124 LAKE MINERAL WELLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $558,416 and $720,451, with a best estimate of $704,735. That places the property above the L498610C - PARKSIDE AT MAYFIELD RANCH median of $567,434, in a neighborhood that declined 5.9% over the past year.
Estimated Value Range
$704,735
$646,150
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L498610C - PARKSIDE AT MAYFIELD RANCH, this home's estimated market value is between $558,416 and $720,451. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$45,849 for 170 sqft less living space and -$6,371 for being older. Net adjustment: -$52,220.
Adjusted -$50,434 for 187 sqft less living space and -$3,186 for being older. Net adjustment: -$53,620.
Adjusted +$87,383 for 324 sqft more living space. Net adjustment: +$87,383.
Adjusted +$103,835 for 385 sqft more living space and -$3,186 for being older. Net adjustment: +$100,649.
Adjusted +$79,292 for 294 sqft more living space and -$3,186 for being older. Net adjustment: +$76,106.
The Neighborhood
This home is valued 13.9% above the L498610C - PARKSIDE AT MAYFIELD RANCH median of $567,434. With 936 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.9% over the past year.
L498610C - PARKSIDE AT MAYFIELD RANCH
typicalThis home is +13.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $13,559 across all districts. With a homestead exemption claimed, that drops to $11,918 — saving $1,641 per year. That's $993 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 |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $7,023 |
| Parkside at Mayfield Ranch MUD | MUD | 0.3775% | $2,439 |
| Williamson County | County | 0.3694% | $2,387 |
| Austin Community College | special | 0.1034% | $668 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $646 |
| Williamson County FM/Rd | County | 0.0443% | $286 |
| Upper Brushy Creek WCID | Water | 0.0170% | $110 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0985% | $13,559 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $704,735 would pay approximately $4,399 per month (principal and interest only, excluding taxes and insurance).