118 PARK PLACE DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $498,875 and $1,599,567, with a best estimate of $1,043,716. That places the property above the I410600C - Gabriel's Overlook median of $818,008, in a neighborhood that appreciated 3.4% over the past year.
Estimated Value Range
$1,043,716
$1,136,723
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in I410600C - Gabriel's Overlook, this home's estimated market value is between $498,875 and $1,599,567. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$222,542 for 747 sqft more living space and +$47,697 for being newer. Net adjustment: +$270,239.
Adjusted -$115,591 for 388 sqft less living space and +$63,596 for being newer. Net adjustment: -$51,995.
Adjusted -$42,304 for 142 sqft less living space and +$31,798 for being newer. Net adjustment: -$10,506.
Adjusted +$248,460 for 834 sqft more living space and +$31,798 for being newer. Net adjustment: +$280,258.
Adjusted -$432,571 for 1,452 sqft less living space and -$63,596 for being older. Net adjustment: -$496,167.
The Neighborhood
This home is valued 39.0% above the I410600C - Gabriel's Overlook median of $818,008. With 304 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 3.4% over the past year.
I410600C - Gabriel's Overlook
above averageThis home is +39.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $19,083 across all districts. With a homestead exemption claimed, that drops to $17,144 — saving $1,939 per year. That's $1,429 per month a buyer should budget. The assessed value increased +13.2% vs the subdivision average of +3.4%. This above-average increase gives a protest opportunity score of 84 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $13,688 |
| Williamson County | County | 0.3694% | $4,082 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $823 |
| Williamson County FM/Rd | County | 0.0443% | $490 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7272% | $19,083 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $1,043,716 would pay approximately $6,515 per month (principal and interest only, excluding taxes and insurance).