1616 PARK LN, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $219,529 and $280,419, with a best estimate of $269,353. That places the property below the G130470H - Williams Addn (All Secs), Gabriel Hts & Dawnridge median of $299,839, in a neighborhood that declined 1.9% over the past year.
Estimated Value Range
$269,353
$266,913
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G130470H - Williams Addn (All Secs), Gabriel Hts & Dawnridge, this home's estimated market value is between $219,529 and $280,419. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$9,377 for 46 sqft less living space. Net adjustment: -$9,377.
Adjusted +$4,077 for 20 sqft more living space. Net adjustment: +$4,077.
Adjusted +$13,862 for 68 sqft more living space. Net adjustment: +$13,862.
Adjusted +$4,077 for 20 sqft more living space. Net adjustment: +$4,077.
Adjusted -$61,766 for 303 sqft less living space and -$7,954 for being older. Net adjustment: -$69,720.
The Neighborhood
This home is valued 11.0% below the G130470H - Williams Addn (All Secs), Gabriel Hts & Dawnridge median of $299,839. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.9% over the past year.
G130470H - Williams Addn (All Secs), Gabriel Hts & Dawnridge
typicalThis home is -11.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,851 across all districts. With a homestead exemption claimed, that drops to $3,284 — saving $1,567 per year. That's $274 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% | $2,804 |
| Williamson County | County | 0.3694% | $986 |
| Georgetown | City | 0.3530% | $942 |
| Williamson County FM/Rd | County | 0.0443% | $118 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $4,851 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $269,353 would pay approximately $1,681 per month (principal and interest only, excluding taxes and insurance).