407 W 3RD ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $178,925 and $388,695, with a best estimate of $305,701. That places the property below the G601475I - South San Gabriel Urban Renewal median of $359,246, in a neighborhood that declined 11.5% over the past year.
Estimated Value Range
$305,701
$311,918
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G601475I - South San Gabriel Urban Renewal, this home's estimated market value is between $178,925 and $388,695. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$36,790 for 117 sqft less living space. Net adjustment: -$36,790.
Adjusted -$25,470 for 81 sqft less living space and -$5,992 for being older. Net adjustment: -$31,462.
Adjusted -$22,640 for 72 sqft less living space. Net adjustment: -$22,640.
Adjusted -$7,861 for 25 sqft less living space and +$3,329 for being newer. Net adjustment: -$4,532.
Adjusted -$139,928 for 445 sqft less living space. Net adjustment: -$139,928.
The Neighborhood
This home is valued 13.2% below the G601475I - South San Gabriel Urban Renewal median of $359,246. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.5% over the past year.
G601475I - South San Gabriel Urban Renewal
typicalThis home is -13.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,394 across all districts. With a homestead exemption claimed, that drops to $3,816 — saving $1,578 per year. That's $318 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% | $3,118 |
| Williamson County | County | 0.3694% | $1,097 |
| Georgetown | City | 0.3530% | $1,048 |
| Williamson County FM/Rd | County | 0.0443% | $132 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,394 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $305,701 would pay approximately $1,908 per month (principal and interest only, excluding taxes and insurance).