702 MARTIN LUTHER KING, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $341,441 and $535,643, with a best estimate of $483,865. That places the property above 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
$483,865
$425,613
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 $341,441 and $535,643. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$60,373 for 192 sqft more living space and -$1,997 for being older and -$25,048 for no garage. Net adjustment: +$33,328.
Adjusted -$27,042 for 86 sqft less living space and +$3,329 for being newer. Net adjustment: -$23,713.
Adjusted +$181,120 for 576 sqft more living space and -$1,997 for being older and -$25,048 for no garage. Net adjustment: +$154,075.
Adjusted +$163,511 for 520 sqft more living space. Net adjustment: +$163,511.
Adjusted +$133,324 for 424 sqft more living space and +$3,329 for being newer. Net adjustment: +$136,653.
The Neighborhood
This home is valued 18.5% 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 +18.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,293 across all districts. With a homestead exemption claimed, that drops to $5,677 — saving $1,616 per year. That's $473 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% | $4,216 |
| Williamson County | County | 0.3694% | $1,483 |
| Georgetown | City | 0.3530% | $1,417 |
| Williamson County FM/Rd | County | 0.0443% | $178 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $7,293 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $483,865 would pay approximately $3,020 per month (principal and interest only, excluding taxes and insurance).