505 SOMERSET WOODS CT, GEORGETOWN, TX 78633
GEORGETOWN, 78633 — williamson County
Property at a Glance
This home is estimated between $726,075 and $915,367, with a best estimate of $823,494. That places the property below the G721617A - SOMERSET RANCH median of $863,440, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$823,494
$814,986
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $726,075 and $915,367. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$109,361 for 389 sqft less living space. Net adjustment: -$109,361.
Adjusted +$52,010 for 185 sqft more living space and -$7,185 for being older. Net adjustment: +$44,825.
Adjusted +$26,989 for 96 sqft more living space and -$14,370 for being older. Net adjustment: +$12,619.
Adjusted +$2,530 for 9 sqft more living space and -$21,556 for being older. Net adjustment: -$19,026.
Adjusted +$15,462 for 55 sqft more living space and -$21,556 for being older. Net adjustment: -$6,094.
The Neighborhood
This home is valued 5.6% below the G721617A - SOMERSET RANCH median of $863,440. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.3% over the past year.
G721617A - SOMERSET RANCH
typicalThis home is -5.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $12,678 across all districts. With a homestead exemption claimed, that drops to $11,056 — saving $1,622 per year. That's $921 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% | $8,562 |
| Williamson County | County | 0.3694% | $3,011 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $743 |
| Williamson County FM/Rd | County | 0.0443% | $361 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5556% | $12,678 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $823,494 would pay approximately $5,140 per month (principal and interest only, excluding taxes and insurance).