302 NORWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $350,559 and $528,598, with a best estimate of $478,662. That places the property below the G230698D - River Ridge & Riverview Estates - All median of $497,470, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$478,662
$416,960
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G230698D - River Ridge & Riverview Estates - All, this home's estimated market value is between $350,559 and $528,598. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$19,700 for 73 sqft more living space. Net adjustment: +$19,700.
Adjusted +$108,484 for 402 sqft more living space and -$37,790 for being older. Net adjustment: +$70,694.
Adjusted -$15,652 for 58 sqft less living space and +$14,171 for being newer. Net adjustment: -$1,481.
Adjusted -$84,197 for 312 sqft less living space and +$9,447 for being newer. Net adjustment: -$74,750.
Adjusted -$32,923 for 122 sqft less living space and +$14,171 for being newer. Net adjustment: -$18,752.
The Neighborhood
This home is valued 16.2% below the G230698D - River Ridge & Riverview Estates - All median of $497,470. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
below averageThis home is -16.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,578 across all districts. With a homestead exemption claimed, that drops to $5,956 — saving $1,622 per year. That's $496 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% | $4,381 |
| Williamson County | County | 0.3694% | $1,540 |
| Georgetown | City | 0.3530% | $1,472 |
| Williamson County FM/Rd | County | 0.0443% | $185 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $7,578 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $478,662 would pay approximately $2,988 per month (principal and interest only, excluding taxes and insurance).