505 RIVERVIEW DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $339,481 and $607,762, with a best estimate of $399,142. That places the property below 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
$399,142
$389,463
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 $339,481 and $607,762. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$62,608 for 232 sqft less living space and +$42,513 for being newer. Net adjustment: -$20,095.
Adjusted -$46,146 for 171 sqft less living space. Net adjustment: -$46,146.
Adjusted +$70,434 for 261 sqft more living space. Net adjustment: +$70,434.
Adjusted -$1,079 for 4 sqft less living space and +$37,790 for being newer. Net adjustment: +$36,711.
Adjusted -$50,734 for 188 sqft less living space and +$37,790 for being newer. Net adjustment: -$12,944.
The Neighborhood
This home is valued 21.7% below the G230698D - River Ridge & Riverview Estates - All median of $497,470. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
below averageThis home is -21.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,078 across all districts. With a homestead exemption claimed, that drops to $5,466 — saving $1,612 per year. That's $456 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% | $4,092 |
| Williamson County | County | 0.3694% | $1,439 |
| Georgetown | City | 0.3530% | $1,375 |
| Williamson County FM/Rd | County | 0.0443% | $173 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $7,078 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $399,142 would pay approximately $2,491 per month (principal and interest only, excluding taxes and insurance).