1201 FESTIVAL ST, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $448,714 and $740,830, with a best estimate of $475,555. That places the property below the L130822C - PARKSIDE PENINSULA median of $596,845, in a neighborhood that appreciated 61.8% over the past year.
Estimated Value Range
$475,555
$529,569
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $448,714 and $740,830. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$126,481 for 388 sqft less living space. Net adjustment: -$126,481.
Adjusted -$90,949 for 279 sqft less living space. Net adjustment: -$90,949.
Adjusted +$31,620 for 97 sqft more living space and +$24,979 for being newer. Net adjustment: +$56,599.
Adjusted -$40,748 for 125 sqft less living space and +$12,489 for being newer. Net adjustment: -$28,259.
Adjusted +$167,555 for 514 sqft more living space and +$12,489 for being newer. Net adjustment: +$180,044.
The Neighborhood
This home is valued 11.3% below the L130822C - PARKSIDE PENINSULA median of $596,845. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 61.8% over the past year.
L130822C - PARKSIDE PENINSULA
typicalThis home is -11.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $13,940 across all districts. With a homestead exemption claimed, that drops to $12,320 — saving $1,620 per year. That's $1,027 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% | $5,756 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,872 |
| Williamson County | County | 0.3694% | $1,956 |
| Austin Community College | special | 0.1034% | $548 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $483 |
| Williamson County FM/Rd | County | 0.0443% | $235 |
| Upper Brushy Creek WCID | Water | 0.0170% | $90 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.6323% | $13,940 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $475,555 would pay approximately $2,968 per month (principal and interest only, excluding taxes and insurance).