4902 MADRID DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $341,453 and $528,964, with a best estimate of $355,789. That places the property below the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$355,789
$454,268
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G760500D - Georgetown Village - Shell Ranch R3, this home's estimated market value is between $341,453 and $528,964. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$72,687 for 336 sqft less living space. Net adjustment: -$72,687.
Adjusted -$8,653 for 40 sqft less living space and -$795 for being older. Net adjustment: -$9,448.
Adjusted +$92,157 for 426 sqft more living space. Net adjustment: +$92,157.
Adjusted +$70,740 for 327 sqft more living space and -$795 for being older. Net adjustment: +$69,945.
Adjusted -$38,507 for 178 sqft less living space. Net adjustment: -$38,507.
The Neighborhood
This home is valued 16.2% above the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860. With 480 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 1.7% over the past year.
G760500D - Georgetown Village - Shell Ranch R3
above averageThis home is +16.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,801 across all districts. With a homestead exemption claimed, that drops to $7,166 — saving $1,635 per year. That's $597 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% | $4,773 |
| Williamson County | County | 0.3694% | $1,678 |
| Georgetown | City | 0.3530% | $1,604 |
| Georgetown Village PID | pid | 0.1200% | $545 |
| Williamson County FM/Rd | County | 0.0443% | $201 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9374% | $8,801 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $355,789 would pay approximately $2,221 per month (principal and interest only, excluding taxes and insurance).