405 LAKEWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $265,342 and $351,279, with a best estimate of $316,796. 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
$316,796
$303,683
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 $265,342 and $351,279. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$23,569 for 110 sqft less living space and +$18,310 for being newer. Net adjustment: -$5,259.
Adjusted +$36,853 for 172 sqft more living space and +$3,052 for being newer. Net adjustment: +$39,905.
Adjusted +$57,208 for 267 sqft more living space and +$6,103 for being newer. Net adjustment: +$63,311.
Adjusted +$49,494 for 231 sqft more living space and +$3,052 for being newer. Net adjustment: +$52,546.
Adjusted -$67,492 for 315 sqft less living space and +$6,103 for being newer. Net adjustment: -$61,389.
The Neighborhood
This home is valued 4.3% 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 -4.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,519 across all districts. With a homestead exemption claimed, that drops to $3,939 — saving $1,580 per year. That's $328 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% | $3,190 |
| Williamson County | County | 0.3694% | $1,122 |
| Georgetown | City | 0.3530% | $1,072 |
| Williamson County FM/Rd | County | 0.0443% | $135 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,519 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $316,796 would pay approximately $1,977 per month (principal and interest only, excluding taxes and insurance).