505 WOODWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $368,649 and $630,371, with a best estimate of $455,275. That places the property below the G210582E - Oakcrest Ranchettes 1,2,3, Greenridge & Highcrest median of $547,832, in a neighborhood that declined 8.5% over the past year.
Estimated Value Range
$455,275
$449,529
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G210582E - Oakcrest Ranchettes 1,2,3, Greenridge & Highcrest, this home's estimated market value is between $368,649 and $630,371. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$48,516 for 188 sqft less living space and -$6,988 for being older. Net adjustment: -$55,504.
Adjusted +$106,064 for 411 sqft more living space. Net adjustment: +$106,064.
Adjusted -$39,226 for 152 sqft less living space and -$27,951 for being older and +$22,332 for having a garage. Net adjustment: -$44,845.
Adjusted -$103,226 for 400 sqft less living space and +$22,332 for having a garage. Net adjustment: -$80,894.
Adjusted +$92,645 for 359 sqft more living space and -$27,951 for being older. Net adjustment: +$64,694.
The Neighborhood
This home is valued 17.9% below the G210582E - Oakcrest Ranchettes 1,2,3, Greenridge & Highcrest median of $547,832. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.5% over the past year.
G210582E - Oakcrest Ranchettes 1,2,3, Greenridge & Highcrest
below averageThis home is -17.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,993 across all districts. With a homestead exemption claimed, that drops to $5,439 — saving $1,554 per year. That's $453 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% | $4,723 |
| Williamson County | County | 0.3694% | $1,661 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $410 |
| Williamson County FM/Rd | County | 0.0443% | $199 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5556% | $6,993 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $455,275 would pay approximately $2,842 per month (principal and interest only, excluding taxes and insurance).