503 ELM ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $120,252 and $308,429, with a best estimate of $244,110. That places the property below the G652H - Old Town Gtown Class H1 & H2 median of $409,550, in a neighborhood that declined 18.5% over the past year.
Estimated Value Range
$244,110
$296,083
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in G652H - Old Town Gtown Class H1 & H2. The estimated range of $120,252 and $308,429 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$73,429 for 224 sqft less living space and -$5,957 for being older. Net adjustment: -$79,386.
Adjusted -$60,972 for 186 sqft less living space and +$2,978 for being newer. Net adjustment: -$57,994.
Adjusted -$335,674 for 1,024 sqft less living space. Net adjustment: -$335,674.
Adjusted -$104,570 for 319 sqft less living space and +$5,957 for being newer and -$114,024 for no pool. Net adjustment: -$212,637.
Adjusted -$76,051 for 232 sqft less living space and +$11,913 for being newer. Net adjustment: -$64,138.
The Neighborhood
This home is valued 27.7% below the G652H - Old Town Gtown Class H1 & H2 median of $409,550. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 18.5% over the past year.
G652H - Old Town Gtown Class H1 & H2
below averageThis home is -27.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,381 across all districts. With a homestead exemption claimed, that drops to $3,803 — saving $1,578 per year. That's $317 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% | $3,111 |
| Williamson County | County | 0.3694% | $1,094 |
| Georgetown | City | 0.3530% | $1,045 |
| Williamson County FM/Rd | County | 0.0443% | $131 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,381 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $244,110 would pay approximately $1,524 per month (principal and interest only, excluding taxes and insurance).