506 MARTIN LUTHER KING ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $290,985 and $416,661, with a best estimate of $362,105. That places the property above the G601475I - South San Gabriel Urban Renewal median of $359,246, in a neighborhood that declined 11.5% over the past year.
Estimated Value Range
$362,105
$351,127
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G601475I - South San Gabriel Urban Renewal, this home's estimated market value is between $290,985 and $416,661. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$20,124 for 64 sqft less living space and +$19,974 for being newer. Net adjustment: -$150.
Adjusted +$72,951 for 232 sqft more living space. Net adjustment: +$72,951.
Adjusted -$33,331 for 106 sqft less living space. Net adjustment: -$33,331.
Adjusted +$5,031 for 16 sqft more living space. Net adjustment: +$5,031.
Adjusted -$28,300 for 90 sqft less living space and +$4,660 for being newer. Net adjustment: -$23,640.
The Neighborhood
This home is valued 2.3% below the G601475I - South San Gabriel Urban Renewal median of $359,246. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.5% over the past year.
G601475I - South San Gabriel Urban Renewal
typicalThis home is -2.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,381 across all districts. With a homestead exemption claimed, that drops to $4,784 — saving $1,597 per year. That's $399 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% | $3,689 |
| Williamson County | County | 0.3694% | $1,297 |
| Georgetown | City | 0.3530% | $1,239 |
| Williamson County FM/Rd | County | 0.0443% | $156 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $6,381 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $362,105 would pay approximately $2,260 per month (principal and interest only, excluding taxes and insurance).