505 PARK PLACE DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $815,074 and $920,715, with a best estimate of $867,246. That places the property above the I410600C - Gabriel's Overlook median of $818,008, in a neighborhood that appreciated 3.4% over the past year.
Estimated Value Range
$867,246
$962,921
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in I410600C - Gabriel's Overlook, this home's estimated market value is between $815,074 and $920,715. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$5,660 for 19 sqft more living space and +$79,495 for being newer. Net adjustment: +$85,155.
Adjusted +$240,417 for 807 sqft more living space and -$111,294 for being older. Net adjustment: +$129,123.
Adjusted +$93,247 for 313 sqft more living space and -$15,899 for being older. Net adjustment: +$77,348.
Adjusted +$44,091 for 148 sqft more living space and +$79,495 for being newer. Net adjustment: +$123,586.
Adjusted +$71,201 for 239 sqft more living space and +$31,798 for being newer. Net adjustment: +$102,999.
The Neighborhood
This home is valued 17.7% above the I410600C - Gabriel's Overlook median of $818,008. With 304 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 3.4% over the past year.
I410600C - Gabriel's Overlook
above averageThis home is +17.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $16,631 across all districts. With a homestead exemption claimed, that drops to $14,719 — saving $1,912 per year. That's $1,227 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 |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $11,930 |
| Williamson County | County | 0.3694% | $3,557 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $717 |
| Williamson County FM/Rd | County | 0.0443% | $427 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7272% | $16,631 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $867,246 would pay approximately $5,413 per month (principal and interest only, excluding taxes and insurance).