501 OTTO AVE, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $245,108 and $430,459, with a best estimate of $255,008. That places the property below the G570318C - FAIRHAVEN median of $361,924, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$255,008
$361,924
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G570318C - FAIRHAVEN, this home's estimated market value is between $245,108 and $430,459. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$72,822 for 352 sqft less living space. Net adjustment: -$72,822.
Adjusted +$65,788 for 318 sqft more living space and -$3,513 for being older. Net adjustment: +$62,275.
This comparable closely matches the subject property's features.
Adjusted -$41,376 for 200 sqft less living space. Net adjustment: -$41,376.
Adjusted -$44,066 for 213 sqft less living space. Net adjustment: -$44,066.
The Neighborhood
This home is in line with the G570318C - FAIRHAVEN median of $361,924. Note that values in this subdivision declined 5.7% over the past year.
G570318C - FAIRHAVEN
typicalThis home is +0.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,266 across all districts. With a homestead exemption claimed, that drops to $6,664 — saving $1,602 per year. That's $555 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% | $3,802 |
| SE Williamson County MUD #1 | MUD | 0.4665% | $1,688 |
| Williamson County | County | 0.3694% | $1,337 |
| Georgetown | City | 0.3530% | $1,278 |
| Williamson County FM/Rd | County | 0.0443% | $160 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.2839% | $8,266 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $255,008 would pay approximately $1,592 per month (principal and interest only, excluding taxes and insurance).