4602 MADRID DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $248,589 and $322,745, with a best estimate of $315,051. That places the property below the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$315,051
$512,055
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G760500D - Georgetown Village - Shell Ranch R3, this home's estimated market value is between $248,589 and $322,745. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$39,372 for 182 sqft less living space. Net adjustment: -$39,372.
Adjusted -$57,111 for 264 sqft less living space. Net adjustment: -$57,111.
Adjusted -$102,757 for 475 sqft less living space and +$265 for being newer. Net adjustment: -$102,492.
Adjusted -$137,803 for 637 sqft less living space. Net adjustment: -$137,803.
Adjusted -$62,952 for 291 sqft less living space. Net adjustment: -$62,952.
The Neighborhood
This home is valued 31.0% above the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860. With 480 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 1.7% over the past year.
G760500D - Georgetown Village - Shell Ranch R3
above averageThis home is +31.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,920 across all districts. With a homestead exemption claimed, that drops to $8,265 — saving $1,655 per year. That's $689 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% | $5,380 |
| Williamson County | County | 0.3694% | $1,892 |
| Georgetown | City | 0.3530% | $1,808 |
| Georgetown Village PID | pid | 0.1200% | $614 |
| Williamson County FM/Rd | County | 0.0443% | $227 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9374% | $9,920 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $315,051 would pay approximately $1,967 per month (principal and interest only, excluding taxes and insurance).