516 UNIVERSITY AVE, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $322,877 and $1,171,597, with a best estimate of $981,355. That places the property below the G656H - Old Town Gtown Class H4 & H5 median of $1,145,645, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$981,355
$1,001,574
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $322,877 and $1,171,597. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$11,794 for 21 sqft more living space and +$4,015 for being newer. Net adjustment: +$15,809.
Adjusted +$74,136 for 132 sqft more living space and +$16,060 for being newer and -$137,181 for no pool. Net adjustment: -$46,985.
Adjusted -$98,287 for 175 sqft less living space and -$20,075 for being older and -$137,181 for no pool. Net adjustment: -$255,543.
Adjusted +$229,711 for 409 sqft more living space and -$20,075 for being older. Net adjustment: +$209,636.
Adjusted -$401,011 for 714 sqft less living space and -$24,090 for being older. Net adjustment: -$425,101.
The Neighborhood
This home is valued 12.6% below the G656H - Old Town Gtown Class H4 & H5 median of $1,145,645. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
G656H - Old Town Gtown Class H4 & H5
typicalThis home is -12.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $18,009 across all districts. With a homestead exemption claimed, that drops to $16,180 — saving $1,829 per year. That's $1,348 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% | $10,411 |
| Williamson County | County | 0.3694% | $3,661 |
| Georgetown | City | 0.3530% | $3,498 |
| Williamson County FM/Rd | County | 0.0443% | $439 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $18,009 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $981,355 would pay approximately $6,126 per month (principal and interest only, excluding taxes and insurance).