505 RIDGEWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $272,890 and $654,650, with a best estimate of $502,708. That places the property above 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
$502,708
$487,941
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $272,890 and $654,650. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$28,335 for 105 sqft less living space and +$18,895 for being newer. Net adjustment: -$9,440.
Adjusted -$110,913 for 411 sqft less living space and +$9,447 for being newer. Net adjustment: -$101,466.
Adjusted -$58,560 for 217 sqft less living space and -$33,066 for being older. Net adjustment: -$91,626.
Adjusted +$67,465 for 250 sqft more living space and -$42,513 for being older. Net adjustment: +$24,952.
Adjusted -$146,265 for 542 sqft less living space and +$23,619 for being newer. Net adjustment: -$122,646.
The Neighborhood
This home is valued 1.9% 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
typicalThis home is -1.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,868 across all districts. With a homestead exemption claimed, that drops to $7,221 — saving $1,647 per year. That's $602 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% | $5,126 |
| Williamson County | County | 0.3694% | $1,803 |
| Georgetown | City | 0.3530% | $1,722 |
| Williamson County FM/Rd | County | 0.0443% | $216 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $8,868 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $502,708 would pay approximately $3,138 per month (principal and interest only, excluding taxes and insurance).