505 W 8TH ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $392,285 and $457,193, with a best estimate of $412,905. That places the property above the G601475I - South San Gabriel Urban Renewal median of $359,246, in a neighborhood that declined 11.5% over the past year.
Estimated Value Range
$412,905
$450,537
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G601475I - South San Gabriel Urban Renewal, this home's estimated market value is between $392,285 and $457,193. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$60,373 for 192 sqft less living space and +$1,997 for being newer and +$25,048 for having a garage. Net adjustment: -$33,328.
Adjusted +$42,764 for 136 sqft more living space and +$25,048 for having a garage. Net adjustment: +$67,812.
Adjusted +$6,918 for 22 sqft more living space and +$25,048 for having a garage. Net adjustment: +$31,966.
Adjusted +$49,368 for 157 sqft more living space and -$9,321 for being older and +$25,048 for having a garage. Net adjustment: +$65,095.
Adjusted +$16,351 for 52 sqft more living space and +$1,997 for being newer. Net adjustment: +$18,348.
The Neighborhood
This home is valued 25.4% above the G601475I - South San Gabriel Urban Renewal median of $359,246. With 176 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.5% over the past year.
G601475I - South San Gabriel Urban Renewal
above averageThis home is +25.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,188 across all districts. With a homestead exemption claimed, that drops to $6,554 — saving $1,634 per year. That's $546 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% | $4,733 |
| Williamson County | County | 0.3694% | $1,664 |
| Georgetown | City | 0.3530% | $1,590 |
| Williamson County FM/Rd | County | 0.0443% | $200 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $8,188 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $412,905 would pay approximately $2,577 per month (principal and interest only, excluding taxes and insurance).