503 PREAKNESS PLACE, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $277,015 and $408,980, with a best estimate of $323,573. 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
$323,573
$478,369
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 $277,015 and $408,980. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$7,755 for 29 sqft more living space and +$2,539 for being newer. Net adjustment: +$10,294.
Adjusted +$10,697 for 40 sqft more living space and +$2,539 for being newer. Net adjustment: +$13,236.
Adjusted -$55,087 for 206 sqft less living space and +$2,539 for being newer. Net adjustment: -$52,548.
Adjusted -$100,013 for 374 sqft less living space. Net adjustment: -$100,013.
Adjusted -$21,393 for 80 sqft less living space and +$2,539 for being newer. Net adjustment: -$18,854.
The Neighborhood
This home is valued 26.7% above the G540594E - Stonehedge Sec 1,2, & 3 median of $377,452. With 381 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 9.4% over the past year.
G540594E - Stonehedge Sec 1,2, & 3
above averageThis home is +26.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,694 across all districts. With a homestead exemption claimed, that drops to $7,050 — saving $1,644 per year. That's $588 per month a buyer should budget. The assessed value increased -1.8% vs the subdivision average of -9.4%. This above-average increase gives a protest opportunity score of 38 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Georgetown ISD | School | 1.0506% | $5,026 |
| Williamson County | County | 0.3694% | $1,767 |
| Georgetown | City | 0.3530% | $1,689 |
| Williamson County FM/Rd | County | 0.0443% | $212 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $8,694 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $323,573 would pay approximately $2,020 per month (principal and interest only, excluding taxes and insurance).