500 WOODWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $261,226 and $476,394, with a best estimate of $398,172. That places the property below the G210582E - Oakcrest Ranchettes 1,2,3, Greenridge & Highcrest median of $547,832, in a neighborhood that declined 8.5% over the past year.
Estimated Value Range
$398,172
$431,896
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G210582E - Oakcrest Ranchettes 1,2,3, Greenridge & Highcrest, this home's estimated market value is between $261,226 and $476,394. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$88,000 for 341 sqft more living space and -$13,976 for being older and +$22,332 for having a garage. Net adjustment: +$96,356.
Adjusted +$34,581 for 134 sqft more living space and -$41,927 for being older. Net adjustment: -$7,346.
Adjusted +$24,774 for 96 sqft more living space and -$111,805 for being older. Net adjustment: -$87,031.
Adjusted -$22,452 for 87 sqft less living space and -$48,915 for being older. Net adjustment: -$71,367.
Adjusted -$112,516 for 436 sqft less living space and -$20,963 for being older. Net adjustment: -$133,479.
The Neighborhood
This home is valued 21.2% below the G210582E - Oakcrest Ranchettes 1,2,3, Greenridge & Highcrest median of $547,832. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.5% over the past year.
G210582E - Oakcrest Ranchettes 1,2,3, Greenridge & Highcrest
below averageThis home is -21.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,718 across all districts. With a homestead exemption claimed, that drops to $5,168 — saving $1,550 per year. That's $431 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 |
|---|---|---|---|
| Georgetown ISD | School | 1.0506% | $4,537 |
| Williamson County | County | 0.3694% | $1,596 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $394 |
| Williamson County FM/Rd | County | 0.0443% | $191 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5556% | $6,718 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $398,172 would pay approximately $2,485 per month (principal and interest only, excluding taxes and insurance).