502 LAKEWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $241,455 and $299,058, with a best estimate of $297,631. That places the property below the G125483H - Reata East & Reata Trails median of $317,290, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$297,631
$294,881
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G125483H - Reata East & Reata Trails, this home's estimated market value is between $241,455 and $299,058. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$14,355 for 67 sqft less living space and +$3,052 for being newer. Net adjustment: -$11,303.
Adjusted +$3,857 for 18 sqft more living space. Net adjustment: +$3,857.
Adjusted -$7,499 for 35 sqft less living space and -$3,052 for being older. Net adjustment: -$10,551.
Adjusted -$85,276 for 398 sqft less living space. Net adjustment: -$85,276.
Adjusted +$31,711 for 148 sqft more living space and -$3,052 for being older. Net adjustment: +$28,659.
The Neighborhood
This home is valued 7.1% below the G125483H - Reata East & Reata Trails median of $317,290. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.3% over the past year.
G125483H - Reata East & Reata Trails
typicalThis home is -7.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,359 across all districts. With a homestead exemption claimed, that drops to $3,782 — saving $1,577 per year. That's $315 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% | $3,098 |
| Williamson County | County | 0.3694% | $1,089 |
| Georgetown | City | 0.3530% | $1,041 |
| Williamson County FM/Rd | County | 0.0443% | $131 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,359 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $297,631 would pay approximately $1,858 per month (principal and interest only, excluding taxes and insurance).