505 FAIR OAKS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $371,354 and $624,102, with a best estimate of $482,384. That places the property below the G172613B - WATER OAK NORTH median of $501,966, in a neighborhood that declined 3.7% over the past year.
Estimated Value Range
$482,384
$539,120
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G172613B - WATER OAK NORTH, this home's estimated market value is between $371,354 and $624,102. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$119,882 for 563 sqft less living space and -$5,426 for being older. Net adjustment: -$125,308.
Adjusted -$93,691 for 440 sqft less living space and -$16,279 for being older. Net adjustment: -$109,970.
Adjusted -$47,271 for 222 sqft less living space and -$5,426 for being older. Net adjustment: -$52,697.
Adjusted -$39,819 for 187 sqft less living space and -$16,279 for being older. Net adjustment: -$56,098.
Adjusted -$168,005 for 789 sqft less living space and -$10,853 for being older. Net adjustment: -$178,858.
The Neighborhood
This home is valued 7.4% above the G172613B - WATER OAK NORTH median of $501,966. With 442 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is +7.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $13,346 across all districts. With a homestead exemption claimed, that drops to $11,776 — saving $1,570 per year. That's $981 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% | $5,664 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,960 |
| Williamson County | County | 0.3694% | $1,992 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $492 |
| Williamson County FM/Rd | County | 0.0443% | $239 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $13,346 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $482,384 would pay approximately $3,011 per month (principal and interest only, excluding taxes and insurance).