1603 PARK LN, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $242,967 and $288,382, with a best estimate of $262,588. That places the property below the G130470H - Williams Addn (All Secs), Gabriel Hts & Dawnridge median of $299,839, in a neighborhood that declined 1.9% over the past year.
Estimated Value Range
$262,588
$248,209
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G130470H - Williams Addn (All Secs), Gabriel Hts & Dawnridge, this home's estimated market value is between $242,967 and $288,382. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$77,666 for 381 sqft less living space and +$13,257 for being newer. Net adjustment: -$64,409.
Adjusted -$44,846 for 220 sqft less living space and -$6,629 for being older and -$17,293 for no pool. Net adjustment: -$68,768.
Adjusted -$6,727 for 33 sqft less living space and -$6,629 for being older. Net adjustment: -$13,356.
Adjusted -$9,377 for 46 sqft less living space and -$6,629 for being older. Net adjustment: -$16,006.
Adjusted -$63,804 for 313 sqft less living space and +$13,257 for being newer. Net adjustment: -$50,547.
The Neighborhood
This home is valued 17.2% below the G130470H - Williams Addn (All Secs), Gabriel Hts & Dawnridge median of $299,839. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.9% over the past year.
G130470H - Williams Addn (All Secs), Gabriel Hts & Dawnridge
below averageThis home is -17.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,511 across all districts. With a homestead exemption claimed, that drops to $2,950 — saving $1,561 per year. That's $246 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% | $2,608 |
| Williamson County | County | 0.3694% | $917 |
| Georgetown | City | 0.3530% | $876 |
| Williamson County FM/Rd | County | 0.0443% | $110 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $4,511 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $262,588 would pay approximately $1,639 per month (principal and interest only, excluding taxes and insurance).