507 RIDGEWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $450,117 and $558,294, with a best estimate of $501,641. 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
$501,641
$501,886
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G230698D - River Ridge & Riverview Estates - All, this home's estimated market value is between $450,117 and $558,294. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$60,719 for 225 sqft less living space and -$23,619 for being older. Net adjustment: -$84,338.
Adjusted -$9,175 for 34 sqft less living space and -$33,066 for being older. Net adjustment: -$42,241.
Adjusted -$26,716 for 99 sqft less living space and -$18,895 for being older. Net adjustment: -$45,611.
Adjusted +$11,604 for 43 sqft more living space and -$47,237 for being older. Net adjustment: -$35,633.
Adjusted +$151,123 for 560 sqft more living space and -$33,066 for being older. Net adjustment: +$118,057.
The Neighborhood
This home is in line with the G230698D - River Ridge & Riverview Estates - All median of $497,470. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
typicalThis home is +0.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,121 across all districts. With a homestead exemption claimed, that drops to $7,469 — saving $1,652 per year. That's $622 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% | $5,273 |
| Williamson County | County | 0.3694% | $1,854 |
| Georgetown | City | 0.3530% | $1,772 |
| Williamson County FM/Rd | County | 0.0443% | $222 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $9,121 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $501,641 would pay approximately $3,131 per month (principal and interest only, excluding taxes and insurance).