502 W MAJESTIC OAK LN, GEORGETOWN, TX 78633
GEORGETOWN, 78633 — williamson County
Property at a Glance
This home is estimated between $904,533 and $1,086,101, with a best estimate of $989,344. That places the property above the G720601C - WOODLAND PARK & WOODLAND PARK WEST median of $936,407, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$989,344
$1,039,935
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G720601C - WOODLAND PARK & WOODLAND PARK WEST, this home's estimated market value is between $904,533 and $1,086,101. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$93,361 for 320 sqft less living space. Net adjustment: -$93,361.
Adjusted +$227,275 for 779 sqft more living space and -$15,996 for being older. Net adjustment: +$211,279.
Adjusted -$119,619 for 410 sqft less living space and -$23,993 for being older. Net adjustment: -$143,612.
Adjusted +$91,319 for 313 sqft more living space and -$31,991 for being older. Net adjustment: +$59,328.
Adjusted -$5,835 for 20 sqft less living space and -$55,985 for being older. Net adjustment: -$61,820.
The Neighborhood
This home is valued 11.1% above the G720601C - WOODLAND PARK & WOODLAND PARK WEST median of $936,407. With 320 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 4.3% over the past year.
G720601C - WOODLAND PARK & WOODLAND PARK WEST
typicalThis home is +11.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $16,177 across all districts. With a homestead exemption claimed, that drops to $14,514 — saving $1,663 per year. That's $1,210 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% | $10,926 |
| Williamson County | County | 0.3694% | $3,842 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $948 |
| Williamson County FM/Rd | County | 0.0443% | $461 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5556% | $16,177 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $989,344 would pay approximately $6,175 per month (principal and interest only, excluding taxes and insurance).