Active Listing  ·  35 days on market

961 Oak Chase Way #40

Leander, TX 78641
$443,000
4 Bed 3 Bath 2,549 sqft $174/sqft Built 2024 0.12 acres 2-Car Garage Pool Deerbrooke

Built by Chesmar Homes and situated within one of Deerbrooke’s detached condominium sections, this two-story home combines a flexible floor plan, modern finishes, generous living spaces and no direct rear neighbors. A spacious covered front porch welcomes you home, while the two-car garage provides everyday functionality. Inside, tall ceilings, oversized windows and abundant natural light make the main living areas feel open and bright. Light oak-toned luxury vinyl plank flooring provides a warm contrast to the home’s dramatic finishes. The kitchen is a standout, with matte black cabinetry paired with striking white quartz countertops featuring bold gray veining, a complementary backsplash, gold-toned fixtures and built-in stainless steel appliances. The large kitchen keeps the dining and living areas visually connected. Just off the kitchen, the dedicated dining area comfortably accommodates a table for eight, ideal for larger dinners and entertaining. Near the entrance, a secondary downstairs bedroom provides excellent flexibility. With access to a full bathroom, it can function as a guest room, home office, workout room, playroom or hobby space. The primary suite is privately positioned at the rear of the first floor, featuring a tray ceiling and spacious ensuite with dual vanities, a large walk-in shower and oversized walk-in closet. Outside, no direct rear neighbors and a substantial covered patio create plenty of room for outdoor dining, entertaining or enjoying those cooler Texas evenings when they decide to make an appearance. Upstairs are two additional bedrooms, a full bathroom and large game room, creating a true second living area for movies, gaming, homework or relaxing without sacrificing the main living room downstairs.

At $174/sqft, this home is 24% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

961 Oak Chase Way #40, Leander, TX 78641

Property Details

Price $443,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,549 sqft
Lot Size 0.12 acres (5,227.2 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Deerbrooke
County Williamson
Zip Code 78641
$/sqft $174/sqft
Days on Market ,
HOA $420/Quarterly
Annual Tax Est. $8,591
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248961652
List Date October 8, 2026
Elementary School Hisle
Middle School Danielson
High School Glenn
School District Leander ISD

Leander ISD

Hisle · Danielson · Glenn

Luke Allen (TREC #788149) has deep knowledge of Leander and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · October 8, 2026 $450,000
Current ask $443,000
▼ Reduced $7,000 (-1.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Leander

Comparable Listings Right Now

Homes currently for sale in Leander with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1601 Harrongton Way
Homestead Ph 1
$450,000 $169 3 bd / 3 ba 2,659 sqft , 2026-07-17
1216 Low Branch Ln
Deerbrooke Ph 1
$450,000 $189 5 bd / 3 ba 2,385 sqft , 2026-10-30
91 Skyview Ter
High Gabriel West Sec 02
$429,900 $231 4 bd / 2 ba 1,858 sqft , 2026-09-30
2401 Brook Crest Way
Final Plat/Deerbrooke Ph 1
$424,999 $199 3 bd / 2 ba 2,138 sqft , 2026-11-06
2720 Sage Ranch Dr
Deerbrooke Ph 2 Sec 4
$377,900 $181 4 bd / 3 ba 2,088 sqft , 2026-03-19

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,126/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$88,600
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$2,126
Principal + Interest−$2,418
Property Tax (assumed ~2.1%)−$775
Insurance (assumed ~0.5%)−$185
Est. Monthly Cash Flow $-1,252

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Leander, TX

Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 25 min SE
Dell Technologies HQ 20 min SE
Samsung Austin Semiconductor 30 min SE

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on November 3, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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