306 MARTIN LUTHER KING ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $229,296 and $393,227, with a best estimate of $309,254. 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
$309,254
$297,501
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 $229,296 and $393,227. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$66,033 for 210 sqft less living space and -$3,329 for being older. Net adjustment: -$69,362.
Adjusted -$17,609 for 56 sqft less living space and -$9,321 for being older. Net adjustment: -$26,930.
Adjusted -$91,189 for 290 sqft less living space and +$1,332 for being newer. Net adjustment: -$89,857.
Adjusted +$52,827 for 168 sqft more living space and +$1,332 for being newer. Net adjustment: +$54,159.
Adjusted +$10,062 for 32 sqft more living space and -$3,329 for being older. Net adjustment: +$6,733.
The Neighborhood
This home is valued 17.2% below the G601475I - South San Gabriel Urban Renewal median of $359,246. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.5% over the past year.
G601475I - South San Gabriel Urban Renewal
below averageThis home is -17.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,407 across all districts. With a homestead exemption claimed, that drops to $3,828 — saving $1,579 per year. That's $319 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% | $3,126 |
| Williamson County | County | 0.3694% | $1,099 |
| Georgetown | City | 0.3530% | $1,050 |
| Williamson County FM/Rd | County | 0.0443% | $132 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,407 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $309,254 would pay approximately $1,930 per month (principal and interest only, excluding taxes and insurance).