505 PREAKNESS PLACE, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $291,485 and $544,017, with a best estimate of $395,744. That places the property above the G540594E - Stonehedge Sec 1,2, & 3 median of $377,452, in a neighborhood that declined 9.4% over the past year.
Estimated Value Range
$395,744
$327,013
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G540594E - Stonehedge Sec 1,2, & 3, this home's estimated market value is between $291,485 and $544,017. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$195,747 for 732 sqft more living space and +$2,539 for being newer. Net adjustment: +$198,286.
Adjusted -$10,697 for 40 sqft less living space and -$2,539 for being older. Net adjustment: -$13,236.
Adjusted -$2,942 for 11 sqft less living space. Net adjustment: -$2,942.
Adjusted -$65,784 for 246 sqft less living space. Net adjustment: -$65,784.
Adjusted -$32,090 for 120 sqft less living space. Net adjustment: -$32,090.
The Neighborhood
This home is valued 13.4% below the G540594E - Stonehedge Sec 1,2, & 3 median of $377,452. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.4% over the past year.
G540594E - Stonehedge Sec 1,2, & 3
typicalThis home is -13.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,943 across all districts. With a homestead exemption claimed, that drops to $4,354 — saving $1,589 per year. That's $363 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% | $3,436 |
| Williamson County | County | 0.3694% | $1,208 |
| Georgetown | City | 0.3530% | $1,154 |
| Williamson County FM/Rd | County | 0.0443% | $145 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,943 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $395,744 would pay approximately $2,470 per month (principal and interest only, excluding taxes and insurance).