509 RIDGEWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $517,301 and $597,930, with a best estimate of $585,979. That places the property above 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
$585,979
$570,148
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $517,301 and $597,930. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$34,003 for 126 sqft more living space and +$4,724 for being newer. Net adjustment: +$38,727.
Adjusted +$60,719 for 225 sqft more living space and +$23,619 for being newer. Net adjustment: +$84,338.
Adjusted +$211,841 for 785 sqft more living space and -$9,447 for being older. Net adjustment: +$202,394.
Adjusted -$89,054 for 330 sqft less living space and +$4,724 for being newer. Net adjustment: -$84,330.
Adjusted +$51,544 for 191 sqft more living space and -$9,447 for being older. Net adjustment: +$42,097.
The Neighborhood
This home is valued 14.6% above the G230698D - River Ridge & Riverview Estates - All median of $497,470. With 445 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
typicalThis home is +14.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,334 across all districts. With a homestead exemption claimed, that drops to $8,658 — saving $1,676 per year. That's $722 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% | $5,974 |
| Williamson County | County | 0.3694% | $2,101 |
| Georgetown | City | 0.3530% | $2,007 |
| Williamson County FM/Rd | County | 0.0443% | $252 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $10,334 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $585,979 would pay approximately $3,658 per month (principal and interest only, excluding taxes and insurance).