1505 TIMBER ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $191,349 and $380,300, with a best estimate of $285,374. That places the property below the G619T68H - Central Georgetown median of $459,857, in a neighborhood that declined 0.2% over the past year.
Estimated Value Range
$285,374
$284,514
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 $191,349 and $380,300. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$45,600 for being older and -$46,056 for no pool. Net adjustment: -$91,656.
Adjusted +$7,445 for 24 sqft more living space and +$38,000 for being newer. Net adjustment: +$45,445.
This comparable closely matches the subject property's features.
Adjusted -$34,125 for 110 sqft less living space and -$45,600 for being older. Net adjustment: -$79,725.
Adjusted -$119,126 for 384 sqft less living space and +$50,666 for being newer. Net adjustment: -$68,460.
The Neighborhood
This home is valued 38.1% below the G619T68H - Central Georgetown median of $459,857. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 0.2% over the past year.
G619T68H - Central Georgetown
below averageThis home is -38.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,171 across all districts. With a homestead exemption claimed, that drops to $3,597 — saving $1,574 per year. That's $300 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% | $2,989 |
| Williamson County | County | 0.3694% | $1,051 |
| Georgetown | City | 0.3530% | $1,004 |
| Williamson County FM/Rd | County | 0.0443% | $126 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,171 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $285,374 would pay approximately $1,781 per month (principal and interest only, excluding taxes and insurance).