501 SOMERSET WOODS CT, GEORGETOWN, TX 78633
GEORGETOWN, 78633 — williamson County
Property at a Glance
This home is estimated between $842,889 and $1,024,727, with a best estimate of $924,347. That places the property above the G721617A - SOMERSET RANCH median of $863,440, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$924,347
$932,855
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $842,889 and $1,024,727. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$109,361 for 389 sqft more living space. Net adjustment: +$109,361.
Adjusted +$161,370 for 574 sqft more living space and -$7,185 for being older. Net adjustment: +$154,185.
Adjusted +$136,349 for 485 sqft more living space and -$14,370 for being older. Net adjustment: +$121,979.
Adjusted +$111,891 for 398 sqft more living space and -$21,556 for being older. Net adjustment: +$90,335.
Adjusted +$95,023 for 338 sqft more living space and -$21,556 for being older. Net adjustment: +$73,467.
The Neighborhood
This home is valued 8.0% above the G721617A - SOMERSET RANCH median of $863,440. With 78 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 4.3% over the past year.
G721617A - SOMERSET RANCH
typicalThis home is +8.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $14,511 across all districts. With a homestead exemption claimed, that drops to $12,868 — saving $1,643 per year. That's $1,072 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% | $9,801 |
| Williamson County | County | 0.3694% | $3,446 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $851 |
| Williamson County FM/Rd | County | 0.0443% | $414 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5556% | $14,511 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $924,347 would pay approximately $5,770 per month (principal and interest only, excluding taxes and insurance).