4702 MADRID DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $368,062 and $527,265, with a best estimate of $504,951. That places the property above the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$504,951
$373,143
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 $368,062 and $527,265. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$9,735 for 45 sqft less living space and +$397 for being newer. Net adjustment: -$9,338.
Adjusted +$48,458 for 224 sqft more living space. Net adjustment: +$48,458.
Adjusted +$28,988 for 134 sqft more living space and +$530 for being newer. Net adjustment: +$29,518.
Adjusted +$865 for 4 sqft more living space and -$265 for being older. Net adjustment: +$600.
Adjusted -$32,233 for 149 sqft less living space. Net adjustment: -$32,233.
The Neighborhood
This home is valued 4.5% below the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.7% over the past year.
G760500D - Georgetown Village - Shell Ranch R3
typicalThis home is -4.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,229 across all districts. With a homestead exemption claimed, that drops to $5,624 — saving $1,605 per year. That's $469 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% | $3,920 |
| Williamson County | County | 0.3694% | $1,379 |
| Georgetown | City | 0.3530% | $1,317 |
| Georgetown Village PID | pid | 0.1200% | $448 |
| Williamson County FM/Rd | County | 0.0443% | $165 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9374% | $7,229 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $504,951 would pay approximately $3,152 per month (principal and interest only, excluding taxes and insurance).