116 LAKE MINERAL WELLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $510,163 and $623,184, with a best estimate of $571,778. That places the property above the L498610C - PARKSIDE AT MAYFIELD RANCH median of $567,434, in a neighborhood that declined 5.9% over the past year.
Estimated Value Range
$571,778
$606,041
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L498610C - PARKSIDE AT MAYFIELD RANCH, this home's estimated market value is between $510,163 and $623,184. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$39,916 for 148 sqft less living space and +$3,186 for being newer. Net adjustment: -$36,730.
Adjusted +$270 for 1 sqft more living space and +$3,186 for being newer. Net adjustment: +$3,456.
Adjusted -$138,087 for 512 sqft less living space and -$3,186 for being older. Net adjustment: -$141,273.
Adjusted -$189,870 for 704 sqft less living space. Net adjustment: -$189,870.
Adjusted -$10,788 for 40 sqft less living space. Net adjustment: -$10,788.
The Neighborhood
This home is valued 6.8% above the L498610C - PARKSIDE AT MAYFIELD RANCH median of $567,434. With 936 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.9% over the past year.
L498610C - PARKSIDE AT MAYFIELD RANCH
typicalThis home is +6.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $12,718 across all districts. With a homestead exemption claimed, that drops to $11,084 — saving $1,634 per year. That's $924 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 |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $6,587 |
| Parkside at Mayfield Ranch MUD | MUD | 0.3775% | $2,288 |
| Williamson County | County | 0.3694% | $2,239 |
| Austin Community College | special | 0.1034% | $627 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $606 |
| Williamson County FM/Rd | County | 0.0443% | $269 |
| Upper Brushy Creek WCID | Water | 0.0170% | $103 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0985% | $12,718 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $571,778 would pay approximately $3,569 per month (principal and interest only, excluding taxes and insurance).