308 NORWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $468,087 and $510,922, with a best estimate of $498,266. That places the property above 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
$498,266
$528,263
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 $468,087 and $510,922. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$100,119 for 371 sqft less living space and +$4,724 for being newer. Net adjustment: -$95,395.
Adjusted -$45,067 for 167 sqft less living space and -$9,447 for being older. Net adjustment: -$54,514.
Adjusted +$51,004 for 189 sqft more living space and +$4,724 for being newer. Net adjustment: +$55,728.
Adjusted +$8,366 for 31 sqft more living space and +$9,447 for being newer. Net adjustment: +$17,813.
Adjusted -$197,269 for 731 sqft less living space and -$14,171 for being older. Net adjustment: -$211,440.
The Neighborhood
This home is valued 6.2% above the G230698D - River Ridge & Riverview Estates - All median of $497,470. With 445 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
typicalThis home is +6.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,601 across all districts. With a homestead exemption claimed, that drops to $7,939 — saving $1,662 per year. That's $662 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% | $5,550 |
| Williamson County | County | 0.3694% | $1,952 |
| Georgetown | City | 0.3530% | $1,865 |
| Williamson County FM/Rd | County | 0.0443% | $234 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $9,601 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $498,266 would pay approximately $3,110 per month (principal and interest only, excluding taxes and insurance).