503 RIDGEWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $383,648 and $658,011, with a best estimate of $544,127. That places the property above the G230698D - River Ridge & Riverview Estates - All median of $497,470, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$544,127
$543,882
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 $383,648 and $658,011. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$20,779 for 77 sqft more living space and -$14,171 for being older. Net adjustment: +$6,608.
Adjusted +$26,177 for 97 sqft more living space and -$51,961 for being older. Net adjustment: -$25,784.
Adjusted +$9,175 for 34 sqft more living space and +$33,066 for being newer. Net adjustment: +$42,241.
Adjusted +$5,127 for 19 sqft more living space and -$4,724 for being older. Net adjustment: +$403.
Adjusted -$51,544 for 191 sqft less living space and +$9,447 for being newer. Net adjustment: -$42,097.
The Neighborhood
This home is valued 9.3% above the G230698D - River Ridge & Riverview Estates - All median of $497,470. With 445 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
typicalThis home is +9.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,884 across all districts. With a homestead exemption claimed, that drops to $8,217 — saving $1,667 per year. That's $685 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% | $5,714 |
| Williamson County | County | 0.3694% | $2,009 |
| Georgetown | City | 0.3530% | $1,920 |
| Williamson County FM/Rd | County | 0.0443% | $241 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $9,884 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $544,127 would pay approximately $3,396 per month (principal and interest only, excluding taxes and insurance).