516 SOMERSET WOODS CT, GEORGETOWN, TX 78633
GEORGETOWN, 78633 — williamson County
Property at a Glance
This home is estimated between $290,676 and $904,659, with a best estimate of $726,295. That places the property below the G721617A - SOMERSET RANCH median of $863,440, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$726,295
$841,288
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in G721617A - SOMERSET RANCH. The estimated range of $290,676 and $904,659 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$60,162 for 214 sqft less living space and +$7,185 for being newer. Net adjustment: -$52,977.
Adjusted +$67,753 for 241 sqft more living space and -$7,185 for being older. Net adjustment: +$60,568.
Adjusted -$5,623 for 20 sqft less living space and -$43,111 for being older. Net adjustment: -$48,734.
Adjusted +$8,715 for 31 sqft more living space and -$43,111 for being older. Net adjustment: -$34,396.
Adjusted +$17,149 for 61 sqft more living space and -$43,111 for being older. Net adjustment: -$25,962.
The Neighborhood
This home is valued 2.6% below the G721617A - SOMERSET RANCH median of $863,440. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.3% over the past year.
G721617A - SOMERSET RANCH
typicalThis home is -2.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $15,527 across all districts. With a homestead exemption claimed, that drops to $13,900 — saving $1,627 per year. That's $1,158 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% | $8,839 |
| Williamson County | County | 0.3694% | $3,108 |
| Somerset Hills Rd District #3 | Road | 0.2900% | $2,440 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $767 |
| Williamson County FM/Rd | County | 0.0443% | $373 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8456% | $15,527 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $726,295 would pay approximately $4,534 per month (principal and interest only, excluding taxes and insurance).