302 MARTIN LUTHER KING ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $264,592 and $343,380, with a best estimate of $324,431. That places the property below the G601475I - South San Gabriel Urban Renewal median of $359,246, in a neighborhood that declined 11.5% over the past year.
Estimated Value Range
$324,431
$420,157
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G601475I - South San Gabriel Urban Renewal, this home's estimated market value is between $264,592 and $343,380. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$17,609 for 56 sqft more living space and +$9,321 for being newer. Net adjustment: +$26,930.
Adjusted -$48,424 for 154 sqft less living space and +$5,992 for being newer. Net adjustment: -$42,432.
Adjusted -$11,320 for 36 sqft less living space and +$5,992 for being newer. Net adjustment: -$5,328.
Adjusted +$25,470 for 81 sqft more living space and +$5,992 for being newer. Net adjustment: +$31,462.
Adjusted -$13,207 for 42 sqft less living space and +$3,995 for being newer and -$25,048 for no garage. Net adjustment: -$34,260.
The Neighborhood
This home is valued 17.0% above the G601475I - South San Gabriel Urban Renewal median of $359,246. With 176 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.5% over the past year.
G601475I - South San Gabriel Urban Renewal
above averageThis home is +17.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,636 across all districts. With a homestead exemption claimed, that drops to $6,013 — saving $1,623 per year. That's $501 per month a buyer should budget. The assessed value increased -0.1% vs the subdivision average of -11.5%. This above-average increase gives a protest opportunity score of 50 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Georgetown ISD | School | 1.0506% | $4,414 |
| Williamson County | County | 0.3694% | $1,552 |
| Georgetown | City | 0.3530% | $1,483 |
| Williamson County FM/Rd | County | 0.0443% | $186 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $7,636 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $324,431 would pay approximately $2,025 per month (principal and interest only, excluding taxes and insurance).