404 MARTIN LUTHER KING ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $222,562 and $342,234, with a best estimate of $278,176. That places the property below the G601475I - South San Gabriel Urban Renewal median of $359,246, in a neighborhood that declined 11.5% over the past year.
Estimated Value Range
$278,176
$302,521
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G601475I - South San Gabriel Urban Renewal, this home's estimated market value is between $222,562 and $342,234. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$101,251 for 322 sqft less living space and +$4,660 for being newer. Net adjustment: -$96,591.
Adjusted +$42,764 for 136 sqft more living space and +$4,660 for being newer. Net adjustment: +$47,424.
Adjusted -$72,951 for 232 sqft less living space. Net adjustment: -$72,951.
Adjusted -$76,095 for 242 sqft less living space. Net adjustment: -$76,095.
Adjusted -$10,062 for 32 sqft less living space and +$3,329 for being newer. Net adjustment: -$6,733.
The Neighborhood
This home is valued 15.8% below the G601475I - South San Gabriel Urban Renewal median of $359,246. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.5% over the past year.
G601475I - South San Gabriel Urban Renewal
below averageThis home is -15.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,227 across all districts. With a homestead exemption claimed, that drops to $2,672 — saving $1,555 per year. That's $223 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% | $2,444 |
| Williamson County | County | 0.3694% | $859 |
| Georgetown | City | 0.3530% | $821 |
| Williamson County FM/Rd | County | 0.0443% | $103 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $4,227 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $278,176 would pay approximately $1,736 per month (principal and interest only, excluding taxes and insurance).