306 LAKEWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $253,179 and $317,589, with a best estimate of $263,918. That places the property below the G125483H - Reata East & Reata Trails median of $317,290, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$263,918
$295,100
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G125483H - Reata East & Reata Trails, this home's estimated market value is between $253,179 and $317,589. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$99,417 for 464 sqft less living space. Net adjustment: -$99,417.
Adjusted -$16,927 for 79 sqft less living space. Net adjustment: -$16,927.
Adjusted -$18,426 for 86 sqft less living space. Net adjustment: -$18,426.
Adjusted -$53,565 for 250 sqft less living space and -$3,052 for being older. Net adjustment: -$56,617.
Adjusted -$59,564 for 278 sqft less living space and -$6,103 for being older. Net adjustment: -$65,667.
The Neighborhood
This home is valued 7.0% below the G125483H - Reata East & Reata Trails median of $317,290. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.3% over the past year.
G125483H - Reata East & Reata Trails
typicalThis home is -7.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,363 across all districts. With a homestead exemption claimed, that drops to $3,786 — saving $1,577 per year. That's $316 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% | $3,100 |
| Williamson County | County | 0.3694% | $1,090 |
| Georgetown | City | 0.3530% | $1,042 |
| Williamson County FM/Rd | County | 0.0443% | $131 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,363 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $263,918 would pay approximately $1,647 per month (principal and interest only, excluding taxes and insurance).