502 S MYRTLE ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $491,010 and $597,113, with a best estimate of $518,464. That places the property above the G652H - Old Town Gtown Class H1 & H2 median of $409,550, in a neighborhood that declined 18.5% over the past year.
Estimated Value Range
$518,464
$516,852
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G652H - Old Town Gtown Class H1 & H2, this home's estimated market value is between $491,010 and $597,113. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$78,674 for 240 sqft more living space and -$2,978 for being older. Net adjustment: +$75,696.
Adjusted -$138,335 for 422 sqft less living space and +$114,024 for having a pool. Net adjustment: -$24,311.
Adjusted -$42,615 for 130 sqft less living space and +$5,957 for being newer and +$114,024 for having a pool. Net adjustment: +$77,366.
Adjusted -$53,760 for 164 sqft less living space and -$8,935 for being older and +$114,024 for having a pool. Net adjustment: +$51,329.
Adjusted -$73,429 for 224 sqft less living space and -$8,935 for being older and +$114,024 for having a pool. Net adjustment: +$31,660.
The Neighborhood
This home is valued 26.2% above the G652H - Old Town Gtown Class H1 & H2 median of $409,550. With 382 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 18.5% over the past year.
G652H - Old Town Gtown Class H1 & H2
above averageThis home is +26.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,393 across all districts. With a homestead exemption claimed, that drops to $7,736 — saving $1,657 per year. That's $645 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% | $5,430 |
| Williamson County | County | 0.3694% | $1,909 |
| Georgetown | City | 0.3530% | $1,824 |
| Williamson County FM/Rd | County | 0.0443% | $229 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $9,393 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $518,464 would pay approximately $3,236 per month (principal and interest only, excluding taxes and insurance).