602 LAKEWAY DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $213,716 and $301,064, with a best estimate of $247,102. 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
$247,102
$249,322
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 $213,716 and $301,064. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$6,214 for 29 sqft less living space. Net adjustment: -$6,214.
Adjusted -$28,282 for 132 sqft less living space. Net adjustment: -$28,282.
Adjusted -$30,853 for 144 sqft less living space. Net adjustment: -$30,853.
Adjusted -$111,415 for 520 sqft less living space and -$3,052 for being older. Net adjustment: -$114,467.
Adjusted -$80,348 for 375 sqft less living space and -$6,103 for being older. Net adjustment: -$86,451.
The Neighborhood
This home is valued 21.4% 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
below averageThis home is -21.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,531 across all districts. With a homestead exemption claimed, that drops to $2,970 — saving $1,561 per year. That's $248 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% | $2,619 |
| Williamson County | County | 0.3694% | $921 |
| Georgetown | City | 0.3530% | $880 |
| Williamson County FM/Rd | County | 0.0443% | $111 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $4,531 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $247,102 would pay approximately $1,542 per month (principal and interest only, excluding taxes and insurance).