116 MELISSA CT, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $268,801 and $324,854, with a best estimate of $289,661. That places the property below the G194597G - Village of River Bend median of $320,800, in a neighborhood that declined 3.6% over the past year.
Estimated Value Range
$289,661
$310,546
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G194597G - Village of River Bend, this home's estimated market value is between $268,801 and $324,854. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$40,220 for 199 sqft less living space and +$4,913 for being newer. Net adjustment: -$35,307.
Adjusted -$48,103 for 238 sqft less living space and +$4,913 for being newer. Net adjustment: -$43,190.
Adjusted -$97,620 for 483 sqft less living space and +$4,913 for being newer. Net adjustment: -$92,707.
Adjusted -$51,337 for 254 sqft less living space. Net adjustment: -$51,337.
Adjusted +$36,380 for 180 sqft more living space and +$14,738 for being newer. Net adjustment: +$51,118.
The Neighborhood
This home is valued 3.2% below the G194597G - Village of River Bend median of $320,800. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.6% over the past year.
G194597G - Village of River Bend
typicalThis home is -3.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,644 across all districts. With a homestead exemption claimed, that drops to $4,061 — saving $1,583 per year. That's $338 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% | $3,263 |
| Williamson County | County | 0.3694% | $1,147 |
| Georgetown | City | 0.3530% | $1,096 |
| Williamson County FM/Rd | County | 0.0443% | $138 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,644 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $289,661 would pay approximately $1,808 per month (principal and interest only, excluding taxes and insurance).