503 LAKEWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $251,137 and $309,609, with a best estimate of $305,432. 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
$305,432
$309,477
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 $251,137 and $309,609. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$11,142 for 52 sqft more living space. Net adjustment: +$11,142.
Adjusted +$39,210 for 183 sqft more living space. Net adjustment: +$39,210.
Adjusted -$91,918 for 429 sqft less living space and -$3,052 for being older. Net adjustment: -$94,970.
Adjusted +$7,499 for 35 sqft more living space and +$3,052 for being newer. Net adjustment: +$10,551.
Adjusted -$6,856 for 32 sqft less living space and +$6,103 for being newer. Net adjustment: -$753.
The Neighborhood
This home is valued 2.5% 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 -2.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,624 across all districts. With a homestead exemption claimed, that drops to $4,042 — saving $1,582 per year. That's $337 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% | $3,251 |
| Williamson County | County | 0.3694% | $1,143 |
| Georgetown | City | 0.3530% | $1,092 |
| Williamson County FM/Rd | County | 0.0443% | $137 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,624 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $305,432 would pay approximately $1,906 per month (principal and interest only, excluding taxes and insurance).