505 INNWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $453,697 and $571,847, with a best estimate of $541,742. That places the property above the G235480G - San Gabriel Heights Sec 1,2,2 (AMD),3,4,5 median of $377,162, in a neighborhood that declined 0.4% over the past year.
Estimated Value Range
$541,742
$601,631
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G235480G - San Gabriel Heights Sec 1,2,2 (AMD),3,4,5, this home's estimated market value is between $453,697 and $571,847. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$175,841 for 839 sqft more living space and -$1,613 for being older. Net adjustment: +$174,228.
Adjusted +$31,647 for 151 sqft more living space and +$1,613 for being newer. Net adjustment: +$33,260.
Adjusted +$75,869 for 362 sqft more living space and -$2,419 for being older. Net adjustment: +$73,450.
Adjusted +$182,338 for 870 sqft more living space and -$2,016 for being older. Net adjustment: +$180,322.
Adjusted +$74,402 for 355 sqft more living space and -$4,435 for being older. Net adjustment: +$69,967.
The Neighborhood
This home is valued 59.5% above the G235480G - San Gabriel Heights Sec 1,2,2 (AMD),3,4,5 median of $377,162. With 358 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 0.4% over the past year.
G235480G - San Gabriel Heights Sec 1,2,2 (AMD),3,4,5
outlier highThis home is +59.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,934 across all districts. With a homestead exemption claimed, that drops to $9,246 — saving $1,688 per year. That's $771 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% | $6,321 |
| Williamson County | County | 0.3694% | $2,223 |
| Georgetown | City | 0.3530% | $2,124 |
| Williamson County FM/Rd | County | 0.0443% | $267 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $10,934 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $541,742 would pay approximately $3,382 per month (principal and interest only, excluding taxes and insurance).