506 E 7TH ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $340,843 and $876,448, with a best estimate of $514,323. That places the property below the G653H - Old Town Gtown Class H3 median of $809,018, in a neighborhood that appreciated 1.2% over the past year.
Estimated Value Range
$514,323
$590,139
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in G653H - Old Town Gtown Class H3. The estimated range of $340,843 and $876,448 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$32,408 for 73 sqft less living space. Net adjustment: -$32,408.
Adjusted +$130,076 for 293 sqft more living space and +$4,313 for being newer. Net adjustment: +$134,389.
Adjusted +$191,341 for 431 sqft more living space and -$4,313 for being older. Net adjustment: +$187,028.
Adjusted +$444 for 1 sqft more living space and -$17,253 for being older. Net adjustment: -$16,809.
Adjusted -$12,874 for 29 sqft less living space and -$8,626 for being older. Net adjustment: -$21,500.
The Neighborhood
This home is valued 27.1% below the G653H - Old Town Gtown Class H3 median of $809,018. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 1.2% over the past year.
G653H - Old Town Gtown Class H3
below averageThis home is -27.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,541 across all districts. With a homestead exemption claimed, that drops to $7,881 — saving $1,660 per year. That's $657 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% | $5,516 |
| Williamson County | County | 0.3694% | $1,940 |
| Georgetown | City | 0.3530% | $1,853 |
| Williamson County FM/Rd | County | 0.0443% | $233 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $9,541 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $514,323 would pay approximately $3,210 per month (principal and interest only, excluding taxes and insurance).