505 CADDO LAKE DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $397,143 and $636,457, with a best estimate of $572,202. That places the property above the L498610C - PARKSIDE AT MAYFIELD RANCH median of $567,434, in a neighborhood that declined 5.9% over the past year.
Estimated Value Range
$572,202
$481,209
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L498610C - PARKSIDE AT MAYFIELD RANCH, this home's estimated market value is between $397,143 and $636,457. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$15,912 for 59 sqft more living space. Net adjustment: +$15,912.
Adjusted -$60,953 for 226 sqft less living space. Net adjustment: -$60,953.
Adjusted +$33,443 for 124 sqft more living space and -$3,186 for being older. Net adjustment: +$30,257.
Adjusted -$38,567 for 143 sqft less living space. Net adjustment: -$38,567.
Adjusted +$88,192 for 327 sqft more living space and -$3,186 for being older. Net adjustment: +$85,006.
The Neighborhood
This home is valued 15.2% below the L498610C - PARKSIDE AT MAYFIELD RANCH median of $567,434. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 5.9% over the past year.
L498610C - PARKSIDE AT MAYFIELD RANCH
below averageThis home is -15.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $10,098 across all districts. With a homestead exemption claimed, that drops to $8,488 — saving $1,610 per year. That's $707 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 |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $5,230 |
| Parkside at Mayfield Ranch MUD | MUD | 0.3775% | $1,817 |
| Williamson County | County | 0.3694% | $1,778 |
| Austin Community College | special | 0.1034% | $498 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $481 |
| Williamson County FM/Rd | County | 0.0443% | $213 |
| Upper Brushy Creek WCID | Water | 0.0170% | $82 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0985% | $10,098 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $572,202 would pay approximately $3,572 per month (principal and interest only, excluding taxes and insurance).