF
Year built2018
Bedrooms4
Baths3.1
Lot0.20 acres
Garage2-car
StoriesTwo
TypeSingle Family
HOA dues$116 monthly
WCAD value 2026$643,869
SubdivisionSanta Rita Ranch South
Elementary schoolSanta Rita Elementary
Property tax*$14,290
Tax rate2.2195%
FEMA flood zone†X · minimal risk
FIRM panel48491C0275E · 9/26/2008
† Zone X: minimal risk (area of minimal flood hazard). Source: FEMA National Flood Hazard Layer (Flood Insurance Rate Map), hazards.fema.gov, read 10/28/2026 at the listing’s map point. A map reading, not a flood zone determination; a lender orders one for a loan.
* WCAD 2026 value $643,869 × tax rate 2.219465% = $14,290 a year, with no exemptions.
Property values
ALEX Model
The ALEX Model is unique in both comparable selection and precision valuation.
Step 1 · Comparable sale selection
| Stage | What it keeps | Sales left | |
|---|---|---|---|
| 1.1 | Closed sales in the market area that are fair evidenceBank-owned, short, auction, HUD, corporate and probate sales, fair or poor condition and flood-zone sales are excluded. | 181 | |
| 1.2 | In this home's subdivision | 7 | |
| 1.3 | Same school districtChecked against the official district map. | 7 | |
| 1.4 | Same elementary schoolChecked against the official attendance-zone map. | 7 | |
| 1.5 | The same kind of homeRemoved: stories 1, waterfront 1. | 5 | |
| 1.6 | Searched: Santa Rita Ranch SouthThis home's subdivision only, sales back to August 2022 when needed. | 5 | |
| 1.7 | Within 25% of this home's size, sold in the last 24 months | 5 | |
| 1.8 | Close enough on seven measures of similarity | 5 | |
| Measure of similarity – Living area (log scale) · counts in 2.11 Similarity | |||
| Measure of similarity – Year built · counts in 2.11 Similarity | |||
| Measure of similarity – Lot size (log scale) · counts in 2.11 Similarity | |||
| Measure of similarity – Distance from this home (miles) · counts in 2.10 Proximity | |||
| Measure of similarity – Months since the sale · counts in 2.12 Recency | |||
| Measure of similarity – Bedrooms · counts in 2.11 Similarity | |||
| Measure of similarity – Bathrooms · counts in 2.11 Similarity | |||
| 1.9 | Comparable sales used | 5 |
Step 2 · Valuation
216 Rieti, the sale that counts most, stage by stage. Every sale goes through the same stages; each one’s figures are in Detailed comparable sale valuations.
| Stage | What it does | Change | Value |
|---|---|---|---|
| 2.1 | Closed priceWhat the sale closed for, as recorded in the MLS | $660,000 | |
| 2.2 | Buyer closing costs paid by sellerThe sale price less the buyer’s closing costs the seller paid, as recorded in the MLS | −$9,000 | $651,000 |
| 2.3 | Buyer required repairs paid by sellerLess the repairs the seller paid at the buyer’s request, as recorded in the MLS | none | $651,000 |
| 2.4 | Time adjustmentBrought to today with ALEX’s index | −$11,549 | $639,451 |
| 2.5 | ALEX Model ChangesEach difference from this home — bathrooms, garage, lot size, view, age and the rest — priced at what ABOR closed sales in the same price range show the market pays | −$9,242 | $630,209 |
| 2.6 | ALEX Agent ChangesAny ALEX line the agent revised, at the agent’s figure | none | $630,209 |
| 2.7 | Additional Agent ChangesAny line the agent added | none | $630,209 |
| 2.8 | SF adjustmentThe adjusted price per SF times this home’s SF | −$84,149 | $546,060 |
| 2.9 | Size correctionLarger homes sell for less per SF, as measured on the market | +$50,942 | $597,002 |
| Value from this sale | $597,002 | ||
| 2.10 | ProximityDistance from this home; how closely this sale matches, 100% = identical | 100% match | |
| 2.11 | SimilaritySize, year built, lot, beds, baths; how closely this sale matches, 100% = identical | 96% match | |
| 2.12 | RecencyMonths since the sale; how closely this sale matches, 100% = identical | 99% match | |
| 2.13 | WeightHow much this sale counts in the ALEX Model valuation. Sales most like the home count for more, whether ALEX or the agent selected them | 25.7% |
ALEX Model valuation
ALEX Model valuation$593,272the weighted average of five sales
Lowest$563,227lowest value from one sale
Median$597,002half the weight above, half below
Highest$628,027highest value from one sale
Each bar is one sale’s value after every Step 2 stage (2.1–2.9). Beneath it: its weight (2.13), then how closely it matches this home on proximity · similarity · recency (2.10–2.12, 100% = identical). Darker bars count for more. The gold line is the ALEX Model valuation: each sale’s value counted by its weight. Sales most like the home count for more, whether ALEX or the agent selected them.
How the two models differ
Standard Arithmetic Model
$189.95 × 3,316 SF = $629,864
Unweighted
| #1 | 216 Rieti Pkwy | 20.0% | $571,874 | |
| #2 | 117 Rosa Dr | 20.0% | $566,233 | |
| #3 | 504 Leon Loop | 20.0% | $716,137 | |
| #4 | 104 Leon Loop | 20.0% | $581,445 | |
| #5 | 109 Mark Way | 20.0% | $713,631 |
ALEX Model
Range of weighted values of five sales = $563,227 – $628,027
Weighted
| #1 | 216 Rieti Pkwy | 25.7% | $597,002 | |
| #2 | 117 Rosa Dr | 25.4% | $563,227 | |
| #3 | 504 Leon Loop | 23.7% | $613,052 | |
| #4 | 104 Leon Loop | 13.4% | $577,482 | |
| #5 | 109 Mark Way | 11.8% | $628,027 |
Questions about this report? Talk it over with Diane Hart Alexander, Designated Broker · +1 713.591.9902 · [email protected]. The data is current as of October 28, 2026.
This is a comparable-sales opinion of value. It is not a certified appraisal and not a mortgage or lending document. Sale prices are net of seller-paid closing costs and buyer-requested repairs, adjusted to today with ALEX’s index. Sale and listing data: ABOR MLS via secure APIs, as of October 28, 2026, 1:30 PM CDT. Tax values: the county appraisal district where available. ALEX Companies · Licensed by the Texas Real Estate Commission · Broker: Alexander Tiffany Southwest, LLC, #565194-BB · Diane Hart Alexander, Designated Broker, #574877-B.
Detailed comparable sale valuations
 109 LeonThis homeMLS # 8502031 |  216 RietiSale 1MLS # 9612655 |  117 RosaSale 2MLS # 9311538 |  504 LeonSale 3MLS # 2515741 |  104 LeonSale 4MLS # 4804904 |  109 MarkSale 5MLS # 5866339 | |
|---|---|---|---|---|---|---|
| Summary | ||||||
| Weight | — | 25.7% | 25.4% | 23.7% | 13.4% | 11.8% |
| Proximity match | — | 100% | 100% | 100% | 100% | 100% |
| Similarity match | — | 96% | 96% | 97% | 97% | 100% |
| Recency match | — | 99% | 99% | 90% | 53% | 43% |
| 2.1 · Closed price | — | $660,000 | $640,000 | $625,000 | $660,000 | $733,000 |
| SF | 3,316 SF | 3,827 SF | 3,748 SF | 2,894 SF | 3,764 SF | 3,406 SF |
| $/SF | — | $172 | $171 | $216 | $175 | $215 |
| Standard Arithmetic Model | — | $571,874 | $566,233 | $716,137 | $581,445 | $713,631 |
| 2.2 · Buyer closing costs paid by seller | — | −$9,000 | −$3,000 | −$15,000 | — | — |
| 2.3 · Buyer required repairs paid by seller | — | — | — | — | −$6,000 | — |
| 2.4 · Time adjustment | — | −$11,549 | −$22,464 | −$10,893 | −$43,304 | −$57,075 |
| 2.5 · ALEX Model Changes | — | −$9,242 | −$24,646 | −$16,776 | −$4,903 | −$41,513 |
| 2.6 · ALEX Agent Changes | — | — | — | — | — | — |
| 2.7 · Additional Agent Changes | — | — | — | — | — | — |
| 2.8 · SF adjustment | — | −$84,149 | −$67,992 | +$84,915 | −$72,103 | −$16,764 |
| 2.9 · Size correction | — | +$50,942 | +$41,329 | −$54,194 | +$43,792 | +$10,379 |
| ALEX Model valuation | — | $597,002 | $563,227 | $613,052 | $577,482 | $628,027 |
| 1 · Comparable sale selection | ||||||
| Distance | — | 0.38 mi N | 0.26 mi NNW | 0.07 mi WNW | 0.03 mi SE | 0.06 mi NNW |
| Subdivision | Santa | Santa | Santa | Santa | Santa | Santa |
| Living area | 3,316 SF | 3,827 SF | 3,748 SF | 2,894 SF | 3,764 SF | 3,406 SF |
| Bedrooms | 4 | 5 | 5 | 4 | 5 | 4 |
| Bathrooms | 3.1 | 4.1 | 4.1 | 2.1 | 4 | 3.1 |
| Year built | 2018 | 2020 | 2020 | 2018 | 2019 | 2018 |
| Lot area | 8,830 SF | 7,492 SF | 9,923 SF | 7,357 SF | 7,488 SF | 7,523 SF |
| Garage | 2-car | 2-car | 2-car | 3-car | 3-car | 2-car |
| Levels | Two | Two | Two | Two | Two | Two |
| 2.1 · Closed price | ||||||
| Listing date | 06/15/26 | 08/30/25 | 06/03/26 | 10/20/25 | 02/03/24 | 08/24/24 |
| Close date | Expired | 08/14/26 | 07/17/26 | 01/05/26 | 01/13/25 | 11/08/24 |
| Days on market | 127 | 316 | 8 | 32 | 285 | 49 |
| List price | $649,900 | $655,999 | $660,000 | $625,000 | $670,000 | $735,000 |
| Sale price | — | $660,000 | $640,000 | $625,000 | $660,000 | $733,000 |
| 2.2 · Buyer closing costs paid by seller | ||||||
| Closing costs | — | −$9,000 | −$3,000 | −$15,000 | — | — |
| Section 3 subtotal | — | −$9,000 | −$3,000 | −$15,000 | — | — |
| 2.3 · Buyer required repairs paid by seller | ||||||
| Repairs in contract | — | — | — | — | −$6,000 | — |
| Repairs after inspection | — | — | — | — | — | — |
| Repairs after appraisal | — | — | — | — | — | — |
| Section 4 subtotal | — | — | — | — | −$6,000 | — |
| 2.4 · Time adjustment | ||||||
| Months from sale to today | — | 2 months | 3 months | 9 months | 21 months | 23 months |
| Section 5 subtotal | — | −$11,549 | −$22,464 | −$10,893 | −$43,304 | −$57,075 |
| 2.5 · ALEX Model Changes and 2.6 · ALEX Agent Changes | ||||||
| Age | — | −$2,703 | −$2,564 | — | −$2,590 | −$2,789 |
| Back yard | — | — | — | — | — | — |
| Bedroom count | — | — | — | — | — | — |
| Casita | — | — | — | — | — | — |
| Corner lot | — | — | +$4,480 | — | — | — |
| Cul-de-sac | — | — | — | — | — | — |
| Deck | — | — | — | — | — | — |
| Exterior condition | — | — | — | — | — | — |
| Fence | — | +$7,182 | — | — | — | — |
| Fireplace | — | — | — | — | +$7,346 | — |
| Flood plain | — | — | — | — | — | — |
| Foundation | — | — | — | — | — | — |
| Front yard | — | — | — | — | — | — |
| Full bath | — | −$17,469 | −$16,569 | +$16,254 | −$16,738 | — |
| Full bath 2 | — | — | — | — | — | — |
| Full bath 3 | — | — | — | — | — | — |
| Garage | — | — | −$7,421 | −$14,559 | −$14,992 | — |
| Guest suite | — | — | — | — | +$4,070 | — |
| Half bath | — | — | — | — | +$7,463 | — |
| Interior condition | — | $0 | $0 | +$15,444 | $0 | $0 |
| Interior lighting | — | — | — | — | — | — |
| Interior quality | — | — | — | — | — | — |
| Lot size | — | +$7,997 | −$5,392 | +$8,265 | +$7,689 | +$8,046 |
| Outbuilding | — | — | — | — | — | — |
| Outdoor kitchen | — | — | — | — | — | — |
| Patio | — | −$4,249 | −$4,030 | −$3,953 | −$4,071 | −$4,384 |
| Pool | — | — | — | −$44,947 | — | −$49,837 |
| Primary bath | — | — | — | — | — | — |
| Septic | — | — | — | — | — | — |
| Solar | — | — | — | — | — | — |
| Stories | — | — | — | — | — | — |
| Study office | — | — | +$6,850 | +$6,720 | +$6,920 | +$7,451 |
| Updated or remodeled | — | — | — | — | — | — |
| View | — | — | — | — | — | — |
| Well | — | — | — | — | — | — |
| 2.5 and 2.6 subtotal | — | −$9,242 | −$24,646 | −$16,776 | −$4,903 | −$41,513 |
| 2.7 · Additional Agent Changes | ||||||
| Interior condition (from showing) | ||||||
| 2.7 subtotal | — | — | — | — | — | — |
| 2.8 · SF adjustment | ||||||
| Section 8 subtotal | — | −$84,149 | −$67,992 | +$84,915 | −$72,103 | −$16,764 |
| 2.9 · Size correction | ||||||
| Section 9 subtotal | — | +$50,942 | +$41,329 | −$54,194 | +$43,792 | +$10,379 |