509 OTTO AVE, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $354,023 and $376,063, with a best estimate of $366,897. That places the property above the G570318C - FAIRHAVEN median of $361,924, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$366,897
$283,564
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G570318C - FAIRHAVEN, this home's estimated market value is between $354,023 and $376,063. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$45,721 for 221 sqft more living space and +$1,171 for being newer and -$60,193 for no garage. Net adjustment: -$13,301.
Adjusted +$70,340 for 340 sqft more living space and +$1,171 for being newer and -$60,193 for no garage. Net adjustment: +$11,318.
Adjusted +$24,619 for 119 sqft more living space and +$1,171 for being newer and -$60,193 for no garage. Net adjustment: -$34,403.
Adjusted +$70,340 for 340 sqft more living space and +$1,171 for being newer and -$60,193 for no garage. Net adjustment: +$11,318.
Adjusted +$45,721 for 221 sqft more living space and +$1,171 for being newer and -$60,193 for no garage. Net adjustment: -$13,301.
The Neighborhood
This home is valued 21.7% below the G570318C - FAIRHAVEN median of $361,924. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 5.7% over the past year.
G570318C - FAIRHAVEN
below averageThis home is -21.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,476 across all districts. With a homestead exemption claimed, that drops to $4,903 — saving $1,573 per year. That's $409 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% | $2,979 |
| SE Williamson County MUD #1 | MUD | 0.4665% | $1,323 |
| Williamson County | County | 0.3694% | $1,048 |
| Georgetown | City | 0.3530% | $1,001 |
| Williamson County FM/Rd | County | 0.0443% | $126 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.2839% | $6,476 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $366,897 would pay approximately $2,290 per month (principal and interest only, excluding taxes and insurance).