506 WOODWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $453,582 and $577,917, with a best estimate of $558,252. That places the property above 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
$558,252
$424,153
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 $453,582 and $577,917. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$104,258 for 404 sqft less living space. Net adjustment: -$104,258.
Adjusted +$48,516 for 188 sqft more living space and +$6,988 for being newer. Net adjustment: +$55,504.
Adjusted +$112,516 for 436 sqft more living space and +$20,963 for being newer. Net adjustment: +$133,479.
Adjusted -$54,710 for 212 sqft less living space and +$6,988 for being newer and +$22,332 for having a garage. Net adjustment: -$25,390.
Adjusted -$187,871 for 728 sqft less living space. Net adjustment: -$187,871.
The Neighborhood
This home is valued 22.6% 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 -22.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,598 across all districts. With a homestead exemption claimed, that drops to $5,049 — saving $1,549 per year. That's $421 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% | $4,456 |
| Williamson County | County | 0.3694% | $1,567 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $387 |
| Williamson County FM/Rd | County | 0.0443% | $188 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5556% | $6,598 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $558,252 would pay approximately $3,485 per month (principal and interest only, excluding taxes and insurance).