1011 MARTIN LUTHER KING ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $139,423 and $428,639, with a best estimate of $385,172. That places the property below the G652H - Old Town Gtown Class H1 & H2 median of $409,550, in a neighborhood that declined 18.5% over the past year.
Estimated Value Range
$385,172
$258,183
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G652H - Old Town Gtown Class H1 & H2, this home's estimated market value is between $139,423 and $428,639. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$1,311 for 4 sqft more living space. Net adjustment: +$1,311.
Adjusted -$116,044 for 354 sqft less living space and +$7,148 for being newer. Net adjustment: -$108,896.
Adjusted +$30,158 for 92 sqft more living space and +$5,957 for being newer. Net adjustment: +$36,115.
Adjusted -$105,882 for 323 sqft less living space. Net adjustment: -$105,882.
Adjusted -$19,668 for 60 sqft less living space and -$2,978 for being older. Net adjustment: -$22,646.
The Neighborhood
This home is valued 37.0% below the G652H - Old Town Gtown Class H1 & H2 median of $409,550. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 18.5% over the past year.
G652H - Old Town Gtown Class H1 & H2
below averageThis home is -37.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,520 across all districts. With a homestead exemption claimed, that drops to $1,980 — saving $1,540 per year. That's $165 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% | $2,035 |
| Williamson County | County | 0.3694% | $716 |
| Georgetown | City | 0.3530% | $684 |
| Williamson County FM/Rd | County | 0.0443% | $86 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $3,520 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $385,172 would pay approximately $2,404 per month (principal and interest only, excluding taxes and insurance).