501 LAKEWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $212,797 and $270,267, with a best estimate of $251,706. That places the property below the G125483H - Reata East & Reata Trails median of $317,290, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$251,706
$270,399
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G125483H - Reata East & Reata Trails, this home's estimated market value is between $212,797 and $270,267. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$39,210 for 183 sqft less living space. Net adjustment: -$39,210.
Adjusted -$87,847 for 410 sqft less living space. Net adjustment: -$87,847.
Adjusted -$27,854 for 130 sqft less living space and +$3,052 for being newer. Net adjustment: -$24,802.
Adjusted -$49,494 for 231 sqft less living space and -$3,052 for being older. Net adjustment: -$52,546.
Adjusted -$116,986 for 546 sqft less living space and +$3,052 for being newer. Net adjustment: -$113,934.
The Neighborhood
This home is valued 14.8% below the G125483H - Reata East & Reata Trails median of $317,290. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.3% over the past year.
G125483H - Reata East & Reata Trails
typicalThis home is -14.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,914 across all districts. With a homestead exemption claimed, that drops to $3,346 — saving $1,568 per year. That's $279 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% | $2,841 |
| Williamson County | County | 0.3694% | $999 |
| Georgetown | City | 0.3530% | $955 |
| Williamson County FM/Rd | County | 0.0443% | $120 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $4,914 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $251,706 would pay approximately $1,571 per month (principal and interest only, excluding taxes and insurance).