505 RIVER DOWN RD, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $462,911 and $927,271, with a best estimate of $751,428. That places the property above the G230698D - River Ridge & Riverview Estates - All median of $497,470, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$751,428
$690,158
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G230698D - River Ridge & Riverview Estates - All, this home's estimated market value is between $462,911 and $927,271. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$74,752 for 277 sqft less living space. Net adjustment: -$74,752.
Adjusted +$229,922 for 852 sqft more living space and -$4,724 for being older. Net adjustment: +$225,198.
Adjusted +$145,455 for 539 sqft more living space and -$9,447 for being older. Net adjustment: +$136,008.
Adjusted +$195,110 for 723 sqft more living space and -$4,724 for being older. Net adjustment: +$190,386.
Adjusted +$36,161 for 134 sqft more living space. Net adjustment: +$36,161.
The Neighborhood
This home is valued 38.7% above the G230698D - River Ridge & Riverview Estates - All median of $497,470. With 445 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
above averageThis home is +38.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $12,543 across all districts. With a homestead exemption claimed, that drops to $10,823 — saving $1,720 per year. That's $902 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% | $7,251 |
| Williamson County | County | 0.3694% | $2,550 |
| Georgetown | City | 0.3530% | $2,436 |
| Williamson County FM/Rd | County | 0.0443% | $306 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $12,543 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $751,428 would pay approximately $4,690 per month (principal and interest only, excluding taxes and insurance).