504 MARTIN LUTHER KING ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $231,232 and $510,988, with a best estimate of $428,776. That places the property above the G601475I - South San Gabriel Urban Renewal median of $359,246, in a neighborhood that declined 11.5% over the past year.
Estimated Value Range
$428,776
$401,115
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G601475I - South San Gabriel Urban Renewal, this home's estimated market value is between $231,232 and $510,988. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$50,940 for 162 sqft more living space and +$25,048 for having a garage. Net adjustment: +$75,988.
Adjusted +$85,529 for 272 sqft more living space. Net adjustment: +$85,529.
Adjusted -$118,231 for 376 sqft less living space and -$5,992 for being older. Net adjustment: -$124,223.
Adjusted +$4,402 for 14 sqft more living space and +$6,658 for being newer and +$25,048 for having a garage. Net adjustment: +$36,108.
Adjusted +$161,624 for 514 sqft more living space and +$25,048 for having a garage. Net adjustment: +$186,672.
The Neighborhood
This home is valued 11.7% above the G601475I - South San Gabriel Urban Renewal median of $359,246. With 176 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.5% over the past year.
G601475I - South San Gabriel Urban Renewal
typicalThis home is +11.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,874 across all districts. With a homestead exemption claimed, that drops to $5,266 — saving $1,608 per year. That's $439 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% | $3,974 |
| Williamson County | County | 0.3694% | $1,397 |
| Georgetown | City | 0.3530% | $1,335 |
| Williamson County FM/Rd | County | 0.0443% | $168 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $6,874 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $428,776 would pay approximately $2,676 per month (principal and interest only, excluding taxes and insurance).