507 PREAKNESS PLACE, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $128,727 and $386,891, with a best estimate of $271,491. That places the property below the G540594E - Stonehedge Sec 1,2, & 3 median of $377,452, in a neighborhood that declined 9.4% over the past year.
Estimated Value Range
$271,491
$345,731
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G540594E - Stonehedge Sec 1,2, & 3, this home's estimated market value is between $128,727 and $386,891. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$195,747 for 732 sqft less living space and -$2,539 for being older. Net adjustment: -$198,286.
Adjusted -$77,282 for 289 sqft less living space. Net adjustment: -$77,282.
Adjusted -$1,070 for 4 sqft less living space and -$5,079 for being older. Net adjustment: -$6,149.
Adjusted -$5,616 for 21 sqft less living space and -$2,539 for being older. Net adjustment: -$8,155.
Adjusted -$177,295 for 663 sqft less living space and -$2,539 for being older. Net adjustment: -$179,834.
The Neighborhood
This home is valued 8.4% below the G540594E - Stonehedge Sec 1,2, & 3 median of $377,452. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.4% over the past year.
G540594E - Stonehedge Sec 1,2, & 3
typicalThis home is -8.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,283 across all districts. With a homestead exemption claimed, that drops to $4,688 — saving $1,595 per year. That's $391 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% | $3,632 |
| Williamson County | County | 0.3694% | $1,277 |
| Georgetown | City | 0.3530% | $1,220 |
| Williamson County FM/Rd | County | 0.0443% | $153 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $6,283 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $271,491 would pay approximately $1,695 per month (principal and interest only, excluding taxes and insurance).