501 RIDGEWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $377,040 and $779,044, with a best estimate of $537,274. That places the property above the G230698D - River Ridge & Riverview Estates - All median of $497,470, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$537,274
$593,927
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $377,040 and $779,044. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$20,779 for 77 sqft less living space and +$14,171 for being newer. Net adjustment: -$6,608.
Adjusted +$5,397 for 20 sqft more living space and -$37,790 for being older. Net adjustment: -$32,393.
Adjusted +$174,870 for 648 sqft more living space. Net adjustment: +$174,870.
Adjusted -$15,652 for 58 sqft less living space and +$9,447 for being newer. Net adjustment: -$6,205.
Adjusted +$42,908 for 159 sqft more living space and +$9,447 for being newer. Net adjustment: +$52,355.
The Neighborhood
This home is valued 19.4% above the G230698D - River Ridge & Riverview Estates - All median of $497,470. With 445 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
above averageThis home is +19.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,794 across all districts. With a homestead exemption claimed, that drops to $9,109 — saving $1,685 per year. That's $759 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% | $6,240 |
| Williamson County | County | 0.3694% | $2,194 |
| Georgetown | City | 0.3530% | $2,097 |
| Williamson County FM/Rd | County | 0.0443% | $263 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $10,794 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $537,274 would pay approximately $3,354 per month (principal and interest only, excluding taxes and insurance).