305 NORWOOD W, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $424,915 and $512,080, with a best estimate of $469,196. That places the property below the G230698D - River Ridge & Riverview Estates - All median of $497,470, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$469,196
$389,749
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G230698D - River Ridge & Riverview Estates - All, this home's estimated market value is between $424,915 and $512,080. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$43,987 for 163 sqft more living space and +$4,724 for being newer. Net adjustment: +$48,711.
Adjusted +$36,431 for 135 sqft more living space and +$14,171 for being newer. Net adjustment: +$50,602.
Adjusted -$33,463 for 124 sqft less living space. Net adjustment: -$33,463.
Adjusted +$19,700 for 73 sqft more living space and -$33,066 for being older. Net adjustment: -$13,366.
Adjusted +$20,779 for 77 sqft more living space and +$14,171 for being newer. Net adjustment: +$34,950.
The Neighborhood
This home is valued 21.7% below the G230698D - River Ridge & Riverview Estates - All median of $497,470. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
below averageThis home is -21.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,083 across all districts. With a homestead exemption claimed, that drops to $5,472 — saving $1,611 per year. That's $456 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% | $4,095 |
| Williamson County | County | 0.3694% | $1,440 |
| Georgetown | City | 0.3530% | $1,376 |
| Williamson County FM/Rd | County | 0.0443% | $173 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $7,083 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $469,196 would pay approximately $2,929 per month (principal and interest only, excluding taxes and insurance).