505 LUTHER DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $291,595 and $394,741, with a best estimate of $370,606. That places the property below the G242X - Georgetown East Duplex median of $422,527, in a neighborhood that appreciated 0.5% over the past year.
Estimated Value Range
$370,606
$373,951
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G242X - Georgetown East Duplex, this home's estimated market value is between $291,595 and $394,741. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$110,262 for 332 sqft less living space and -$5,265 for being older. Net adjustment: -$115,527.
Adjusted +$4,317 for 13 sqft more living space and -$5,265 for being older. Net adjustment: -$948.
Adjusted -$151,444 for 456 sqft less living space and -$2,106 for being older. Net adjustment: -$153,550.
Adjusted +$27,898 for 84 sqft more living space and +$11,582 for being newer. Net adjustment: +$39,480.
Adjusted -$33,211 for 100 sqft less living space and -$2,106 for being older. Net adjustment: -$35,317.
The Neighborhood
This home is valued 11.5% below the G242X - Georgetown East Duplex median of $422,527. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 0.5% over the past year.
G242X - Georgetown East Duplex
typicalThis home is -11.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,796 across all districts. With a homestead exemption claimed, that drops to $5,190 — saving $1,606 per year. That's $433 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% | $3,929 |
| Williamson County | County | 0.3694% | $1,382 |
| Georgetown | City | 0.3530% | $1,320 |
| Williamson County FM/Rd | County | 0.0443% | $166 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $6,796 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $370,606 would pay approximately $2,313 per month (principal and interest only, excluding taxes and insurance).