500 OTTO AVE, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $188,700 and $356,898, with a best estimate of $299,649. That places the property below the G570318C - FAIRHAVEN median of $361,924, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$299,649
$368,184
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G570318C - FAIRHAVEN, this home's estimated market value is between $188,700 and $356,898. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$65,788 for 318 sqft less living space and +$3,513 for being newer. Net adjustment: -$62,275.
Adjusted -$23,378 for 113 sqft less living space and +$3,513 for being newer. Net adjustment: -$19,865.
Adjusted -$65,788 for 318 sqft less living space and +$3,513 for being newer. Net adjustment: -$62,275.
Adjusted -$108,820 for 526 sqft less living space and +$3,513 for being newer. Net adjustment: -$105,307.
Adjusted -$109,854 for 531 sqft less living space and +$3,513 for being newer. Net adjustment: -$106,341.
The Neighborhood
This home is valued 1.7% above the G570318C - FAIRHAVEN median of $361,924. With 731 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.7% over the past year.
G570318C - FAIRHAVEN
typicalThis home is +1.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,409 across all districts. With a homestead exemption claimed, that drops to $6,805 — saving $1,604 per year. That's $567 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% | $3,868 |
| SE Williamson County MUD #1 | MUD | 0.4665% | $1,718 |
| Williamson County | County | 0.3694% | $1,360 |
| Georgetown | City | 0.3530% | $1,300 |
| Williamson County FM/Rd | County | 0.0443% | $163 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.2839% | $8,409 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $299,649 would pay approximately $1,870 per month (principal and interest only, excluding taxes and insurance).