505 LAKEWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $239,996 and $298,335, with a best estimate of $277,770. That places the property below the G125483H - Reata East & Reata Trails median of $317,290, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$277,770
$284,087
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G125483H - Reata East & Reata Trails, this home's estimated market value is between $239,996 and $298,335. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$11,142 for 52 sqft less living space. Net adjustment: -$11,142.
Adjusted -$103,059 for 481 sqft less living space and -$3,052 for being older. Net adjustment: -$106,111.
Adjusted -$62,778 for 293 sqft less living space. Net adjustment: -$62,778.
Adjusted -$31,711 for 148 sqft less living space and -$3,052 for being older. Net adjustment: -$34,763.
Adjusted -$17,998 for 84 sqft less living space and +$6,103 for being newer. Net adjustment: -$11,895.
The Neighborhood
This home is valued 10.5% below the G125483H - Reata East & Reata Trails median of $317,290. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.3% over the past year.
G125483H - Reata East & Reata Trails
typicalThis home is -10.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,163 across all districts. With a homestead exemption claimed, that drops to $3,589 — saving $1,574 per year. That's $299 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% | $2,985 |
| Williamson County | County | 0.3694% | $1,050 |
| Georgetown | City | 0.3530% | $1,003 |
| Williamson County FM/Rd | County | 0.0443% | $126 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,163 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $277,770 would pay approximately $1,734 per month (principal and interest only, excluding taxes and insurance).