305 NORWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $341,038 and $545,435, with a best estimate of $420,485. 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
$420,485
$438,316
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 $341,038 and $545,435. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$43,987 for 163 sqft less living space and -$4,724 for being older. Net adjustment: -$48,711.
Adjusted -$7,556 for 28 sqft less living space and +$9,447 for being newer. Net adjustment: +$1,891.
Adjusted -$77,450 for 287 sqft less living space and -$4,724 for being older. Net adjustment: -$82,174.
Adjusted +$26,177 for 97 sqft more living space and -$42,513 for being older. Net adjustment: -$16,336.
Adjusted +$42,098 for 156 sqft more living space and +$14,171 for being newer. Net adjustment: +$56,269.
The Neighborhood
This home is valued 11.9% 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
typicalThis home is -11.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,966 across all districts. With a homestead exemption claimed, that drops to $6,337 — saving $1,629 per year. That's $528 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% | $4,605 |
| Williamson County | County | 0.3694% | $1,619 |
| Georgetown | City | 0.3530% | $1,547 |
| Williamson County FM/Rd | County | 0.0443% | $194 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $7,966 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $420,485 would pay approximately $2,625 per month (principal and interest only, excluding taxes and insurance).