5701 FM 487 W, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $40,887 and $1,303,770, with a best estimate of $375,524. That places the property below the J002D35H - JARRELL ISD RURAL BEFORE 1990 median of $511,042, in a neighborhood that appreciated 0.0% over the past year.
Estimated Value Range
$375,524
$325,519
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $40,887 and $1,303,770. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$29,629 for 117 sqft more living space. Net adjustment: +$29,629.
Adjusted -$69,641 for 275 sqft less living space and -$19,194 for being older. Net adjustment: -$88,835.
Adjusted -$13,422 for 53 sqft less living space and -$14,396 for being older. Net adjustment: -$27,818.
Adjusted -$10,636 for 42 sqft less living space and -$26,392 for being older. Net adjustment: -$37,028.
Adjusted +$44,317 for 175 sqft more living space and -$33,590 for being older. Net adjustment: +$10,727.
The Neighborhood
This home is valued 36.3% below the J002D35H - JARRELL ISD RURAL BEFORE 1990 median of $511,042. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 0.0% over the past year.
J002D35H - JARRELL ISD RURAL BEFORE 1990
below averageThis home is -36.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,471 across all districts. With a homestead exemption claimed, that drops to $3,777 — saving $1,694 per year. That's $315 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 |
|---|---|---|---|
| Jarrell ISD | School | 1.1669% | $3,798 |
| Williamson County | County | 0.3694% | $1,203 |
| Williamson County ESD #5 - Jarrell | ESD | 0.1000% | $325 |
| Williamson County FM/Rd | County | 0.0443% | $144 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.6807% | $5,471 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $375,524 would pay approximately $2,344 per month (principal and interest only, excluding taxes and insurance).